Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (September 2016)
23 slides from Petro River Oil's investor presentation, Sep 19, 2016
Slide 1: Conventional Wisdom in an Era of Unconventional Oil and Gas
Conventional Wisdom in an Era of Unconventional Oil and Gas de September 2016 petroriver OTCEB:PTRC yew petrarivaroll.com
Slide 2: Forward-Looking Statement / Profile
Forward-Looking Statement / Profile petroriver onan cater te sara cont Yost ‘Sector 2A ofthe Socrtes Key Statistics aoe ane ce ye Secures it roan "mC mk FeO 2+ OES on ie ait ea a he SEC gain ity ron EE Sh tea, ere ate tere pec Should nt be aod upon. ness ate ured fo znode” carly st se ow ee “Yona ak
Slide 3: Core Asset Portfolio
Core Asset Portfolio petroriver facin, Nrthern Irland te Rees einen a Pearsonia West - Osage County, Ok Total Gross Acres: 106,500 Well Costs: Approx. $181 EURS: Appre: 38, 002 ie 95, 0008 BS Per well 2016 Plan {oot.5 MM BO of prospective resource for $430,000 of capital Near-Term rapeving- Karn Cou
Slide 4: Key Senior Executives
Key Senior Executives Veteran M Owned ani ement Team with Conventional Oil and Gas Exploration erated +1000 Wells and +1 MM Net Acre: Stephen Brunner, President lation Energy Partners, now Sane Energy Partners Wie SPP. + Former Executive VP of F , sold in 2007 for $3.7B Scot Cohen, Executive Chairma
Slide 5: Corporate Strategy
Corporate Strategy Identify and poeee Overlooked or Bypassed Oil Fields in Prolific, Producing Basins Investment Criteria: Conventional assets with: Low geologic and financial risk Maintain decision control New shoots and reinterpretations OTCRE:PTRC wow petrarivaroll.com <$10 per BO Target F&D Cost
Slide 6: Near-Term Operational Focus
Near-Term Operational Focus river Develop a ae Repeatable and Profitable Drilling Program n Osage County, Oklahoma Why ¢ Osage County, Oklahoma? In July 2016, 35 square miles of 3D seismic +200 MM BO Oil Field Adjacent to PTRG. Mississippian-aged. + Low Gost Drilling: D&C costs of $200,000 2 eal smi
Slide 7: Operating Partners — Experience in Osage
Operating Partners — Experience in Osage Members Successfully Drilled +1,000 Wells within 10 Miles of Pearsonia Stephen Brunner President of Petro River Mike Mac! key Osage Wireline + Drilled +300 wells in Osage Coun 0% eucceea rate area wits eine + +8 years working with Osage Mineral Counsel Jonath
Slide 8: Pearsonia Project: Osage County
Pearsonia Project: Osage County ie 106,500 Gross Acres in Osage County BIE atl pyieeiagnpesa eps “25 Prolific Historical Oil Production Osage Mineral Estate Single Mineral Owner Stacked Paleozoic Reservoirs Significant potential using 3D seismic and conventional drilling and completion techniques. M
Slide 9: Pearsonia Project
Pearsonia Project Surrounded by Prolific Legacy Fields Poppe fa a * Prolific Mississippian Production ais ik iF - Regionally extensive aT | production within our conce: i+ 105,000 acre exclusive coe oe position 654 concession leases + 35 square miles of existing 3D Seismic petroriver i Multiple seis
Slide 10: Pearsonia West 3D Seismic
Pearsonia West 3D Seismic petroriver ‘GTCEEPTRE ‘win patrariverall come OTCRE:PTRC wow petrarivaroll.com bape ieeh Untested Structures tures with a total of 100 2 acres of closures See hundred potential drillin: sk Drilling Targets + 4 structures with 60 wells defined + Average EURs: 50,000 Stacked
Slide 11: Fourth Quarter 2016 Operating Plan
Fourth Quarter 2016 Operating Plan ie 35 Square Miles of 3D Identified 4,480 Acres of Structural Closure Fourth Quarter Plan Tests 1,610 Acres of 4,480 Acres Drill Plan Drill 1 Blackland Chat Well Drill 1 Henderson Chat Well Exposure Red Fork Potential: 1,400,000 BO Henderson Chat Patential: 420,000
Slide 12: Single Well Economics
Single Well Economics river (zon,000) $311,639 $568 758 Total Mumberet Wats in ul Pogcain hw ae soams please pose staat Sos rare fasan Ganges salem sings Sem GLNESS See LEE GST OTCRE:PTRC wow petrarivaroll.com a2
Slide 13: Next Months
Next 18 Months petroriver Fourth Quarter 2016 Program Tests +2.5 MM BO of Prospective Resource with $430,000 of Capital Production Results Will be Used to Plan 2017 Development Activity Phase One (Q416 )
Slide 14: Longer-Term Focus with Horizon Energy
Longer-Term Focus with Horizon Energy petroriver OTCRE:PTRC wow petrarivaroll.com
Slide 15: Strategic Corporate Partner
petroriver Strategic Corporate Partner . Horizon is an Petro River companies, + Jonathan Rudney. CEQ of Horizon. Co-Founder of the predecessor of RAAM Global Energy. Gurrently overseeing exploration, production of onshore/ofishore demestic and glabal assets. Industry connections and experience enabl
Slide 16: Kern County, CA
Kern County, CA petroriver Kern County Facts Kem County. California Size 7,000 acres Working Interest | Harizon — 30% Petro River - 13.75% Work Completed Assembled leases covering core of Kern County Field ‘Geophysics Acquiring new 20 square miles of 3D Seismic surv Historical Activity Produced over
Slide 17: Kern County, CA
Kern County, CA petroriver Ideal Location covered in Early: Rants Locate Oil Left in Place Abundant Hetorial Geological & Dri Low Development Costs 30+ MM BOE Possible 3D Seismic Will Yield Finding & Development Recovery Undrilled Opportunities Costs under $10 + Adjacent to world-class Marterey sour
Slide 18: Grapevine — Kern County, CA
Grapevine — Kern County, CA ie Location County, Calif Size 9,000 acres Working 50% - Horizon Interest Geophysics Acquiring 27 sq. miles of 3D F xemcowre Seismic data Work $25 million by prior operator on Completed land, seismic, geophysical, and drilling ASSET RISK PROFILE Historical Work Geological
Slide 19: Grapevine — Kern County, CA
Grapevine — Kern County, CA petroriver Discovery Well Lost Due to Mechanical Failure ee Significant Oil Potential [Drilling Program in Place Untested Areas Could 7 Horizon & Industry Opportunistic Play Yield an Additional 40 MIM Players BO + Initial well ailled by + 825MM prior expenditure + Discove
Slide 20: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland petroriver Larne Basin at a Glance Location Lame Basin, Northern Ireland Size 130,000 acri Working 9% - Ri River Interest 16% - Geophysics 400 km of modem 2D Seismic acquired in 2012 Work ismic acquisition and Completed nortan Spud well in May = Historical Work None ASS
Slide 21: Petro River Portfolio
Petro River Portfolio Horizon Acreage Working | Potro River Dir Prospective Resources | Prospective Resources (Grose Interest. | Working Interest (4) (100% Wh (Petro Direct Indirect WI} Wes ss9 acres 55 Pearsoriawest E5896 oy 4 0 ares ow 78% 6NMMBO 451M BO 2 (1) Wearking inorast takes rte account 26
Slide 22: Key Takeaways
Key Takeaways earsonia test wells funded petroriver - Pearsonia Wes' + 4Awells and re-work de-risk Ss iB sts. 3B 5 MM BO with $430, 000 ene 9 without seismic. + Scalable and repeatable opportunities over 106,500 acres; plans to shoot 55 square miles of 3D Seismic in 2017 : i rifolic with F&D <$10 pe
Slide 23: Petro River Oil Corp. contact
petroriver OTCRE:PTRC i Petro River Oil Corp 55 Fifth Avenue, Suite 1702 New York, NY 10003 @: 469-828-3900 cia Fa@pewsiversil com www. petroriveroil.com wow petrarivaroll.com
Petro River Oil — Investor Presentation (September 2016) on 6ix