Slide 1: Corporate Presentation April 2020
CTA (TSXV); CTARF (OTC) APRIL 2020
Slide 2: Forward Looking Statements/Information
Forward Looking Statements/Information Certain statements contained in this presentation of Centaurus Energy Inc. ("Centaurus" or the "Corporation") constitute forward-looking statements or information (collectively "forward-looking statements")within the meaning of the "safe harbour“ provisions of
Slide 3: Overview
OVERVIEW NOROESTE BASIN Centaurus holds properties in four provinces in Argentina where it has a dual prong strategy with a non-operated strategy in the Vaca Muerta play, and an operated strategy in its conventional production. The company is implementing horizontal drilling and completions technolo
Slide 4: Value Creation Principals and Focus on Shareholder Value
VALUE CREATION PRINCIPALS AND FOCUS ON SHAREHOLDER VALUE Geographic Focus Focus on KnownBasins Overlooked Assets Low Entry Cost High Working Interests Focus on areas in which Increase prospectivity by being on Upside potential in overlooked Manage capital commitments High working interests and we ha
Slide 5: Growth Plan
GROWTH PLAN Efficient and Focused 3 Year Target Targeting efficient production growth through diversified assets well suited to Centaurus 50% CAGR management. Lean and Focused Financial Footing Efficient Growth Management Improving • Restructuring in 2020 introduced Maglan team, • Access to project
Slide 6: Execution
EXECUTION Leveraging Quality People & Assets 2020 Increase Production • Growth in Vaca Muertapilot programin CASE 2018 Acquisition of Additional Producing Assets • Continue to improve financial position to fund operations and investment 2017 • Complete acquisition of additional production asset(s) -
Slide 7: Alignment of Interests & Commitment
ALIGNMENT OF INTERESTS & COMMITMENT An Experienced Management Team Long-term History of Investment in the Company: • Maglan Capital has a long history of investment in Centaurus, predating previous management team • Maglan Capital has been Centaurus’ largest investor for a number of years Cost and c
Slide 8: Focus on Argentina
FOCUS ON ARGENTINA Focused Small-to-Mid-Cap Exposure World-class Oil and Gas Resource: Attractive Investment Environment: Demonstrated by presence of super-majors and NOCs Gradualist economic and fiscal policies yielding mixed results complemented by existing conventional production with significant
Slide 9: Reserves
RESERVES 1 Growing Liquids Reserves Volumes & Value 2019 Gross Year-End Reserves Tight Crude Oil Year-End Gross Reserves Volumes by Product Type Volumes(mm bbl) 20 20 % increase over Dec 31,2018 +105% 18 18 16 16 14 14 12 12 +178% 10 10 8 8 6 6 4 4 +172% 2 2 0 0 1P 2P 3P Ti gh t Cr u d e Li gh t & C
Slide 10: Reserves
RESERVES 1 Growing Liquids Reserves Volumes & Value 1 Net to Centaurus’ working interest, as per the independent reserve report prepared by GLJ Petroleum Consultants effective Dec. 31, 2019 TS X - V : CT A | 10
Slide 11: Production & Guidance
PRODUCTION & GUIDANCE Distribution by Block TS X - V : CT A | 11
Slide 12: Asset Overview
ASSET OVERVIEW Multiple Blocks in Two Basins Block W.I. Operator Net Acres Province/Basin Valle Morado1 97% Centaurus 47,425 Salta/Noroeste Santa Victoria1 100% Centaurus 516,846 Salta/Noroeste El Chivil 100% Centaurus 30,394 Formosa/Noroeste Surubi 85% Centaurus 77,200 Formosa/Noroeste Palmar Largo
Slide 13: Why Argentina
WHY ARGENTINA A Unique Opportunity Argentina has second largest technically recoverable shale gas resource in the world • Behind only China • 1.2X greater than USA • 1.4X greater than Canada TS X - V : CT A | 13
Slide 14: Vaca Muerta
VAC A MUERTA Exposure to one of the World’s Largest Shale Plays1 Exposure to one of the World’s Largest Shale Plays1 • Thickness generally ranging from 100 metres to 500+ metres • Progressively deeper & thicker from east to west in the basin • The Vaca Muerta is oil prone at Coiron Amargo • Centauru
Slide 15: Vaca Muerta Shale
VACA MUERTA SHALE Play Trends Replicating Early US Shale Growth Rates 100 Rapidly Rising Production Oil m bbl/d 10 2018-2019 Non-conventional production growth 1 0 Oil Natural Gas 0 +59% +71% 0 140 1,400 MM 2019 2018 120 1,200 Gas mm scf/d 100 1,000 1,000 Gas mm scf/d Oil m bbl/d 100 80 800 10 1 60
Slide 16: Vaca Muerta Recent Developments in Southern Neuquen
Vista – Bajada Del Palo VACA MUERTA - Bajada del Palo Oeste 4 wells 2500 m lateral length started production Recent Developments in Southern Neuquen Wintershall - Aguada Federal Shell - Cruz de Lorena & Sierras Blancas - Dec. 23, 2015 (Wintershall website) - Aug 26, 2015 (Buenos Aires Herald) - Incr
Slide 17: Coiron Amargo Sur Este
COIRON AMARGO SURE ESTE Vaca Muerta “Oil Sweet Spot” Position Operated by Pan American Energy(PAE) • Prime Vaca Muerta acreage Multi-well drilling and fracking program starting in 2019 • PAE is owned by Bridas and BP, and is Argentina’s second-largest oil producer • For Centaurus’ CASE CapEx obligat
Slide 18: Coiron Amargo Norte
COIRON AMARGO NORTE Vaca Muerta “Oil Sweet Spot” Position Operated by Vista Oil & Gas • Conventional : Light Oil Production from historic drilling of Sierras Blancas Formation, Ongoing Development of conventional gas • Unconventional: Long-term Vaca Muerta Upside potential • 35% WI – Non-Operated co
Slide 19: Vaca Muerta Shale – Core Area
VACA MUERTA SHALE – CORE A REA CASE & Area Well Results 5,000 CASE-401(h) IP30 CASE-301(h) IP30 Daily oil production [b/d] CASE-501(h) CASE-101(h) 500 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Months GLJ Resource Type Curve (P50, 1500m horizontal) CASE-101(h) CAS.x-14 COIRO
Slide 20: Curamhuele
CURAMHUELE Exploration Block – Stacked Resource Pays Chevron OffsetActivity: • Chevron is planning an 8 well appraisal program in 2018 in El Trapial Filo Morado adjacent to Curamhuelewith an estimated capex investment of $200 Ch.x-1 million (S&PPlatts) El Trapial Yp.x-1 &Yp.x-1001 Opportunities: • L
Slide 21: Noroeste Basin
NOROESTE BASIN Operated Conventional Production Palmar Largo - (100% Operated - Oil Producing):17 wells have cumulative production of > 45 MMBbls Surubi - (85% Operated – Oil Producing): Proa-2 well has produced > 1.5 MM Bbls in 5 years El Chivil - (100% Operated – Oil Producing): Geological feature
Slide 22: Leadership
LEADERSHIP David D. Tawil - Director, Interim CEO Mr. David Tawil is a co-founder of Maglan Capital, an event-driven fund, and has served as President since its founding in 2009. Prior to founding Maglan Capital, Mr. Tawil was an investment banker with Credit Suisse, where he served as Director of L
Slide 23: Advisories
A D VIS OR IE S Barrels of Oil Equivalent All calculations converting natural gas to barrels of oil equivalent ("boe") have been made using a conversion ratio of six thousand cubic feet (six "Mcf") of natural gas to one barrel of oil, unless otherwise stated. The use of boe may be misleading, partic
Slide 24: TS X - V : CT A | 24
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