Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (July 2013)
18 slides from Petro River Oil's investor presentation, July 2013
Slide 1: The Real Energy Comes from Our People
The Real Energy Comes from Our People OTCBB:PTRC WWW.PETRORIVEROIL.COM July 2013
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 including, without limitation, expectations, beliefs, plans and objective
Slide 3: Petro River Oil Overview
Petro River Oil Overview • Proven management team with demonstrated track record of operational excellence, capital discipline and acquisition expertise People • Innovative, value driven culture that leverages technology and expertise to lower cost structures and improve netbacks • Committed to rate
Slide 4: Development Plan
Development Plan • Acquisition of Metro Energy Group assets in emerging area • 20,000 acres in the Mississippi Lime Phase I • 60 sq mi. Proprietary 3D seismic (Complete) • Producing Mississippi Lime wells • Associated infrastructure • Expansion of acreage position and initial testing • Bui
Slide 5: Leadership Team
Leadership Team • Over 20 years experience in institutional asset management • Founder and Managing Partner of Iroquois Capital Opportunity Fund, private equity fund focused on North American E&P Executive Scot Cohen • Manager of several operating and non-operating partnerships which Chairman invest
Slide 6: Mississippian is a Premier US Oil Play
Mississippian is a Premier US Oil Play OTCBB:PTRC WWW.PETRORIVEROIL.COM 6
Slide 7: About the Mississippian
About the Mississippian • Predominately oil and liquids production • High permeability, shallow carbonate reservoir • ~17,000 vertical and ~1,400 horizontal well data points • Play has produced hydrocarbons since ~1896 • Average 275 Boe/d IP, 456 Mboe EUR and 80% IRR • Rigs abundant and only require
Slide 8: Current Petro River Lease Position
Current Petro River Lease Position • 115,000 gross / 85,000 net acres in East Kansas Mississippian • 100% operated • 3 to 5 year primary term leases with extensions (all leased in 2012) • ~60 sq. mi. proprietary 3D seismic • Potential for over 2,400 vertical and 600 horizontal drilling locations • S
Slide 9: Nemaha emerging as the sweet spot
Nemaha emerging as the sweet spot Industry leaders SandRidge, Chesapeake, Shell, Unit and Range leasing to the Nemaha where Petro River’s acreage is positioned OTCBB:PTRC WWW.PETRORIVEROIL.COM 9
Slide 10: Excellent Data is Key to Success
Excellent Data is Key to Success Over 37,000 wells have been drilled in the counties surrounding Petro River Oil’s acreage. Our geological and geophysical team are evaluating our extensive data set of conventional logs and proprietary 3D seismic, generating a significant number of drilling targets.
Slide 11: Projected Vertical Well Performance
Projected Vertical Well Performance Metrics • $635,500 completed well cost including allocated disposal well and infrastructure • $80 oil, $4.00 gas, $1600/month fixed plus $5/bbl oil lease operating expenses • See Appendix B for supporting economic run, assuming $80 oil IP Peak Drill bit Reserves C
Slide 12: Accelerating Value through JVs
Accelerating Value through JVs Petro River is in discussions with third parties about possible joint venture funding. This has proved a successful financing model with a number of operators in the Mississippian and other plays across the United States. Key Benefits: • De-risk early stage capital inv
Slide 13: Missouri Assets
Missouri Assets In addition to its Mississippian Lime acreage in Kansas, Petro River also has a core position in an exciting heavy oil play developing in Missouri. Shallow, heavy oil in western Missouri and eastern Kansas is well known and documented. Wells have been drilled throughout western Misso
Slide 14: Missouri Infrastructure
Missouri Infrastructure Petro River has extensive infrastructure in place including two production facilities each capable of handling 1,000 barrels oil per day (bopd). Total production peaked at over 300 bopd. OTCBB:PTRC WWW.PETRORIVEROIL.COM 14
Slide 15: Kentucky Assets
Kentucky Assets Petro River also has a core position in western Kentucky. Tar Sand deposits have been recognized as a potentially significant mineral resource since the middle of the 19th Century. This area is estimated to contain three billion barrels of oil regionally. Exploration and development
Slide 16: Heavy Oil Solutions
Heavy Oil Solutions Petro River has extensive studies and pilot project data related to Heavy Oil solutions and methods of recovery. Projects are planned to implement unique recovery techniques that have shown pilot project success. OTCBB:PTRC WWW.PETRORIVEROIL.COM 16
Slide 17: Petro River Oil Capitalization
Petro River Oil Capitalization Key Metrics Common Stock ~737 mm Former Petro River Oil LLC Investors 1 591 mm Former Gravis Notes and Preferred 2 116.5 mm Former Gravis WI converted to equity 2 15.5 mm Former Gravis Equity holders 3 14 mm Market Cap (7/1/13) $295 mm Debt Nil Cash ~$5.5 mm Acreage (G
Slide 18: Veterans' Initiative
Veterans’ Initiative Petro River Oil is committed to funding training and hiring veterans. We have teamed up with the National Foundation for Veteran Redeployment (NFVR) which is a 501(c)3 charitable organization sponsored by domestic oil and gas companies. NFVR’s mission is to impact veteran unempl