Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (February 2016)
26 slides from Petro River Oil's investor presentation, February 2016
Slide 1: Corporate Presentation
Corporate Presentation February 2016 OTCBB : PTRC WWW.PETRORIVEROIL.COM OTCBB : PTRC 11
Slide 2: Forward-Looking Information
Forward-Looking Information 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 objectiv
Slide 3: Unique Strategy
Unique Strategy Capitalizing on energy downturn to participate in highly prospective and prolific oil & gas plays Low-risk strategy with Acquisition and service costs application of modern APPLYING 3D ENTERING PLAYS Financial areFlexibility down 30-40% with seismic analysis on SEISMIC AT ATTRACTIVE
Slide 4: Corporate Summary
Corporate Summary Capitalization Ownership Scot Cohen 11% Petrol Lake Ticker OTCBB: PTRC Holdings 10% Public Float 35% South Ferry Building Price (2/5/2016) $2.65 Company 11% RSL Capital 3% Iroquois Capital Opportunity Shares Outstanding 4.3M Norman Stark Fund 7% 5% Iroquois Master Fund Fortis Oil &
Slide 5: Senior Leadership Team
Senior Leadership Team Scot Cohen, Executive Chairman § 20+ years experience in institutional asset management § Founder and Managing Partner of Iroquois Capital Opportunity Fund, a North American energy-focused PE fund § Founder of Iroquois Capital, a hedge fund with peak AUM of $300M § Successfull
Slide 6: Recent Developments
Recent Developments Petro River is poised for growth with its unique portfolio of prospective assets November 2015 December 2015 Stephen Brunner Petro River October 2015 joins Petro River as acquires Horizon I President Investments* Entered into JV with $5.1M, with Fortis Energy completes May 2015 f
Slide 7: Corporate Summary Core Assets
Corporate Summary Fully funded to complete initial development of portfolio assets Core Assets Pearsonia West Concession – 106,500 contiguous acres located in Osage 1 County, Oklahoma 2 Larne Basin Northern Ireland – 12.2% working interest (9% direct, 3.2% indirect), drilling commencement in Q2 2016
Slide 8: Pearsonia West Concession
Pearsonia West Concession Pearsonia West A low-cost development asset in a prolific hydrocarbon basin Concession Pearsonia West at a Glance Location Osage County, Oklahoma Size 106,500 contiguous acres Working Interest 100% (50% Petro River ownership) Mineral Rights All by Osage Tribe 2016 Drilling
Slide 9: Vertical Drilling at Pearsonia West
Vertical Drilling at Pearsonia West Re-processing 3D seismic data over 36 square miles – new core analysis has identified new reservoirs § Seismic surveys have identified 12 structural closures, which are ideal for locating and drilling vertical wells § Technical team has selected multiple structure
Slide 10: Pearsonia West: 2016 Objectives
Pearsonia West: 2016 Objectives Developing a vertical program is low-cost and economically profitable in low-price energy environments § Current geophysical efforts include Acreage reprocessing of proprietary 3D seismic data § Vertical exploration is shallow (less than 3,000 feet) and drilling costs
Slide 11: Horizon Energy Partners
Horizon Energy Partners Petro River’s 20% investment in Horizon Energy provides access to a premium portfolio of assets Horizon Energy is a private oil and gas company with a portfolio of domestic and international exploration and development assets. Horizon Energy was Horizon founded by senior oil
Slide 12: Horizon Energy Portfolio
Horizon Energy Portfolio Horizon Petro River Energy Direct Un-Risked Potential Working Working Resources Project Location Acreage (gross) Interest Interest (bbls for 100% WI) Notes Northern Initial well to commence Larne Basin 130,000 16% 9% ~1 BN Ireland drilling in April 2016 Acquiring new 3D Kern
Slide 13: Horizon Portfolio Project Locations
Horizon Portfolio Project Locations Horizon has assembled a diversified mix of projects – both domestic and international – in very stable jurisdictions Offshore, Denmark Larne Basin, Northern Ireland Dorset Onshore/Offshore, England Mountain View, CA Grapevine, CA OTCBB : PTRC WWW.PETRORIVEROIL.COM
Slide 14: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland Larne Basin is the only unexplored Carboniferous Basin in Europe Larne Basin, Northern Ireland Larne Basin Acreage Location Larne Basin, Northern Ireland Size 521 sq. km (~130,000 acres) Working Interest 16% - Horizon 12.2% - Petro River (9% direct, 3.2% indirect) Work
Slide 15: Larne Basin
Larne Basin Finding oil traps with integrity § Woodburn Forest #1 will be drilled onshore to a depth of 6,000 feet to test entire sequence of petroleum structures, including the Carboniferous source § The well has prospective, un-risked recoverable resources in excess of 30 MM barrels § After drilli
Slide 16: Larne Basin: Why Larne?
Larne Basin Why Larne? Project Advantages Details 1. Low cost exploration and development Onshore and offshore shallow conventional targets with good reservoir quality 2. Unexplored potential for large structures Large hydrocarbon traps clearly identifiable with modern seismic data 3. Minimal enviro
Slide 17: Mountain View, California
Mountain View, California Participating in the re-development of a large & prolific oil field Mountain View, California Project Area Location Kern County, California Size 6,000-7,000 acres Working Interest 27.5% - Horizon 19.25% - Petro River (13.75% direct, 5.5% indirect) Work Completed Assembled l
Slide 18: Mountain View, California
Mountain View, California Applying 3D seismic technology to a historically prolific field § Mountain View has been underexplored Monterey Formation because of past piecemeal development by small, competing companies without the benefit of 3D seismic data § Application of new 3D seismic data expected
Slide 19: Dorset – Onshore/Offshore
Dorset – Onshore/Offshore Located in the migration fairway of the Wytch Farm oil field - Western Europe’s most prolific onshore oil field § The Dorset project is south of and adjacent to South Dorset Area the giant Wytch Farm oil field, the largest onshore oil field in Western Europe, which has prod
Slide 20: Denmark Offshore
Denmark Offshore Horizon holds a 50% interest in four offshore licenses recently awarded to Ardent Oil by the Danish Energy Agency § In total, the license award areas comprise Denmark Location Map approximately 1,900 square kilometers § Offshore Denmark is a prospective, underexplored oil basin on t
Slide 21: Grapevine, California
Grapevine, California A de-risked development project in a prolific oil producing play Grapevine, California Grapevine Location Map Location Kern County, California Size 8,000 acres Working Interest 50% - Horizon Work Completed $25 MM investment by prior operator on land, seismic, geophysical, and d
Slide 22: Grapevine, California
Grapevine, California A de-risked asset with significant resources in place § A significant discovery was made by an Grapevine Location Map independent E&P company in the fall of 2014, but mechanical complications caused the well to be lost § Operator was unable to fund the re-drilling of the discov
Slide 23: Levered Junior Energy Companies
Levered Junior Energy Companies Among energy companies with < $250 MM market caps on North American and London Exchanges, ~385 out of 575 companies are levered Number of Companies by Debt to EV Ratio Capitalization of Levered Junior Energy Companies 250 $223.0 $225.0 200 $200.0 200 $175.0 USD Millio
Slide 24: Unlevered Junior Energy Companies
Unlevered Junior Energy Companies Only 75 energy companies with market caps of $10-250 MM, on North American & London Exchanges, have no debt on balance sheet Companies between $10-250M Market Capitalization Capitalization of Unlevered Junior Energy Companies 30 27 $50.0 $45.6 25 $45.0 25 $40.0 $35.
Slide 25: Summary
Summary Petro River is exploiting the currently weak and capital constrained energy market to create shareholder values • Diversified Portfolio of Assets – Risk mitigation – Development flexibility – Conventional plays • Access to Capital – Pearsonia West & Larne Basin initial financing secured – In
Slide 26: Contact Information
Contact Information Petro River Oil Corp. New York Headquarters Petro River Oil Corp. 55 Fifth Avenue, Suite 1702 New York, NY 10003 Texas Corporate Office Petro River Oil Corp. 4582 Kingwood Drive Suite E, Box 521 Kingwood, TX 77345 (469) 828-3900 ir@petroriveroil.com www. petroriveroil.com OTCBB :
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