PTP Feb. 2014 Factsheet


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Petrichor Energy Fact Sheet. Feb. 2014

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PTP Feb. 2014 Factsheet

  1. 1. MARBLE FALLS OIL-RICH RESOURCE PLAY FORT WORTH BASIN, MARBLE FALLS , NORTH TEXAS FIRST WELL DRILLED ANALOGOUS LIMESTONE RESOURCE PLAYS - MAJORS IN AREA Dallas Austin PETRICHOR ENERGY INC: is an emerging oil and gas exploration company focused on acquiring, exploring and developing new oil reserves in North and South America, while employing the latest geophysical and geological technologies. The Marble Falls, Oil Resource Play in the Forth Worth Basin, North Texas, is the Company’s principal drilling prospect and is currently the focus of its drilling activities. Petrichor has a 66.67% WI in the Marble Falls prospect and the company recently completed Phase 1 of their drilling program with the drilling completion of the Hinson #1 vertical well; test results are pending. The company’s management and technical team has a cumulative 35 years of experience in the petroleum industry, with a proven record of success and retains over 30 years of geological data and historical information in the area.. MAJORS IN AREA Houston ANALOGOUS MISSISSIPPI LIMESTONE RESOURCE PLAY Analogous successful resource plays in S. Kanasas and N.Oklahoma include; Range Resouces (15,000 acres - 108 wells, 50% in production, EUR 300-700/day, 80% IRR (1) play 1,363 BOEPD and (2) play 1,940 BOEPD), Chesapeake (1-3H well IP 1, 609 BOE/d), Sandridge Energy (1.7 Mi acres OK, 382 wells, EUR 456 MBOE, ~119% Ave ROR, 52% crude, 44% Hz wells) EOG (700 BOEPD), Marble Falls Johnson 8H well, Jack County (IP yielded I12,710 BO & 48,557 MCF). Rapid, agressive movement of Majors exploring and developing Mississippi Lime resource plays, with formations promising a ratio of 50%, low drilling costs and high returns; a total of 1 million acres has been acquired since 2011 by Majors. Majors include; DTE Energy, EOG, Pioneer, Swan, Newark, Best, Devon Energy, New Ventures, Eagle Energy, Sandridge Energy and Range Resources Over 60 Vert and Hz wells have been drilled recently with positive results; 300+ successful wells drilled 300+bbl/day horizontal wells and 150+bbl/day of liquid gas in vertical well production Recent reports, IP in JACK COUNTY, Texas, approximately 1,500 bbl oil - equiv/day MARBLE FALLS PROSPECT: The prospect consists of 11,695 acres of oil-rich Pennsylvanian Age Limestone resource play, of which Petrichor has a 66.67% WI in the following counties; Young, Jack, Archer and Clay County, Texas. There is a potential for 100+ locations of multi-zone targets utilizing both, vertical and horizontal drilling techniques. Formations include; Marble Falls, Mississippi Lime, Caddo, Barnett Shale and Strawn Sands; target zone depths are between 4,000ft - 5,000ft and 125ft-300ft of gross pay thickness. CAPTIALIZATION Market Price: 52-Week Range: Marcket Cap (Mi): Shares Outstanding: Fully Diluted: Enterprise Value(Mi): Tel + 1 (604) 336-8615 Email Marble Falls Property $0.53 $0.57 - $0.16 $16.7 30.7 53.3 19.4 TSX.V: PTP.V FSE: YQN
  2. 2. TEXAS TSX.V: PTP.V – Archer, Young, Jack, and Clay Counties PENNSYLVANIAN AGE LIMESTONE: is a liquids-rich Mississippi age porous limestone formation, that is deposited beneath the Barnett Shale and forms pinnacle reefs at depths less than 5000 feet, reaching a thickness of 400+ feet. These resource plays create the opportunity for large reservoir targets with massive hydrocarbon deposits within shoal basins, and have produced in excess of 400,000 BO per well. Lime formations are shallow and found in numerous counties within the Forth Worth Basin and have produced over 75,000+BO in vertical wells, with great protential in horizontal wells to expose more reservoir rock and exponentially increase production capabilities. Marble Falls - Target Areas Proposed Location #2 Proposed Location #3 HINSON#1 WELL Drilled, Test Results Pending Proposed Location #4 INITIAL DRILL PROGRAM 5 drill target areas, covering 11, 694 acres Hinson #1 Well drilled (1st drill target) and cased; under budget and ahead of scehdule Hinson #1 well production equipment installed 5 Vertical wells, 1 Horizontal well Proposed Location #5 MARBLE FALLS DRILL PROGRAM TIMELINE MARBLE FALLS 2013 WELLS Q3 Marble Falls Acquisition Completed Hinson #1 Vertical Well 2014 Q4 Q1 Drilled Production Spud 2nd Vertical Well Q2 Spud Spud 3rd Vertical Well Q3 Production Spud Spud 4th Vertical Well Production Spud Spud 5th Vertical Well Q4 Production Spud Spud 6th Hz Well Production Spud OPPORTUNITY Emerging Resource Play: North Texas Ideal property location; Pennsylvanian age limestone Analogous Resource Plays Analogous to S. Kansas & N. Oklahoma limestone play Majors concentrated in prolific resource area, including DTE Energy, EOG, Pioneer, Swan, Newark and Best Entry level land pricing Experienced Management & Technical Team Strategic & profitable business plan; continue to acquire Properties with fast returns & low development costs Proven team experience Low CapEx Known commercially productive oil and gas reservoirs Prolific Barnett Shale play, providing high production results low drilling and completion costs Multiple Target Zones Barnett Shale, Atoka Conglomerates, Caddo Limetsone, Chester Lime and Chappel Lime CORPORATE OFFICE Petrichor Energy Inc. 595 Howe Street, Suit 303 Vancouver, BC V6C 2T5 Corporate Contact: Michael Pound T: 1 (604) 336-8615 ext 314 F: 1 (604) 718-2800 Email: DISCLAIMER: This material contains “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of the British Columbia Securities Act and the Alberta Securities Act. Generally, the words “expect”, “intend”, “estimate”, “will” and similar expressions identify forward looking information. By their very nature, forward looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking information. Statements in this press release regarding Petrichor’s business or proposed business, which are not historical facts are forward looking information that involve risks and uncertainties, such as estimates and statements that describe Petrichor’s future plans, objectives or goals, including words to the effect that Petrichor or management expects a stated condition or result to occur. Since forward looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward looking statements, which speak only as of the date they are made. All of the Company’s Canadian public disclosure filings may be accessed via and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. The foregoing commentary is based on the beliefs, expectations and opinions of management on the date the statements are made. The Company disclaims any intention or obligation to update or revise forward looking information, whether as a result of new information, future events or otherwise.