Head Office: MADALENA ENERGY INC. Suite 3200, 500 - 4th Avenue SW Calgary, Alberta, Canada T2P 2V6 Madalena e n e r g y International Office: MADALENA ENERGY S.A. inc. 421 Lola Mora, 13th Floor Buenos Aires, ARG C1011ABE…
EXPERIENCED FULL-CYCLE OPERATING TEAM MANAGEMENT TEAM Ruy Riavitz Argentina Country Manager Kevin Shaw, P. Eng., MBA President & CEO Previously E&P Manager, Hidenesa Gas SA (now GyP of Neuquen) & Previously Managing Director & Head…
SUMMARY: Capitalization Trading Symbols - TSXV: MVN - OTC: MDLNF July, 2014 Total Issued and Outstanding 000s 539,782 Market Capitalization (Basic) (0.39/share) 000s 210,515 July 7, 2014 Pro forma closing Positive Working…
MADALENA ENERGY: Strategic & Transformational Deal Argentina & Canadian focused Oil and Gas E&P company June 25, 2014 closed strategic acquisition of Gran Tierras Argentina business units1 Interests in 14 concessions covering…
MADALENA: STEP Change in Production Growth Madalena Quarterly Production Growth 5,000 Exit Target 5,200 - 5,400 Boe/d 4,500 4,000 US 63MM acquisition 3,500 3,300 Boe/d US 19,090/Boe/d P+P (incl FDC) US 16.12/Boe 3,000…
MADALENA: Growing Production and Improving Netbacks Improving Netbacks1 in Argentina 70.00 Opcost /Boe 60.00 Netback /Boe 50.00 40.00 30.00 20.00 10.00 - Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4…
MADALENA ENERGY: Balanced Business Strategy Current production 4,700 4,800 Boe/d (75% oil + NGLs) Solid Production Base 2014 exit rate 5,200 to 5,400 Boe/d Stable production platform which generates cash flow for reinvestment into…
SUMMARY: Asset Base by Block ASSET BASE NET AVERAGE NET ADJUSTED OIL & NGLs AREA (Block) PRODUCTION WORKING ASSET FOCUS 2P RESERVES (Boe/d) INTEREST (Dec. 31, 2013 MBoe) Canadian Assets 1,000 50% 78% Conventional & Resource Plays…
CANADIAN ASSETS: Alberta W5, Oil and Liquids Rich Gas ALBERTA EDMONTON CALGARY Greater Paddle River Core Area (150 Net Sections of Land) Potential for Strategic Joint Venture Partnerships 3 Key Resource Plays for…
PADDLE RIVER OSTRACOD OIL: Type Well Economics TYPE CURVE ASSUMPTIONS Capital cost (M) 3,500 Estimated EUR (Mboe) 302 F&D cost (/Boe) 11.61 1 Netback (/Boe) 40.81 Recycle ratio 3.52x IP30 (Sales Boe/d) 377 60% oil + ngls…
ARGENTINA PROPERTIES: Premium Player In Argentina Overview Northwest Basin Madalena currently holds interests in 14 exploration and production contracts/concessions in Argentina comprising 1,000,000 net acres Unconventional Shale &…
Resource Opportunity: Vaca Muerta Shale Vaca Muerta Shale: Thickness 500m Progressively deeper & thicker from east to west in the basin Thickness 1000m with the inclusion of the overlying Quintuco Madalena expects that the Vaca…
COIRON AMARGO: The Eagle Ford of the Neuquen Basin Feb. 7, 2012 (Reuters): YPF discovers 1 billion Boe at Loma La Lata Petrobras Argentina / Total SA announce new Vaca Muerta over 428 km2 area (5.6 MMBoe/section) in the Vaca Muerta…
Resource Opportunity: Lower Agrio Shale Present at Curamhuele and Cortadera The Lower Agrio cycle began with a marine flooding event that created good source rock in the centre of the basin Remainder of the cycle predominately…
CURAMHUELE: Significant Recent Offsetting Activities for both Agrio Shale & Vaca Muerta Shale Offsetting activity by leading international EL TRAPIAL (CHEVRON) August 14, 2014 YPF operators including ExxonMobil, YPF, announces very…
Resource Opportunity: Mulichinco Tight Sandstone Prospective at Curamhuele and Cortadera Liquids-rich gas bearing tight sand play Rapid thickening ( 200 m) of the Mulichinco on the Curamhuele and Cortadera blocks Significant…
SHALE PLAYS: Unconventional Resource Report Highlights Multi-Billion Barrel Opportunity on Madalena acreage Ryder Scott conducted a resource evaluation across three of Unlocking the International Prize Madalenas blocks in the Neuquen…
MADALENA: Proving up the Unconventional & Tight Sands Advancing a delineation strategy in the Unconventional shales Budgeted and rig scheduled projects VACA MUERTA Coiron Amargo CAS.x.15 multi-frac or large frac completion Coiron…
COIRON AMARGO NORTH: Implementing Horizontal Technology; Light Oil Conventional Development SIERRAS BLANCAS HORIZONTALS EXCEEDING EXPECTATIONS Very strong initial production at CAN-15(h) & CAN.xr-2(h) CAN-15(h) tested at rates up to…
COIRON AMARGO NORTH: Horizontal Performance 8 Offsetting Sierras Blancas Horizontal Wells Historical Oil Production X X CAN.xr-2(h) Best Well in play O O CAN-15(h) Above Average 1,000 X X O X O X CAN.xr-2(h) 140 Mbbls (180…
Coiron Amargo Conventional: High Impact Sierras Blancas Horizontals Budgeted and rig scheduled projects for 2014 SIERRAS BLANCAS HORIZONTALS CAN-18 (h) Horizontal close to existing vertical wells currently drilling build section…
PUESTO MORALES: Loma Montosa Resource Play Tight Dolostone Good well control as original deeper Sierras Blancas wells have drilled through the zone TVD approximately 1100 m Northern end of the field is gas, southern portion…
PUESTO MORALES: Loma Montosa Horizontal vs. Vertical Oil Bbls/d Next steps, longer Hz and more frac stages 1,000 Estimated 300 Mbbl Type Curve 100 PMN-1117 (Hz) 500 m Hz with 5 fracs Proved up concepts 10 PMN-1094…
Puesto Morales: Development Opportunities Budgeted and rig scheduled projects for 2014 LOMA MONTOSA RECOMPLETIONS Complete Loma Montosa in four existing wellbores Approximately 500,000/recompletion Prepare for increased activity…
NORTHERN ARGENTINA: Conventional Oil Production with Exploration Upside Overview El Chivil Palmar Largo 17 wells have cumulative production of 40 MMBbls Palmar Largo Surubi (Proa structure) Proa-2 well has produced 1MMBls in 18…
VALLE MORADO: Significant Structure - Confirmed Gas Overview Madalena is the operator with 97% W.I. Salta VALLE HIPOLITO YRIGOYEN EL TABACAL )50 MORADO The contract for this block expires in 2034 with no outstanding work…
MADALENA: Capital Budget Summary Capital Spending July Dec 2014 Approved Budget CDN 36 MM CANADA Paddle River - Two Ostracod development multi frac horizontal wells for quick production adds Exploration well to meet flow-through…
MADALENA (MVN TSX-V): Summary of Balanced Business Strategy Balanced Value Creation in Argentina and Canada Strong balance sheet, debt free, leverage potential Projected growth to 5,200 5,400 Boe/d 2014 exit rate Canadian Assets…
APPENDIX: Additional Supporting Information MANAGEMENT AND BOARD OF DIRECTORS PRO FORMA RESERVES AND LAND ARGENTINA SHALE BASINS WORLD CLASS VACA MUERTA VS U.S. BASIN SHALE PLAYS YPF VACA MUERTA PRODUCTION GROWTH OCTOBER 2014…
PRO FORMA SUMMARY: Reserves, Land & Resources MADALENA PRO FORMA ASSET ACQUISITION MADALENA 1 ACQUISITION ADJUSTMENTS PRO-FORMA ACCRETION/DILUTION PROVED -Dec 31, 2013 OIL & NGL (Mbbls) 1,350 4,248 (612) 4,986 182% GAS (MMcf) 8,032…
EIA: Argentinas World-Class Shale Potential June 2013 EIA Released Updated World Shale Oil & Gas Assessment Argentina has 4th largest technically recoverable shale oil resource in the world Behind only Russia, USA & China 3X…
VACA MUERTA VS US SHALES: Comparison m 0 250 500 Shale Thickness 750 1,000 Oil Shales Gas Shales Vaca Muerta Shale Vaca Muerta Shale Madalenas Coiron Madalenas Cortadera Shale Comparisons Amargo Area Eagle Ford…
VACA MUERTA SHALE GROWTH: YPF & partners showing positive results Development to date dominated by vertical wells YPF (and other Major E&Ps) starting to drill multi-frac horizontals in the Vaca Muerta Shale Source: YPF Vaca Muerta…
READER ADVISORIES Coiron Amargo Discovered Petroleum Initially In Place (1) (net to Madalena) Coiron Amargo Undiscovered Petroleum Initially In Place (1) (net to Madalena) Oil, NGLs and Natural Gas at December 31, 2012 Oil, NGLs and…
READER ADVISORIES Notes To Disclosure of Resources: (1) Total Petroleum Initially In Place means DPIIP + UPIIP. When calculating DPIIP, there is no material production or reserves associated with these properties. Contingent resources…
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