Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (April 2016)
23 slides from Petro River Oil's investor presentation, Apr 12, 2016
Slide 1: Petro River
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Slide 2: Forward-Looking Information
petroriver Forward-Looking Information involve estimates, assumptions, sks and uncertainties, ncusing, ‘whut itaton ik 10- is inausty, bert this presentation te “expects believes, "anticipates, "projects" and simlar phrases. 10 resouee, c unbookes resources, 01 10.2, website at wi see gov 2 oTcas:PT
Slide 3: Corporate Strategy
Corporate Strategy petrotiver LOW-RISK STRATEGY WITH DIVERSE ASSETS FOR FLEXIBLE DEVELOPMENT PROFITABLE AT LOW OIL PRICES. OUR PROJECTS ARE TARGETING F&D COSTS BELOW $10 PER BBL. Safe Jurisdictions - Historic Fields - Focused Exploration Conventional Drilling - Low-Cost - Modern 3D Seismic P A Econo
Slide 4: Unique Corporate Structure
Unique Corporate Structure Benefits to Petro River Shareholders Strategic Partnership with Proven Operators + Exposure to projects which typically would only be available to major and large independent energy companies + Access to Horizon’s technical and operational team that has managed large domes
Slide 5: Management
Management petroriver Petro River en Stephen Brnner executive Chairman Technology & Geophysical Advisor Co ‘ahedge hye, UC Batley fund with peak AUM over $400M now Sanch z Founder of Towne aptal Opportunity Partners Baker Hughes tia dna neues rare sold in 2007 for $3.78 enable Petro River to optimiz
Slide 6: Petro River Portfolio
Petro River Portfolio petroriver Development & Appraisal Un Rises Potent Un-Risked Potential Petro River Direct | Recoverable Resources (on Project Location “00% Wh PearsoniaWest Osage County, OK Working Interest Grepevine KemCounty.CA—«.000acres 0% Na 01M bie sunt ois KemCounty | KemCounty.CA7,000a
Slide 7: Petro River Portfolio
Petro River Portfolio v petroriver Development Risk <— Lowest Risk <——— = Highest Risk ——>>| €— Lowest Risk € > Highest Risk ——> Geological / Asset Risk Tame, Northern Ireland Dorset, England Offshore Denmark
Slide 8: Plans in 2016
Plans in 2016 Project Pearsonia West Larne Basin Kem County Grapevine Dorset Offshore Dorset Onshore Denmark Offshore Total oTcas:PTRC Funded Work Program 8D Seismic Interpretation Drill 1 well ‘Acquiring new 3D seismic; Drill 1 well Acquiring new 3D seismic; Drill 1 well Drill 1 Well No Activity Ge
Slide 9: Pearsonia West — Osage County, OK
Pearsonia West — Osage County, OK cahonit ; _ » j e Location Osage County, Oklahoma : Working Interest 94% Controlled by Petro River Mineral Rights ‘Single mineral rights owner; 78% NRI ‘OSAGE COUNTY Geophysics 36 sq, miles of existing 3D Seismic = data Pearsonia Field - 7,700,000+ BOE Enfisco - 1,2
Slide 10: Pearsonia West — Osage County, OK
Pearsonia West — Osage County, OK cahonit Low-risk opportunity in a prolific oil-producing basin. Known Production Excellent Data Conventional Play SLE erect . ‘Abundant Historical , Ollldiscovered inthe: Geological & Drilling Sheliow: Staion $200-300k per Well 1890s ae Forward Drilling + EURs range
Slide 11: Kern County, CA
Kern County, CA petroriver Kern County Facts Location Kem County, Calfomia Size 7,000 acres Working interest Horizon ~ 27.5% Petro River - 13.75% Geophysics ‘Acquiring new 20 sq. miles of 3 Seismic survey 2016 Work Pian Edison Field ~ KERN COUNTY Kern River — 2,189 MMBOE Fruitvale ~ 127.3 MMBOE Palo
Slide 12: Kern County, CA
Kern County, CA Schein Situated in one of California's oldest and most productive oil-bearing regions, PTRC’s technical ‘over 10 billion bbls caners ‘ot new modem 30) produce + Most wells drilled prior to Seismic data will define + Area is home to 4 of 10 1975 ‘new opportunities largest onshore cil
Slide 13: Grapevine — Kern County, CA
Grapevine — Kern County, CA petroriver Work Completed Historical Work 2016 Activity oTcas:PTRC Kern County, California 9,000 acres 50% - Horizon Acquiring 27 sq. miles of 3D Seismic data $25 milion by prior operator on land, seismic, geophysical, and drilling Geological studies; 3D Seismic Repovessi
Slide 14: Grapevine — Kern County, CA
Grapevine — Kern County, CA einer Asi acquired rms joked Dy Forme ee Significant Oil Potential). Dring Program in Place Discovery Well Lost UntestedArees Could otzon & indua te Yield an Additonal 4omm —WoFizan& Industry Opportunistic Play Due to Mechanical Failure + Initial well drilled by $25M prio
Slide 15: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland petroriver Larne Basin, Northern Ireland 130,000 acres. 9% - Petro River 16% - Horizon Acquisition of 400 sq. km of 2D Seismic Work 2D Seismic acquisition and Completed interpretation Historical Work None 2016 Activity Initial 6,000 ft onshore well being drilled in May
Slide 16: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland petroriver Europe's carboniferous basins have long been prolific sources of hydrocarbons and characterize many of the fields in and around the North Sea. The Larne Basin is prospective but virtually unexplored. Why Underexplored?, ‘Onshore, Shallow Modern Seismic to Dep
Slide 17: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland Schein High Price Paid for To Confirm an Active, Favorable Fiscal i Favorable Location Domestic Hydrocarbons ature Petroleum System No royalty, low taxation + Shallow wells + Electricity and heating in + Woodburn Forest #1 Well Low politica risk compared .ccessible Nort
Slide 18: Corporate Summary
Corporate Summary petroriver ‘As one of the only junior energy companies with a healthy cash balance and no debt, Petro River is in a Ticker OTCBB: PTRC Price (4/1/2016) $2.85 Shares Outstanding 43M Market Capitalization $12.3M Cash $5.1M Working Capital $23.4M Debt $0.0M Deets —Jan46—Feb-1G Feb Mar
Slide 19: Corporate Timeline
Corporate Timeline petroriver January 2014 Petro River rises $6.5M from Perl Lake Holdings, October 2015 Enteredinto JV with Forts November 2015 Stephen Brunner pine Peto River as President extensive Condtonl gprovalio pit tote NSE ae tothe countrys ollang gas industry. ‘Osage County, OK Phase | Dni
Slide 20: Key Takeaways
Key Takeaways penne LOW-RISK STRATEGY WITH DIVERSE ASSETS FOR FLEXIBLE DEVELOPMENT OPTIMIZED FOR <$20-$30 OIL TO CREATE SHAREHOLDER VALUE Safe Jurisdictions - Historic Fields - Focused Exploration Conventional Drilling - Low-Cost - Modern 3D Seismic P A Economic at Self-Funded low prices No debt Int
Slide 21: Petro River contact details
petroriver Petro River Oil Corp 55 Fifth Avenue, Suite 1702 4582 Kingwood Drive, Suite E, Box 521 oTcas:PTRC New York, NY 10003 Kingwood, TX 77345 Phone: 469-828-3900 Email: ir@petroriveroil.com www. petroriveroil.com
Slide 22: Dorset - Onshore/Offshore, England
Dorset - Onshore/Offshore, England petoriver The Dorset project is south of and adjacent to the giant Wyich Farm oil field, the largest onshore oil field in Westem Europe, which has approximately 500 MM bbls of oil and 175 bef of natural gas since frst production in 1979 7 wols previously died witin
Slide 23: Denmark - Offshore, Denmark
Denmark - Offshore, Denmark petoriver In total, the license award areas comprise approximately 1,900 square kilometers Offshore Denmark is a prospective, underexplored cil basin on trend with major oll and gas fields offshore in Norway and the United Kingdom. ‘The identified leads on the awarded lic