Petro River Oil Corporation · OTC:PTRC
Petro River Oil — Investor Presentation (September 2017)
21 slides from Petro River Oil's investor presentation, Sep 27, 2017
Slide 1: Conventional Explorers in an Era of Shale
Conventional Explorers in an Era of Shale ny Corporate Presentation September 2017 petroriver i ( ( iM a) | otis? yaa OTCBB:PTRC www.petroriveroil.com
Slide 2: Forward-Looking Statement / Profile
Forward-Looking Statement / Profile Certain statements in this presentation contain “forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including, without limitation, expectations, beliefs, plans and obje
Slide 3: Executive Summary
b petroriver Executive Summary DESCRIPTION -ASSET © Osage County, OK (106,500 acre concession) -Mississippian Chat is the primary zone of interest (depth ~2,700' TVD); -Bandolier Energy, a subsidiary of Petro River, has a 75% WI © Kern County, CA (7,000 acres) “Sunset Boulevard prospect containing m
Slide 4: Petro River is Different
b Petro River is Different seis Conventional Explorers No horizontal (shale) drilling. Low F&D and OPEX costs < $10 BO shale De-risk Exploration with 3D Seismic J Significant development & exploration structures 100% conventional. Profitable at $30 Oil. OTCBB:PTRC www.petroriveroil.com
Slide 5: Petro River Portfolio
Petro River Portfolio river Near Term Development Projects Acreage Petro River's Working Prospective Resources Prospective Resources Location (Gross) Interest (100% WI) (Petro Direct WI) Pearsonia West - Osage County, OK 1640 75% (1) 1.26 MM BOE (S. Blackland & 945,000 BOE projected based on 'W. Bla
Slide 6: Horizon Energy Partners Asset Portfolio
Horizon Energy Partners Asset Portfolio iN petroriver Near Term Development Projects Acreage Location (Gross) Horizon Energy's Interest Grapevine Kern County, CA 10,000 40% Kern County, CA Kern County, CA 7,000 275% Exploration Projects Acreage Location (Gross) Horizon Energy's Inte Kay County Kay C
Slide 7: Significance of Oklahoma Discovery
Significance of Oklahoma Discovery & Develop a Scalable, Repeatable and Profitable Drilling Program in Osage County, Oklahoma Muh Osage County, Oklahoma? New Data: In July 2016, 35 square miles of 3D seismic reprocessed; defined 4,480 acres of structural closures; multiple target < $ 5 per BO format
Slide 8: Pearsonia West — Osage County, OK
Pearsonia West — Osage County, OK & petroriver i i =a | Lt Pearsonia West Acreage & Near-by Fields Production _ 36 Sq. miles of 3D seismic www.petroriveroil.com
Slide 9: Pearsonia West — Osage County, OK
Pearsonia West — Osage County, OK Peareonia West 30 - Arbuckle Dopth Structure Map -Contour interval 10 Location Size Working Interest Mineral Rights Geophysics 2017 Drilling Plan 2018 Drilling Plan 148000 OTCBB:PTRC www petroriveroilcom OTCBB:PTRC www.petroriveroil.com b petroriver Pearsonia West F
Slide 10: Operating Partners — Experience in Osage
Operating Partners — Experience in Osage & petroriver Members Successfully Drilled 1,000+ Wells within 10 Miles of Pearsonia Stephen Brunner Mike Mackey President of Petro River Osage Wireline . Former CEO of Constellation Energy Partners ° Provided wireline services to OK/KS since 1978. + Drilled 3
Slide 11: West Blackland
143167 1443.33 “1455.00 “1486.67 West Blackland . arr (9 wells) “161833 71620.00 1641.67 2165333 “1885.00 1676.67 South Blackland 2-11 Discovery Well . b
Slide 12: Pearsonia West — Exploration Fields
Pearsonia West — Exploration Fields & petroriver $300,000 tests all 3 prospects with potential prospective resources of ~5.85MM BOE > Section 4 Prospect -612 Acres -~50,000 BOE EUR/well -up to 30 wells (based on 20 acre spacing) > Section 13 Prospect -350 Acres -~50,000 BOE EUR/well -up to 17 wells
Slide 13: Osage Development & Exploration Plan
Osage Development & Exploration Plan Osage Development Plan Projected Net Cash Flow $24.9M (NPV $ Well Count 60 Developmen 5 40 30 : 20 Ss , 10 | Eel 2017 2018 2019 2020 mDevelopment m Exploration Osage Exploration Plan Phase One Phase Two Projected Net Cash Flow $244.1M (2017 Plan) (2018) (NPV $138
Slide 14: Development Plan — Single Well Economics
Development Plan —Single Well Economics & petroriver Assumption: W. Blackland Field Oil Price: $47 flat over life of well eS Gas Price: $2.10 LOE: $1,000 fixed Hl + $1.2! iable / BO Single Well Economics $1,000 fixed per well + $1.25 variable / 175% WI-Bandolier (187,500) $360,932 $694,936 $894,697
Slide 15: Significance of California Discovery
Significance of California Discovery & Develop a Scalable, Repeatable and Profitable Drilling Program in Kern County, California Muh Kern County, California? New Data: Acquired new 30 sq. miles of 3D Seismic survey which identified various prospects including the Sunset Boulevard Prospect [KS $10 pe
Slide 16: Kern County, CA
Kern County, CA & petroriver Location Size Interest Work Completed Geophysics Historical Activity 2017/2018 Work Plan ASSET RISK PROFILE Low OTCBB:PTRC Kern County Facts KERN COUNTY Kern County, California Area of Interest 7,000 acres 13.75% Completed successful drilling operations on Cattani-Rennie
Slide 17: Kern County, CA
Kern County, CA b petroriver Situated in one of California’s oldest and most productive oil-bearing regions, PTRC’s technical team believes Kern County Field contains significant undiscovered oil. Ideal Location Discovered in Early 1900s Locate Oil Left in Place Low Development Costs 30+ MM BOE Poss
Slide 18: Kern County Development Timeline
Kern County Development Timeline & petroriver Development and Exploration Plan Phase One Phase Two OTCBB:PTRC (Q4 2017 Plan) Discovery of Sunset Boulevard Prospect Production & flow tests- Cattani-Rennie 47X-15 exploration well zz, Drill 2 Sunset Boulevard Development wells 3 wells on production (15
Slide 19: Our Value Proposition
Our Value Proposition & petroriver Opportunity to realize value based on success of Petro River’s Projected Net Asset Value (NAV) based on next 12 Month Development and Exploration Plans 200.00 185. . 195. a 46.79M =80.00 31.68M CURRENT VALUE Seance micsaczcounty.~*« ose COUNTY NIC cena OSAGE COUNTY
Slide 20: Key Takeaways
Key Takeaways Now is a great time to be a shareholder of Petro River: Diverse Conventional Portfolio with F&D <$10 per BO; OPEX <$10 per BO vY Osage County, Oklahoma -Pearsonia West Project (106,500 total acres) Successful oil field discovery in the W. Blackland field (EUR per well is ~105,000 BOE;
Slide 21: OTCBB:PTRC Contact
OTCBB:PTRC Petro River Oil Corp 55 Fifth Avenue, Suite 1702 New York, NY 10003 Phone: 469-828-3900 Email: ir@petroriveroil.com www. petroriveroil.com www.petroriveroil.com b petroriver
Petro River Oil — Investor Presentation (September 2017) on 6ix