CONVENTIONAL E&P EXPLORERS

CONVENTIONAL E&P EXPLORERS

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Focus

1. Proven shallow basins that have produced more than 20MM barrels of oil.

2. Stacked and multi-zone prospects identified with modern 3D seismic technology.

3. Contiguous acreage blocks over proven Mississippian and Pennsylvanian reservoirs.

Robust & Scaled Growth Profile

1. Robust growth and success utilizing 3D seismic to discover, extend AND develop new
fields.

2. Initial Ten-well program drilled with a success rate of 78%.

3. Ten well North Blackland extension to be funded out-of-cashflow with projected
reserves of 68,000 barrels of oil and 58,000 mcf gas per well.

4. 2019 Drilling program expects to repeat and scale current success to as many as
100+ new wells on several new structures

Attractive Well Economics

1. Drilling and Completion costs of $250,000 per well.

2. Payout under 1 year.

3. IRRs greater than 150%.

4. Lease Operating Costs less than $5 per bbl.

Financial Strength & Flexibility

1. More than $50MM in capital has been contributed to Petro River Oil.

2. Initial 10-well drilling program has resulted in positive cashflow capable of funding Petro’s North Blackland expansion in 2018 – 2019 with as as many as 9 new wells.

Proven Management Team

1. Management team has drilled more than 1,000+ successful wells in the vicinity of the Company’s 106,500 acre Pearsonia West Lease Concession in Osage County, Oklahoma.

2. Management’s historic success rate in the area is 90%.

3. Management team is balanced with experienced geologists, geophysicist and operating personnel.

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Corporate Strategy

We pursue scalable, repeatable and lucrative drilling programs in shallow, proven oil & gas basins.

  • ACQUIRE

    Contiguous acreage blocks in portions of proven oil & gas basins not previously explored with 3D seismic.

  • EXPLORE

    Utilize modern 3D Seismic technology to identify low-cost and high-return prospects,
    particularly those with stacked and multi-zone potential.

  • DEVELOP

    Implement scalable and repeatable development programs by focusing on low-risk, multi-pay reserves (OPEX costs < $5 BO).

Corporate Strategy

We pursue scalable, repeatable and lucrative drilling programs in shallow, proven oil & gas basins.

  • ACQUIRE

    Contiguous acreage blocks in portions of proven oil &amp; gas basins not previously explored with 3D seismic.

  • EXPLORE

    Utilize modern 3D Seismic technology to identify low-cost and high-return prospects,
    particularly those with stacked and multi-zone potential.

  • DEVELOP

    Implement scalable and repeatable development programs by focusing on low-risk, multi-pay reserves (OPEX costs < $5 BO).

Using modern tech in a proven industry.

Map Without 3D Seismic Technology Map With 3D Seismic Technology

Using modern 3-D Seismic acquisition, processing and interpretation technologies, Petro has made two field discoveries, and identified numerous drilling targets under 4,400 acres of structural enclosures. This same seismic is driving the Company’s successful development and expansion of its West Blackland and North Blackland discoveries.

Using modern tech in a proven industry.

Map Without 3D Seismic Technology Map With 3D Seismic Technology

Using modern 3-D Seismic acquisition, processing and interpretation technologies, Petro has made two field discoveries, and identified numerous drilling targets under 4,400 acres of structural enclosures. This same seismic is driving the Company’s successful development and expansion of its West Blackland and North Blackland discoveries.

Hover on the blue markers to see
the
current status of each well.

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West Blackland 4-3
Drilled & Completed

West Blackland 8-3
To Be Drilled

West Blackland 9-3
Drilled & Completed

West Blackland 3-3
Currently Drilling

West Blackland 2-3
Drilled & Completed

West Blackland 7-3
To Be Drilled

West Blackland 6-3
Drilled & Completed

West Blackland 5-3
Drilled & Completed

West Blackland 1-3
Drilled & Completed

2-34

South Red Eagle 1-34

Currently drilling in Osage County, Oklahoma.

Currently drilling in Osage County, Oklahoma.

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West Blackland 4-3
Drilled & Completed

West Blackland 8-3
To Be Drilled

West Blackland 9-3
Drilled & Completed

West Blackland 3-3
Currently Drilling

West Blackland 2-3
Drilled & Completed

West Blackland 7-3
To Be Drilled

West Blackland 6-3
Drilled & Completed

West Blackland 5-3
Drilled & Completed

West Blackland 1-3
Drilled & Completed

2-34

South Red Eagle 1-34

Click on the blue markers to see the current status of each well.

Prospects In Osage

DEVELOPMENT

Screen Shot 2018-06-05 at 5.08.36 PM

North Blackland Prospect

258 Acres
78,154 BOE EUR per well (as to 8/8th interest)
Up to 10 wells (based on 20 acre spacing)

EXPLORATION

Screen Shot 2018-06-05 at 4.57.50 PM

Arsaga Prospect

2,000 Acres
50,761 BOE EUR per well (as to 8/8th interest)
Up to 100 wells (based on 20 acre spacing)

EXPLORATION

Screen Shot 2018-06-05 at 5.08.05 PM

Section 13 Prospect

650 Acres
50,761 BOE EUR per well
Up to 30 wells (based on 20 acre spacing)

Prospects In Osage

DEVELOPMENT

Screen Shot 2018-06-05 at 5.08.36 PM

North Blackland Prospect

258 Acres
78,154 BOE EUR per well (as to 8/8th interest)
Up to 10 wells (based on 20 acre spacing)

EXPLORATION

Screen Shot 2018-06-05 at 4.57.50 PM

Arsaga Prospect

2,000 Acres
50,761 BOE EUR per well (as to 8/8th interest)
Up to 100 wells (based on 20 acre spacing)

EXPLORATION

Screen Shot 2018-06-05 at 5.08.05 PM

Section 13 Prospect

650 Acres
50,761 BOE EUR per well
Up to 30 wells (based on 20 acre spacing)

Why Osage? Our concession is rich with history, and oil.

NEW DATA

July 2016: 35 square miles of 3D seismic reprocessed; defined 4,480 acres of structural closures; multiple target formations, both Pennsylvanian and Mississippian aged.

LOW COST DRILLING

Development and production costs of $250,000 per well.

PROLIFIC BASIN

Over 200 million BO produced from historical vertical production adjacent to our concession area.

FIELD DISCOVERIES

Two field discoveries in 2017: S. Blackland & W. Blackland fields. Proved structure potential of ~1.26 million BOE. N. Blackland field discovery in 2018: proved structure potential of ~1.26 million BOE.

ADDITIONAL POTENTIAL

We have identified a 2,000 acre structure; exploration wells to be drilled in 2018; several additional structures identified within the 106,500 acre concession.

Why Osage?

Our concession is rich with history, and oil.

NEW DATA

July 2016: 35 square miles of 3D seismic reprocessed; defined 4,480 acres of structural closures; multiple target formations, both Pennsylvanian and Mississippian aged.

LOW COST DRILLING

Development and production costs of $250,000 per well.

PROLIFIC BASIN

Over 200 million BO produced from historical vertical production adjacent to our concession area.

FIELD DISCOVERIES

Two field discoveries in 2017: S. Blackland & W. Blackland fields. Proved structure potential of ~1.26 million BOE. N. Blackland field discovery in 2018: proved structure potential of ~1.26 million BOE.

ADDITIONAL POTENTIAL

We have identified a 2,000 acre structure; exploration wells to be drilled in 2018; several additional structures identified within the 106,500 acre concession.

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ACRES FOR DRILLING

0+

WELLS IN EXPLORATION/ DEVELOPMENT

$0

DRILLING & COMPLETION COST PER WELL

$0+ MILLION

PROJECTED LIFETIME CASHFLOW PER WELL

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Petro River Oil (NYC)
55 Fifth Avenue, Suite 1702
New York, NY 10003

Petro River Oil (Houston, TX)
4582 Kingwood Drive Suite E, Box 521
Kingwood, TX 77345

Phone: 1-469-828-3900
Email: ir@petroriveroil.com

WANNA SAY SOMETHING?

Send us a Message

Invalid Email
Invalid Number

WE WOULD LOVE TO HEAR FROM YOU

Petro River Oil (NYC)
55 Fifth Avenue, Suite 1702
New York, NY 10003

Petro River Oil (Houston, TX)
4582 Kingwood Drive Suite E, Box 521
Kingwood, TX 77345

Phone: 1-469-828-3900
Email: ir@petroriveroil.com

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© COPYRIGHT 2018 PETRO RIVER OIL CORP.

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