TSX.V : CWV Exploration and Production Growth in Argentina CORPORATE PRESENTATION January 2015
Why Argentina Revitalized petroleum industry Underexplored and underexploited resources Net importer of oil and gas Government encouraging new Neuqun Basin (Cerro de Los Leones) development and exploration Favorable New Gas…
High Potential Asset Base Austral Basin (Tierra del Fuego) 25.78% working interest Core producing asset (Q3 2014 average production of 1,281 boepd; estimated to have increased to 1,392 boepd in Q4 2014) 126,000 net acres (489,000…
Our Growth Platform Tierra del Fuego Conventional generate repeatable growth from our core Neuqun Basin (Cerro de Los Cerro de Los Leones Leones) Conventional upside high impact exploration Consolidation/acquisition…
Tierra del Fuego Las Violetas Concession 20 drilling locations in inventory Rio Cullen Successful wells IP90 rates of 2 - 5 mmcf/d plus liquids* Drilling depths: 1,700 - 2,300 m US 3.03.6 million (gross) per well Angostura…
Tierra del Fuego Development Strategy Goals Reverse natural production decline rate Generate higher revenues: increase gas production qualifying for higher unit prices (as a result of the New Gas Subsidy Program) Strategy Rio…
Building Reserves and Cash Flow 14-Well Tierra del Fuego Drilling Rio Cullen Program 8 development (6 complete, 3 on production) 4 re-completion (4 complete, 2 on production) 2 exploration (2 complete, 1 on production)…
Building Production Prospective Springhill Formation Fairway Rio Chico Gas Facility Los Flamencos Rio Grande Town Site San Luis San Luis New Pool Discovery San Luis Gas Plant 10
Exploration Wells Puesto Quince Prospective area is 50 km2 in size Las Violetas Analogous to Los Flamencos and Los Patos pools* Puesto Quince PQ x-1001 well is located 5 km from Crown Points oil and gas processing facilities at…
Exploration Wells San Luis SL x-1003 drilled on a separate fault block adjacent to San Luis Springhill gas pool Well is a new pool discovery; four hour Rio Grande production test flowed average gross rates of Town Site 5.6 mmcf…
La Marina Compression Plant Turbo Compressor La Marina Compression Plant Control Panel House Capable of 105 mmcf/d to San Martin pipeline Owned by JV (CWV working interest 25.78%) 13
High Impact Exploration Targeting Conventional and Non-Conventional 14
Cerro de Los Leones (100%WI) North Neuqun Basin High impact exploration Proven productive region with excellent access Unconventional shale resource potential in the Vaca Muerta while Cerro de Los Leones drilling conventional…
Cerro de Los Leones Vaca Muerta Potential High impact exploration La Hoyada x-1 exploration well Puesto Rojas completed and tested 23 mmbbls of oil produced to date Llancanelo Plans for long-term testing dependent on from 6…
Cerro de Los Leones Vaca Muerta Non-Conventional Resource Potential 90,000 acres modeled as potentially being in the oil generation window Llancanelo crude sourced from Vaca Muerta shale Llancanelo 350 km2 Supports Vaca Muerta…
Capitalization As at December 31, 2014 Closing price 0.16 Shares outstanding(1) 130.5 million Market cap Cdn 20.9 million As at September 30, 2014 Working capital(2)(3) US 2.2 million Debt (Argentine Peso denominated) (2)(3) US…
Management Murray D. McCartney Arthur J.G. Madden President & CEO, Director Vice President Finance & CFO More than 34 years petroleum industry 40 years of petroleum industry experience in both experience in both private and public…
Board of Directors Gordon Kettleson Non-Executive Chairman Keith Turnbull, CA Former member of KPMGs executive Founding Director and previous CEO of Crown Point management committee and former Office Managing Partner for KPMGs…
Investment Highlights Operating in Argentinas revitalized petroleum industry Favorable New Gas Subsidy Program Foreign investment incentives Production growth supported by extensive infrastructure Growing conventional production…
Loading...
