Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (May 2015)
20 slides from Petro River Oil's investor presentation, May 18, 2015
Slide 1: Going Vertical: Vertical Drilling Program & Company Update
“Going Vertical” J Vertical Drilling Program & Company Update "May2015 7
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Slide 3: "Going Vertical" Executive Summary
petroriver “Going Vertical” Executive Summary “Ta . ; — Pearsot West asset. Vertical Program Highlights oil from vertical wells Vertical well EURs range 27,000-65,000 bbls black oil Historical production is structurally controlled Cleveland, and Layton Vertical wells are 1/10th the cost of a horizon
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Slide 5: Continue Executing Our Strategy
petroriver Continue Executing Our Strategy Assemble a team of global energy leaders Outline Attractive Development Program Pioneers in geotechnical and Y Wanted the program to focus on vertical ‘operations in the Mississippian Lime. drilling in selected areas Target structures based on predictable g
Slide 6: Executing Our E&P Strategy
Executing Our E&P Strategy db petroriver x1, Former Haliburo January 2014 Jonathan Rudey bins. as Senior Advisor ta Peto River ou orp. _Estrany201s ro River egies‘ considera verte eg rogram for Pearsonia, June 2018 Acquired Spylass Enenty Group LLC and 600 cantgues Corporate Financing ember 2012 ner
Slide 7: What We Have Delivered
petroriver uihat We dave Delivered 106,500 acres, 50% PTRC Ownership DAY Pearsonia West being prepared fr Purchased Pearsonia West hace A 2013 Formalized Concession; Low drilling & °. management 108500 operating costs; team; $6.5 — estication million private wer in in Osge to the U.S. and placement
Slide 8: Vertical Development
i ‘ DeTrOnver Vertical Developmen
Slide 9: Base Single Well Assumptions
Assumptions by ecrorver Base Single Well Assumptions: = & .d $275,000 = Mid EUR at $50 oil is 27.3 mbo = Low EUR at $50 oil is 20.3 mbo = High EUR 1P30 is 36 bopd = Mid EUR 1P30 is 29.6 bopd ® Low EUR IP30 is 24.7 bopd = $1300/month op cost ® No escalations in cost or expenses assumed. “ones pme |||
Slide 10: Drilling Program
Drilling Program various scenarios. Internal Rates of Return Paes ti A Ba) $45 oil 35.9% $60 oil 27.6% 46.0% 72.1% $75 oil 24.0 30.3 38.0 “ores rme ||| wpetrorveroil
Slide 11: Analogous Fields
Analogous Fields World class oil trend Pearsonia — Foraker Structural Lesinelet sis historical vertical production + 20 600+ 2 produced from 6 modern Reine ells 106,500 a mcsive contiguous position 654 concession leases 35 miles existing 3D seismic Ten senicalys ee sical closures 160 sets om land es
Slide 12: Vertical Mississippian Production Analysis
petroriver Vertical Mississippian Production Analysis esottperwallsog6ebble ‘Avg Gas per well:217a6q mcf Kay ‘ a aot pe wera e Sone sane ‘Aug Oil per well: 21,064 bb} ‘Aug Gas per well: 69,578 md Avg Ot perwellsig383 bbls Asx Gasper well 4o4asemet jee cilperweln4a53hs eld
Slide 13: 3-D Seismic Defined Structures
3-D Seismic Defined Structures 3-D Seismic Prospects 36 miles of high quality and modern 3D seismic Seismic surveys have identified about 12 structural closures which a a eet locating and drilling vertical ia Spyglass technical team has selected 6 of these structures on which to commence rati The ve
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Slide 15: The Mississippian Lime
river The Mississippian Lime Mississippi Lim Pearsonia West Sates: Osage County Oklahoma
Slide 16: The Pearsonia West Concession
The Pearsonia West Concession development. Pearsonia West at a Glance Location Size Working Interest Mineral Rights Lease Price Legacy Production Vertical Analogs Upside with Full Development Mississippian fearoniawes conc ime Play Osage County, Oklahoma 106,500 contiguous acres (50% PTRC ‘ownership
Slide 17: Pearsonia West Advantages
Pearsonia West Advantages Vertical and Horizontal Potential Low Drilling Costs Estimated Recoverable Reserves Infrastructure The ply allows emery that are carina to both vertical and horizontal developmer Iboe per section nator sett pay possibility overlying ssylvania sand Three-phase po ze REE -sup
Slide 18: History; Osage County
History; Osage County Uy vtone Osage Vertical History Pennsylvanian, none of them with 3-D seismic data. Northeast Oklahoma Coreserme 0000 uwpetronveroil=
Slide 19: Mississippian Drilling Experience
Mississippian Drilling Experience Mississippian and related structures Daniel Smith 18 55 Ruben Alba 18 6 ‘Shane Matson 13 55 Jonathan Rudney 6 56 Dr. James Rector 30 50 Total 85 222
Slide 20: Forward-Looking Statements
c & petroriv Certain statements inthis presentation contain “forward-looking statements" within the meaning of Section 27A ofthe Securities Act of 1933 and Ss of ais cs Fag Fn an en ns, esis SiC ACs oni ae - parton Form 20, Forward-Looking ters that ace not historical facts are and exploration activ