Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (February 2016)
26 slides from Petro River Oil's investor presentation, Feb 9, 2016
Slide 1: OTCBB: PTRC
OTCBB: PTRC
Slide 2: Forward-Looking Information
Forward-Looking Informa’ 193 ncn els, to er of ran inthis presentation these expects" “believes,” “antipates” projects” and similar phrases However, you should "sec ab ine ch ° s, and are ‘we secgov
Slide 3: Unique Strategy
Unique Strategy petroriver Capita gas plays Low-risk strategy with, application of modern seismic analysis on conventional ‘opportunities Acquisition and service costs s are down 30-40% with \cTT minimal competition , petroriver | N d | _DIVERSIFVINGS oraitne A diversified portfolio provides higher
Slide 4: Corporate Summary
rate Summary petroriver Ticker OTCBB: PTRC Price (2/5/2016) $2.65, st capital 3. Shares Outstanding 43M Market Capitali $11.4M Pro-Forma Cash $5.1M. Working Capital $23.4M Debt $0.0M POects 140815 2DeCIS — 28DeC-15 J-16
Slide 5: Senior Leadership Team
Senior Leadership Team petroriver 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 = Succ
Slide 6: Recent Developments
Recent Developments >etroriver Petro River is poised for growth with its unique portfolio of prospective assets lovember 2015 December 2015 StepherBrunner Petro River October2015——_ Joins Petro River as acquires Horizon | President lavestments* Entered into JV with $5.M, C) with Fortis Energy comple
Slide 7: Corporate Summary
Corporate Summary petroriver I development of portfolio assets Fully funded to complete i Core Assets Pearsonia West Concession — 106,500 contiguous acres located in Osage County, Oklahoma terest (9% direct, 3.2% e Larne Basin Northern Ireland ~ 12.2% working i indirect), drilling commencement in Q2
Slide 8: Pearsonia West Concession
arsonia West Concessi a petroriver Pearsonia West A low-cost development asset in a prolifichydrocarbon basin Saleen Pearsonia West at a Glance =| = To Location (Osage County, Oklahoma Size 106,500 contiguous acres Working Interest 100% (50% Petro River ownership) Mineral Rights All by Osage Tribe 2
Slide 9: Vertical Drilling at Pearsonia West
Vertical Drilling at Pearsonia West & petroriver 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 mult
Slide 10: Pearsonia West: 2016 Objectives
arsonia West: 2016 Objectives a petroriver Developing a vertical program is low-cost and economically profitable in low-price energy environments * Current geophysical efforts include reprocessing of proprietary 3D seismic data "Vertical exploration is shallow (less than 3,000 feet) and drilling cos
Slide 11: Horizon Energy Partners
Horizon Energy Partners & petoriver \vestment in Horizon Energy provides access to a premium portfolio Petro River’s 20% 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
Slide 12: Horizon Energy Portfolio
Horizon Energy Portfolio Horan Peto vec rect | Un-Risked Potential Woke Resources Location Interest | (bbls for 100% Wi) Northern Initial well to commence. ane 30 Ireland 2200000) Boe a ee drilling in April 2016 fates |leneers ||| aan wx i ssmm——_Setmsineyincd mie — Aes 30 cimpaine RENCE, | a ng9 so
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
Slide 14: Larne Basin, Northern Ireland
Larne Basin, Northern Ireland petroriver Larne Basin is the only unexplored Carboniferous Basin in Europe Larne Basin, Northern Ireland Larne Basin Acreage Location Larne Basin, Northern Ireland 521.sq. km (~130,000 acres) ————Ea Fe Working Interest. 16% - Horizon aR, < 12.2% - Petro River (9% direc
Slide 15: Larne Basin: Finding oil traps with integrity
Larne Basin a petroriver 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 Afte
Slide 16: Why Larne?
Larne Basin a petroriver Why Larne? 2. Unexplored potential for large structures Large hydrocarbon traps clearly identifiable with modem seismic data 3. Minimal environmental impact No hydraulic fracturing, small footprint 5S. Low finding & development costs Total F&D costs below $10 per barrel - pr
Slide 17: Mountain View, California
Mountain View, California petroriver Participating in the re-development of a large & prolific oil field 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 leases covering heart of Mount
Slide 18: Mountain View, California
Mountain View, California petroriver Applying 3D seismic technology to a historically prolific field Monterey Form = Mountain View has been underexplored because of past piecemeal development by small, competing companies without the benefit of 3D seismic data = Application of new 3D seismic data ex
Slide 19: Dorset – Onshore/Offshore
rset — Onshore/Offshore a petroriver Located in the migration fairway of the Wytch Farm oil field - Western Europe’s most prolific onshore oil field = The Dorset projectis south of and adjacent to South Dorset Area the giant Wytch Farm oil field, the largest onshore oi field in Western Europe, which
Slide 20: Denmark Offshore
petoriver Denmark Offs! Horizon holds a 50% interestin four offshore licenses recently awarded to Ardent Oil by the Danish Energy Agency = Intotal, the license award areas comprise Denmark Location Map approximately 1,900 square kilometers * Offshore Denmarkis a prospective, underexplored oil basin
Slide 21: Grapevine, California
apevine, California petoriver Ade-risked development project in a prolific oil producing play Location Size Working Interest Work Completed Historical Work 2016 Activity Kern County, California 8,000 acres 50% - Horizon $25 MM investment by prior operator on land, seismic, geophysical, and drilling
Slide 22: Grapevine, California
Grapevine, California petoriver A de-risked asset with significant resources in place = Asignificant discovery was made by an Grapevine Location Map independent E&P company in the fall of 2014, | SouthwmsanJonqun | but mechanical complications caused the well Fld Locator an gnerazed Upper Stven & Re
Slide 23: Levered Junior Energy Companies
Levered Junior Energy Companies petroriver 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 7 $2250 ae 200 $2000 fi or 7 sine}
Slide 24: Unlevered Junior Energy Companies
Unlevered Junior Energy Companies a petroriver 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 jj Capitalization of Unlevered Junior Energy Companies 30 : e 5 fj ,; r 10 = :
Slide 25: Summary
Summary & parenvey Petro River is exploiting the currently weak and capital constrained energy market to create shareholder value + Diversified Portfolio of Assets — Risk mitigation = Development flexibility = Conventional plays + Access to Capital = Pearsonia West & Larne Basin initial financing se
Slide 26: Petro River Oil Corp.
petoriver 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
Petro River Oil — Investor Presentation (February 2016) on 6ix