Disclaimer: Forward Looking Statements This Presentation (the “Presentation”) includes forward looking statements relating to, among other things, (a) the future financial performance and objectives of Petrodorado Ltd. (the “Corporation”) and (b) plans and expectations for the operation of the Corporation. These forward-looking statements are typically, but not always, identified by terminology such as “may,” “will,” “should,” “expect,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “seeks,” “potential,” “continue” or other similar terminology. Forward-looking statements are inherently unreliable, and prospective investors should not rely on them. The forward-looking statements are based on the Corporation’s current expectations, assumptions, estimates and projections about future events. Actual results are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in a forward-looking statement as a result of numerous risk factors. The Corporation has no obligation to update or otherwise revise any forward looking statements after the date of this Presentation or to reflect the occurrence of unanticipated events. Estimates of unrisked prospective resources pursuant to different sources including internal management evaluation. There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Operational Plans are subject to obtaining local permits and other customary regulatory approvals.
Corporate Summary Experienced, highly skilled with quality prospective Assets in the Right Place Direct operating experience and exploration success in South America (>200 years) Focused on Colombia (6 Blocks), Paraguay (1 block) and Peru (2 blocks). 47% average working interest, operator in two blocks in Colombia and one block in Paraguay Large Inventory of Exploration Prospects and Leads (> 70) Capital Structure Basic shares: 483 million Warrants (@35 cents, expire Dec’12): 181 million (callable if stock price>90cents for 20days) Options (@49cents, 73cents, 35 cents) : 30 million Fully diluted 694 million (Mgmt & Board 15%) Balance Sheet (in US$) @Sep 1st, 2011 Cash on Hand $55 million 2011 Budget left $21 million G&A and overhead - left $ 1 million (Fully funded 2011 and 2012 capex)$33 million And potentially Warrant Exercise Proceeds
* 100% warrants exercised *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Why Colombia, Peru and Paraguay? Proven hydrocarbon systems in multiple basins with established production and potential for world-class discoveries Low government take and low cost oil (royalties and lifting costs)
Sliding scale royalties of 8% for under 5,000 boepd to 25% for over 600,000 boepd
Asset Summary and Operations Plan Company Maker Blocks Company Maker Blocks *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources Operational Plans are subject to obtaining local permits and other customary regulatory approvals. .
Colombia: Basins PDQ Assets *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Los Llanos Basin: CPO 5 Block Petrominerales: Guatiquia Block Candelilla Structure: prolific producer • Recent Yatay-1 Discovery 10,440 bopd Recent Prolific Discoveries 40MMBOIP 16 – 43 API Corcel Guatiquia Recent Discovery Apiay 610 MMBOIP 25-30 API Caracara 100 MMBOIP 14-25 API CPO-5 Castilla 2.2 BBOIP 14-16 API Rubiales 942 MMBOIP 14 API Valdivia-Almagro 12 MMBO / 23 API Camoa 5.5 MMBOIP 14 API
9 CPO-5: Multiple Prospects/Leads “Corcel” Type & others Jilguero Sur-1 Recent discovery Corcel Candelilla CPO5_NE (extension of SE)
Leads: Northeast Extension of SE structures
NW-2B Yatay-1 NW-3 Guadalupe Prospects Metica-1 NW-2A NW-1 NE-2 NE-1 CPO5_NW (New 2D + Old 2D)
Prospects: fault closures
Mirador Prospects NW-4 NW-5 Channel Stratigraphic Prospect NW-Prospects Mirador & Guadalupe 4W-1 Y1 B 4W-2 Y2 / C1 D1 C2 C C5-C7 Channel Pattern D2 D3 SW Prospects Mirador & Guadalupe D4 VA-1 C3 F E Y3 / C4 CPO5_SW (New 2D +Old 2D)
Differentiating Factors – Unique Story High Impact Exploration Acreage 5 potential “company maker” blocks CPO 5: 3D seismic complete , large inventory of “Corcel” type Prospects, drill 2 wells 2011, 3 in H1’12 Peru 138: 2D seismic complete, 5 prospects identified, drill 1 well in 2012 Tacacho: 2D seismic in 2011, 2 x “Strat” wells H1 2012 Paraguay: 2 wells in 2012 Peru 135: Seismic in H1 2012, drill H1 2013 Other Blocks Magdalena Valley Talora : 1 well in 2011 Buganviles: Steam pilot Visure in 2011 La Maye : test Noelia-1 and drill 1 exploration well (conditional on flood waters receding) Divesture of non-core Assets Moriche and La Maye divesture in process. Excellent Management and Technical team with a clear execution strategy Management are proven oil finders with 200 years of full field development experience Clear Execution Strategy in Place – “Executing the Plan” Significant Upside Potential
Risked NAVPS > $2.3+
Undervalued compared to peer companies with very similar acreage
Contact Information Petrodorado Energy Ltd. Petrodorado South America S.A. Suite 2688, Bow Valley Sq 3 Calle 113 #7-21, 255 – 5th Avenue SW Torre A, Of# 1018, Teleport Bldg Calgary AB, Canada T2P 3G6 Bogota, D.C., Colombia Krishna Vathyam Robert Cross Jorge Garcia Arturo Lara President and CEO Chairman General Manager Chief Geoscientist firstname.lastname@example.org@email@example.com@petrodorado.com (403) 689-9769 (604) 685-2162 +57 1 646 7450 +57 300 726 0497 Max Rolla V.P. Exploration firstname.lastname@example.org +57 300 726 0380
Senior Management Team Krishna Vathyam – President, CEO and Director (Calgary & Bogota) Over 25 years of international oil and gas experience with Schlumberger Experience includes management, operations, field developments, production enhancement and heavy oil Country Manager in Colombia and Venezuela (operations, financial, regulatory and security) Executive level peer network with Pacific Rubiales, Sincor, PDVSA, StatoilHydro, ONGC, Ecopetrol, Schlumberger, Baker Hughes, MI-Swaco and TransOcean Max Rolla – Vice President Exploration (Bogota) 23 years of oil and gas experience with Maraven (PDVSA), Amoco, ConocoPhillips and StatoilHydro Masters Degree in Geophysical Engineering from Colorado School of Mines in 1995 Executive level peer network with Pacific Rubiales, BPZ and StatoilHydro Arturo Lara – Chief Geoscientist (Bogota) 30 years of oil and gas experience in South America with Maraven, Total and Gazprom Masters in geology from IFP (French Institute of Petroleum) Expertise in exploration geology play and location identification Executive level peer network with Pacific Rubiales, Gazprom, Total, PDVSA and Maraven Emir Arzola – Chief Reservoir Manager (Bogota) 29 years of oil and gas experience in Colombia and Venezuela Maraven, PDVSA, Perez Companc and Petrobras Colombia Operations Mgr with Tecnopetrol (pre-cursor to Pacific Stratus) Reservoir Engineer Jorge Garcia - General Manager (Colombia & Peru) (Bogota) 17 years of International Oil & Gas experience with Schlumberger and Mobil Worked in Colombia, USA, France, Spain, Portugal, Australia, North Africa Engineer and MBA V.C. Mohan – Consulting Chief Geophysicist (India) 50 years of oil and gas experience with ONGC Founder of ONGC’s geophysical processing centre, discovered KG Basin (India) and initiated ONGC Videsh Executive level peer network with ONGC and OVL