Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (June 2019)
22 slides from Petro River Oil's investor presentation, June 2019
Slide 1: Corporate Presentation June 2019: Diversified Global Explorers
CORPORATE PRESENTATION JUNE 2019 OTCBB: PTRC WWW.PETRORIVEROIL.COM Diversified Global Explorers 1
Slide 2: Key Statistics
KEY STATISTICS Petro River Oil focuses on high rate-of-return assets by utilizing modern 3D seismic imaging to discover overlooked oil reserves. Stock Symbol Price (5/1/2018) Shares OTCBB: $0.34 26.85Outstanding $9.13 $0 PTRC MM MM Stock Stock Price Shares Market Debt Symbol (6/3/19) Outstanding* Ca
Slide 3: Petro River Is Different
Petro River Is Different Microcap E&P with No Debt Exposure to California and Oklahoma Reserves Multiple Foreign Exploration Projects 100% Conventional. Profitable at $30 per barrel of Oil. Exposure to No Horizontal or Multiple Foreign Shale Drilling. Projects Exploration & Reduce Development in Exp
Slide 4: Corporate Strategy
Corporate Strategy We pursue scalable, repeatable and lucrative drilling programs in shallow, proven oil and gas basins. 01 Acquire Contiguous acreage blocks in portions of proven oil and gas basins. 02 Explore Utilize modern 3D Seismic technology to identify low-cost and high-return prospects, part
Slide 5: Company Highlights
Company Highlights Focus Proven Management Team Experienced and seasoned management International Exploration team. Petro River owns an interest in an offshore U.K. North Sea exploration project through its ownership in Horizon Energy Partners, LLC (“Horizon Energy”) and Strong geoscience and engine
Slide 6: Portfolio Snapshot
Portfolio Snapshot North Sea, United Kingdom Offshore Denmark Total Acres: 600,000 Total Acres: 150,000 Grapevine, Kern County, CA 1,500 Acres Mountain View, Kern County, CA 5,750 Acres Pearsonia West Osage County, OK Total Acres: 87,740 6
Slide 7: International Exploration: North Sea
International Exploration: North Sea 7 7
Slide 8: Why the North Sea?
Why the North Sea? The History • Over 50 billion barrels of oil and 125 trillion cubic feet of gas produced since the late 1960’s. • Compared to the Gulf of Mexico, the North Sea is not a mature basin. • Lack of existing 3D seismic data opens possible unevaluated opportunities. • Relatively low leve
Slide 9: North Sea Assets: United Kingdom
North Sea Assets: United Kingdom Background • Horizon Energy and Horizon Acquisition have substantial interest in multiple licenses in the North Sea U.K. Petro River owns a 14.5% stake in Horizon Energy, and a 14.5455% interest in Horizon Acquisition. Ardent Oil Ltd, a U.K. based team, is directing
Slide 10: North Sea Assets: The Jarnsaxa Prospect, Denmark
North Sea Assets: The Jarnsaxa Prospect, Denmark Current Opportunity • Naturally fractured basement play, analogous to the recent major discoveries made by Hurricane Energy plc west of the Shetland Islands in the U.K. • The Jarnsaxa prospect is over 200 square kilometers in size with world class oil
Slide 11: Domestic Assets: California
Domestic Assets: California 11 11
Slide 12: Kern County, California
Kern County, California Home to 4 of the 10 Largest Oil Fields in the U.S. The Landscape The San Joaquin Valley is home to twenty-one giant oil fields, which have each produced over 100 million barrels of oil, and four super giant fields, which have produced over one billion barrels of oil. All supe
Slide 13: Horizon Energy Partners
Horizon Energy Partners Horizon has substantial working interests in two project areas with large oil and gas lease positions operated through wholly owned subsidiaries and a knowledgeable and experienced geoscience and engineering team. Grapevine Project • New 24 square-mile 3D survey acquired and
Slide 14: Grapevine Project, Kern County, CA
Grapevine Project Kern County, CA Zone of Interest Stevens Sandstone in a regional sub-basin that has produced over 150 million barrels of oil. Horizon Working Interest 33.75% owned by Horizon through Grapevine Energy, LLC, a wholly owned subsidiary of Horizon and operator of the project. 2019 Produ
Slide 15: Mountain View Project, Kern County, CA
Mountain View Project Kern County, CA Zones of Interest The Mountain View field contains multiple Miocene and Pliocene sandstones and has produced over 90 million barrels of oil and 100 billion cubic feet of gas since the initial discovery in 1933. Horizon Working Interest 42.25% owned by Horizon th
Slide 16: Domestic Assets: Osage Oklahoma
Domestic Assets: Osage Oklahoma 16 16
Slide 17: Pearsonia West: Facts
Pearsonia West: Facts Location Osage County, Oklahoma. Size 87,740 gross contiguous acres. Working Interest 75% Controlled by Petro River. Mineral Rights Single mineral rights owner; 76% Net Revenue Interest to 8/8ths. 2019 Drilling & Exploration Plan Development of 10 wells in the Pearsonia West co
Slide 18: Why Osage?
Why Osage? Our land is rich with history, and oil. Low Cost Drilling Prolific Basin Development and production Over 200 million BOE have been produced from costs of approx. $200,000 per well. historical vertical production adjacent to our concession area. New Data Field Discoveries Additional Potent
Slide 19: Pearsonia West - Osage County, Oklahoma
OUR CONCESSION Pearsonia West - Osage County, Oklahoma 19
Slide 20: Development Plan – Single Well Economics
Development Plan – Single Well Economics TO PETRO RIVER’S 75% INTEREST Assumptions Oil Price ($/bbl) 65.00 Gas Price ($/mcf) 2.29 Monthly Lease Operating $1,150 Expense per well N. Blackland Field Cashflow Cap Ex 1.5 YR 3.5 YR 5.5 YR Life of Well IRR N/A 75% WI-Bandolier (187,500) $533,430 $774,065
Slide 21: Now is a Great Time to be a Shareholder of Petro River
Key Takeaways Now is a Great Time to be a Shareholder of Petro River Diverse Conventional Portfolio with low risk and low cost operating areas Cash Flow Positive Fully Funded New 10 Pearsonia West Operations in Well Program in Osage County recoverable resources Osage County, of 6MM barrels of oil. O
Slide 22: 55 Fifth Avenue, Suite 1702, New York, NY
55 Fifth Avenue, Suite 1702 New York, NY 10003 (469) 828-3900 ir@petroriveroil.com OTCBB: PTRC petroriveroil.com 22