Corporate Presentation
Transcription
Corporate Presentation
SNN Corporate Presentation Unconventional Exploration In Colombia September 18, 2014 E x p l o r i n g A B e t t e r Wa y S i n t a n a E n e r g y. c o m 2014 © Sintana Energy Corp. All Rights Reserved -V Disclaimer & Reader Advisory This presentation is provided solely for information purposes to shareholders and qualified parties and does not constitute an offer to sell or solicit an offer to buy any securities of the Company and/or its subsidiaries. This document may contain forwardlooking statements within the meaning of certain securities laws, including provisions of the Securities Act (Ontario). These forward-looking statements are based on projections, expectations and estimates as of the date of this document. Forwardlooking statements are provided for the sole purpose of providing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this document are qualified by these cautionary statements and those made in the Company’s other filings with the securities regulators of Canada. The information contained in this presentation is considered accurate as of its date. Such information is, however, subject to change at any time and this presentation shall not be construed to indicate that there has been no change in the affairs of the Company and/or its subsidiaries at or near or since the date hereof. Any projections of future financial and operating performance that are provided in this presentation of management’s projected business objectives shall not be construed or be relied upon as accurate representations of future results. An investment in Sintana Energy is speculative due to the nature of the Corporation's business. The ability of the Corporation to carry out its growth initiatives as described in this presentation is dependent on Sintana Energy obtaining additional capital. There is no assurance that the Corporation will be able to successfully raise the capital required or to complete each of the growth initiatives described. Investors must rely upon the ability, expertise, judgment, discretion, integrity, and good faith of the Management of the Corporation. Actual results will likely vary and may vary materially. No representation or warranty is made as to the accuracy or completeness of any of the information contained herein. We seek safe harbor. 1 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Colombia Focus Upper Magdalena 3 . 0 B i l l i o n B O Po te nt i a l 1 . 9 B i l l i o n B O P ro v e d D r i l l e d D o ra d o s - 1X We l l i n 2 0 1 3 D r i l l e d Ve rd a l - 2 X We l l i n 2 0 1 4 Wo r k i n g o n P ro d u c t i o n L i c e n s e fo r Ve rd a l d i s co v e r y Middle Magdalena 4 0 . 0 B i l l i o n B O Po te nt i a l 4 . 0 B i l l i o n B O D i s co v e re d C o m p l ete d Fa r m - o u t w i t h E x xo n M o b i l - N o v e mb e r 2 0 1 2 Re c e i v e d E nv i ro n me nta l Pe r m i t fo r V M M - 3 7 - J a n u a r y 2 0 1 4 D r i l l i n g 2 U n co nv e nt i o n a l S h a l e wells in 2014/2015 Sources: Industry published/Wood MacKenzie Database* ANH-2012, Colombia Potential Hydrocarbon Resources 2 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Colombia Assets Colombia Interests & Recoverable Resources (P50) Middle Magdalena Block Interest Acres VMM-4 15% 154,909 VMM-37 100%/30% (1) 43,158 TALORA 30% 34,194 COR-39 30% 95,106 COR-11 30% 176,915 Totals Upper Magdalena 504,282 Unconventional Conventional (1) Sintana - 100% of the Conventional and 30% of the Unconventional Resources, ExxonMobil farm-in for 70% of the Unconventional Resources 3 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Executive Management & Directors A highly skilled and results driven Executive Management Team and Board of Directors with significant International operations and finance expertise Executive Management Keith Spickelmier - Executive Chairman, Attorney - Capital Markets and Corporate Finance Board of Directors Keith Spickelmier Douglas Manner Douglas Manner - Chief Executive Officer, Reservoir Engineer - Strategy and Corporate Finance David Cherry - President & Chief Operating Officer, Business Development Carmelo Marrelli - Chief Financial Officer Chartered Accountant - Compliance Ronald MacMicken - Independent Director & Chairman of the Audit Committee MBA/Investment Banker/Private Investor - Energy Bruno Maruzzo - Independent Director & Chairman of the Compensation Committee Engineer/MBA/Consultant - Business Development Phillip De Gruyter - VP Exploration & SA Manager Geoscience and Operations Gregory Schlachter - Reservoir Engineering Manager Reservoir Data Acquisition and Analysis 4 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Unconventional | Majors S i n t a n a ’s V M M - 4 a n d VMM-4 V M M - 3 7 j o i n t v e n t u re VMM-37 w i t h E x xo n Mo b i l a r e Joint Venture l o ca te d i n t h e Sw e et Spot of the Middle Magdalena Basin TALORA COR-39 COR-11 Producing Oil Fields SINTANA Bogota 5 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Unconventional Wells | 2014/2015 SANTA ISABEL VMM-1 2 5 + St rat o r Ho rizo nta l We lls sch e d u le d d u r in g 2 0 1 4 / 2 0 1 5 ; re ce nt t ra n sa ct io n s in clu d e : Si ntan a farm - o u t to E x xo n Mo b i l (V M M - 3 7 ) VMM-2 o Valu e d at u p to $ 1 2 0 M (1 ) VMM-4 VMM-3 VMM-27 VMM-28 o 1 Ve rt ical/ 1 Ho rizo nta l We ll E xxo n Mo b i l / Can ac o l (V M M - 2 – $ 7 7 4 /a cre ) o 3 St rat o r Ho rizo nta l We lls o In it ial we ll n o w d r ille d / te ste d VMM-37 Sh el l /Can ac o l (V M M - 3 – $ 1 ,1 4 0 /a cre ) Joint Venture o V M M - 3 : 3 Ho rizo ntal We lls o V M M - 2 7 : 2 Ho rizo nta l We lls o V M M - 2 8 : 2 Ho rizo nta l We lls Co n o c o / Can ac o l (Santa Isa b e l – $ 3 ,0 0 4 /a cre ) o valu e d at $ 1 2 2 M (2 ) o 1 3 Ve rt ical/ Ho rizo nta l we lls Lew i s E n ergy (VMM - 1 ) Oil Fields Proposed Drill Locations o 3 Ho rizo ntal We lls (1) Sintana Press Release November 12, 2012 (2) Canacol Energy Presentation- July 2013 Source: Industry published/Wood MacKenzie Database* 6 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Nearby Production | VMM-37 # 1 2 3 4 5 6 7 8 9 10 11 12 13 Block Field Operator Production Mag Medio N Cantagallo Ecopetrol 14,831 BOPD Prov P Norte Liebre Ecopetrol 2,000 BOPD El Pinal Sur Santos-Salina Petrosantander 1,788 BOPD Prov P Sur Payoa Ecopetrol 9,378 BOPD Sogamoso Sogamoso Ecopetrol Inactive Las Monas Corazon Petrosantander 9,378 BOPD La Rompida Santa Rosa Ecopetrol 200 BOPD Mag Medio S Llanito Ecopetrol 2,500 BOPD Mag Medio S Galan Ecopetrol 2,100 BOPD Mag Medio S Casabe Ecopetrol 19,100 BOPD Quebrada Roja Quebrada Roja Ecopetrol Inactive Lisama-Nutria Nutria Ecopetrol 1,000 BOEPD La Cira Infantas La Cira Infantas Ecopetrol 21,400 BOPD Production Highlights VMM-37 Producing Fields Block is surrounded by major oil fields; conventional and unconventional recoverable estimates of up to 2 billion bbls and 3 billion bbls respectively. La Cira Infantas (950 MMBO) operated by Ecopetrol is the largest oil field in the basin. Source: Scout Reports, June 2014* 7 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Middle Magdalena | VMM-37 VMM-37 November 2012, Sintana announced a farm -out to E x xo n M o b i l w i t h a c a r r y i n t h e P h a s e I a n d P h a s e I I d e v e l o p m e n t p r o g ra m . VMM-4 o P h a s e I – E x xo n M o b i l w i l l c a r r y S i n t a n a f o r 1 0 0 % o n total of two (2) wells; one (1) vertical and one (1) h o rizo ntal wit h a min imum 4 ,0 0 0 ’ late ral (n o co st cap-Est.$65MM). o Phase II – first $45M of development costs ($10M to b e r e i m b u rs e d b y S i n t a n a o u t o f 5 0 % o f N e t Revenues), then heads -up development. o E x xo n M o b i l i s c u r r e n t l y p r e p a r i n g l o c a t i o n s t o d r i l l the Manati Blanco -1X (vertical) followed by the Manati Gris -1X (horizontal) well. Resource Potential Unconventional and Conventional P50 unrisked recoverable resources estimate net to Sintana of 2 1 0 M M B O a n d 5 0 . 5 M M B O r e s p e c t i v e l y. (1) Producing Fields Drill Locations (1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report – Effective Date: July 31, 2012 8 SNN|TSX.V E x p l o r i n g A B e t t e r W a y VMM-37 Farmout | Depth (feet) Sintana retains 100% interest in all Conventional formations and 30% in the Unconventional shales in 4 3 , 1 5 8 g r o s s a c r e s ( 1 7 4 k m 2) . o Tw o ( 2 ) w e l l s s c h e d u l e d t o b e d r i l l e d b e g i n n i n g i n Q 4 1 4 w h i c h w i l l p e n e t ra t e t h e c o n v e n t i o n a l L i s a m a We d g e p r o s p e c t s . o Co nve ntional se ct io n s will b e te sted if hydro carbons 8,300’ are p rese nt b efore d rilling d o wn t h ro ugh t h e d e e pe r > 4 , 0 0 0 - fo o t C r e t a c e o u s f o r m a t i o n s ( L a L u n a , S i m i t i a n d Ta b l a z o ) w i t h t h e h i g h - p o t e n t i a l u n c o n v e n t i o n a l 9,250’ Shale Oil. o Core, test and evaluate unconventional formations in 13,550’ t h e so u rce -rock/shale o il an d f racture d t ight o il sections. 15,000’ o E x xo n M o b i l w i l l t r e a t b o t h t h e v e r t i c a l a n d h o r i z o n t a l wells with multi -stage frac jobs. Source: Sintana Subsurface Team - Colombia, July 2014 9 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Unconventional | VMM-37 Unconventional Potential Shale Formations Parameter VMM Tablazo VMM La Luna Neuquén Basin Well Depth (ft) 10,000-14,000 9,000-12,000 10000 10,000-13,000 Gross Pay (ft) 300-900 1,000-2,000 100-600 100-300 Net Pay (ft) 150-450 950-1,900 50-300 100-300 Horz. Well Cost ($M) 13+7 13+7 Vertical 6-9 Temp. Reservoir (F) 184 175 - 335 Ro Maturity 1.1 0.7-1.0 1.0-1.2 1.1-1.6 5.5-7 5-10 4-8 2-6 8 15 7-12 6-14 o Basin has significant Conventional 300 770 50-200 1100 and Unconventional recoverable STOOIP BBL/acre 40K-80K 750K-1,500K - 75K-150K reserves estimated at 10-40 Billion Pressure (psi/ft) 0.65 0.55-0.80 0.65-1.0 0.55-0.73 bbls (Source: ANH, 2012). Quartz Content (%) 5 5-15 0-50 5-26 Clay Content (%) 30 17 15-40 15-30 Moderate Moderate Moderate Moderate 43 API+ 26 API 40-45 API 40-60 API TOC (%) Eff. Porosity (%) Perm. (nD) Brittleness API Source: Industry published/Wood MacKenzie Database Eagle Ford o Shale age and facies analogous to E a g l e F o r d S h a l e s ( Te x a s ) . o 3 to 4 times thicker shale pay sections than Eagle Ford Shales. o VMM 37 Block has a gross shale volume estimate of 88 million acre feet. Resource Potential Unconventional P50 unrisked recoverable resources estimate net t o S i n t a n a o f 2 1 0 M M B O . (1) (1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report – Effective Date: July 31, 2012 10 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Oil Potential | VMM-37 Richest source-rock basin in the world; same Cretaceous basin as Maracaibo, but unexplored. C o n v e n t i o n a l Te r t i a r y S a n d s • Pinchouts & Structures • Conventional Mid-Mag play Conventional Cretaceous • S t r u c t u r e s & C o m b i n a t i o n Tr a p s • Fracture-enhanced Tight Oil Limestone/Sands Unconventional Oil Shales • Upper Cretaceous La Luna & Lower C r e t a c e o u s Ta b l a z o S h a l e s & Limestones • 1500’ & 500’ thick respectively Source: Sintana Subsurface Team - Colombia, July 2014 11 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Phase I Drilling Locations | VMM-37 VMM 37 Block + Manati Gris-1X + Manati Blanco-1X + + O Pedral-1 O La Coquera-1 O Bosques-1 O Bosques-3 Source: Sintana Subsurface Team - Colombia, July 2014 12 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Conventional | VMM-37 Two ( 2 ) l a r ge co nve nt i o n a l p ro sp e c t s an d fo u r ( 4 ) co nve n t io n al l e ad s h ave b e e n Cantagallo/Yarigui Liebre 14,831 BOEPD i d e n t if i e d o n e x i st i n g 2 D s e i s m i c . Suerte-Santos-Sabina 4,000 BOEPD T h e M o n o A ra ñ a - 1 , d ri l l e d b y E x xo n Mo b i l 8 0 k m s n o r t h o f V M M - 3 7 re p o rt e d 8 5 fe et o f N e t Pay. o F l o we d 1 , 2 4 2 b arre l s o f d u r i n g a s h o r t t e r m t e st . 9 km Payoa La Salina Sogmoso o il p e r d ay o F l o we d 1 , 0 4 3 B O P D ( 2 2 o A P I ) o n a lo n g t e r m t e st . o I s ve r y s i m il ar t o t h e Li s a m a We d ge P l ay Corazon Rosa Galan 2,100 BOPD Llanito 2,500 BOPD Lisama San-Silvestre Casabe 19,100 BOEPD at VMM-37. La Cira Infantas S int a n a i s a c t ive l y p u rsu in g p o t e nt i al p a r t n e rs fo r t h e co nve nt i o n a l e xp l o rat i o n p ro g ra m o n V M M - 3 7 . C o nve nt i o n a l u n r is ke d P50 21,400 BOEPD re co ve rab le r e s o u r c e e st i m at e n et t o Si n ta n a o f 5 0 . 5 M M B O . (1) (1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Source: June 2014 Monthly Scout Production Reports Report – Effective Date: July 31, 2012 13 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Middle Magdalena | VMM-4 VMM-4 15% carried interest through Phase II in 154,909 gross VMM-37 acres (38,727 net). o Large Block with Resource Potential from both Conventional and Unconventional. o E stablished p ro duction o n ad jace nt Blo cks o p e rated by majors. o December 2013, a 206 km2 3D seismic data a c q u i s i t i o n p r o g ra m w a s c o m p l e t e d t o f u r t h e r d e f i n e the conventional prospects and evaluate the unconventional potential in the Cretaceous section. Resource Potential Unconventional unrisked P50 recoverable resources e s t i m a t e n e t t o S i n t a n a o f 7 5 M M B O . (1) Producing Fields (1) Petrotech Engineering Ltd. - VMM-4 Resource Evaluation Report – Effective Date: April 30, 2013 14 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Nearby Production | VMM-4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Block Field/Wells Operator/JV Production/Test Bolivar(1) Buturama 1-4 Global Energy Prod 500K+ BO Catalina-1 Global Energy Test 7,820 BOPD Olivo-1 Global Energy Test 6,400 BOPD Oso Pardo-1 Conoco/Canacol Prod 205 BOPD Morsa-1 Conoco/Canacol Prod 860 BOEPD VMM-2 Mono Arana-1 Exxon/Canacol Test 1,043 BOPD Fortuna Totumal 1-5 Ecopetrol Prod 800K+ BO Midas-A Chuira Field Petronorte Prod 45 BOPD Tisquirama-B Los Angeles Petronorte Prod 600 BOPD Barranca Barranca-Lebrija Ecopetrol Prod 9 BOPD Tisquirama San Roque Ecopetrol Prod 600 BOPD Midas-B Acordeonero Petronorte Prod 2,200 BOPD Midas-C Zoe Petronorte Prod 25 BOPD Tisquirama-A Santa Lucia Petronorte Prod 300 BOPD La Paloma Colon Petronorte Prod 579 BOPD Pavas Pavas Ecopetrol Prod 47 BOPD Toca Chuira Field Petronorte Prod 45 BOPD Santa Isabel (1) Global Energy’s Form 51-101 reported 3P reserves of 337 MMBO VMM-4 Source: Scout Reports, June 2014 15 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Drilling Activity | VMM-4 A B C D E F G Block Partners Planned Wells VMM-1 Lewis Energy 3 Horizontal Bolivar Global Energy 2 Horizontal Santa Isabel Conoco/Canacol 13 wells (horz/vert) VMM-2 Exxon/Canacol 3 Strat/Horiz VMM-3 Shell/Canacol 3 Horizontal VMM-27 Shell 2 Horizontal VMM-28 Shell 2 Horizontal Recent Exploration Activity on Nearby Blocks Midas – Petronorte • Acordeonero Field/Prod in the Lower Lisama Sands • Cumulative Prod of 205,670 BO (23 API) in Q1/14 • Acordeonero-1/Prod 102,833 BO in Q1/14 • Acordeonero-2/Appraisal Well/Drilling to 4,500’ the Lisama target is at 8,800’ depth Santa Isabel – Conoco/Canacol • Oso Pardo-1/Prod 205 BOPD + 27 MSCFPD • Morsa-1 Prod 832 BOPD + 160,000 MSCFPD VMM-2 – Exxon/Canacol • Mono Arana-1/Tested 1,043 BOPD VMM-4 Source: Midas Data from Monthly Scout Report - Petronorte Group 16 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Nearby Production | Upper Magdalena Talora COR-39 COR-11 1 2 3 4 5 6 7 8 9 10 11 12 Block Field/Wells Operator Production* Matambo Gigante Emerald Energy 290 BOPD Rio Magdalena Popa Pacific Rubiales 3.5 MMSCFT Mana Mana Interoil 1,737 BOPD Puli Puli Ecopetrol 200 BOPD Buganviles Delta Pacific Rubiales 100 BOPD Abanico Abanico Pacific Rubiales 3,500 BOPD Boqueron Guando Petrobras 11,000 BOPD Chipalo Chipalo Pacific Rubiales Suspended San luis Espinal Vetra 5,000 BOPD Ortega Ortega Ecopetrol 920 BOPD Espinal Purificacion Perenco 1,800 BOPD Abanico Abanico Pacific Rubiales 3,500 BOPD Nearby Production Highlights The Sintana Blocks are surrounded by several major oil fields. The largest field in the region, Guando, Is estimated by management to have recoverable resources of 126 MMBO (with over 1 billion bbls in place). Source: Scout Reports, June 2014 17 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Talora Block | Petrodorado Talora Acquired 30% interest in 34,194 gross acres (10,258 net acres). o E x c e l l e n t c o n t r a c t t e r m s : N o X - f a c t o r, n o g o v e r n m e n t b a c k - i n a n d l o w r o y a l t y. o E x p l o ra t i o n t e r m i s u p t o 6 y e a r s , e x p l o i t a t i o n t e r m is 22 years. Producing Fields (1) Sintana Subsurface Team - Colombia, July 2014 18 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Talora Block – Verdal Discovery o The Ve r d a l - 1 X w a s d r i l l e d i n l a t e 2010 and made a gas/condensate discovery in the over-pressured Te t u a n r e s e r v o i r. o T h e Ve r d a l - 2 X w a s d r i l l e d a n d cased to the top of the discovery sand in December 2013. o Wa i t i n g o n a l a r g e r r i g i n o r d e r t o drill the deeper pay sand section underbalanced. o Te c h n i c a l a n a l y s i s i n d i c a t e s t h a t t h e Te t u a n s t r u c t u re s h o u l d b e highly productive and would most l i ke l y c o n s i s t o f g a s - c o n d e n s a t e . o Currently working on a production l i c e n s e f o r t h e Ve r d a l a r e a . Source: Sintana Subsurface Team - Colombia, July 2014 19 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Talora Block – Dorados-1X Well The Dorados-1X well reached TD of 7,282’ on September 29, 2012. o Encountered an exceptionally thick san d-prone se q u ence wh ich was never previously reported in the basin. o This new Cretaceous section, named t h e “ D o r a d o s S a n d s ,” h a s a m e a s u r e d depth from about 5,160 feet to below 7,000 feet, or around 1,850 feet thick (gross). o While drilling, this section yielded excellent wet gas shows ~500 feet followed by ~300 feet of light oil shows and continued gas. o Due to formation damage, the testing of six (6) zones yielded limited results, but did confirm emulsified oil (20o API) in the Dorados Sand section. Source: Sintana Subsurface Team - Colombia, July 2014 20 SNN|TSX.V E x p l o r i n g A B e t t e r W a y COR-39 Farm-in | COR-39 30% farm-in interest in 95,106 gross acres (28,531 net acres). o 100 km of 2D seismic was acquired at a cost of ~$2.5MM net to Sintana. o P h a s e I w o r k p r o g ra m r e q u i r e s t w o ( 2 ) w e l l s . o D r i l l i n g p r o g ra m h a s b e e n d e l a y e d t o l a t e 2 0 1 5 . N e t r e m a i n i n g w o r k p r o g ra m c o s t i s ~ $ 1 0 M M . ( 1) Producing Fields (1) Based on Sintana Net Cost Estimate 21 SNN|TSX.V E x p l o r i n g A B e t t e r W a y COR-39 Development Plan The COR-39 Block is immediately adjacent to recently drilled Dorados -1X well in Talora block Conchitas Deep SE Conchitas Orion Updip with its new thick, quartz -rich sand (500-2000foot thickness; Cretaceous Cenomanian in age) which is highly significant for future Proposed location Existing wells Tentative leads Firm Leads Existing 2D Seismic Proposed 2D Seismic UNIA DEEP exploration. UNIA UNIA HW o Dura SS reservoir: 3 prospects and 7 leads have been identified based on 2D seismic. o Tetuan Limestone reservoir: 4 leads Cumaca identified. Gladiador Deep 5 km o Active Oil seeps (> 20) inner & outer of the Cacique East COR-39 Block is a strong evident of an active Petroleum System. Drilling of two (2) vertical exploration wells currently planned for 2015. Map Source: Canacol Energy Presentation - March 2012 22 SNN|TSX.V E x p l o r i n g A B e t t e r W a y COR-11 Farm-in | COR-11 30% farm-in interests in 176,915 gross acres (53,074 net). o Program to acquire 155 km of 2D seismic, originally scheduled for Q1/14 has been delayed due to weather and other factors, no firm date yet determined. o One well commitment (drill, case, test, complete & equip). o Estimated timing is 2016. N e t r e m a i n i n g w o r k p r o g ra m c o s t i s ~ U S $ 1 4 m i l l i o n . ( 1 ) Producing Fields (1) Based on Sintana Net Cost Estimate 23 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Regional Access to Markets E a c h o f S i n t a n a ’s f i v e ( 5 ) B l o c k s a r e n e a r t h e main oil & gas pipelines Ta l o r a a n d C O R B l o c k s a r e w i t h i n ~ 6 0 K m o f a n u n d e r - s u p p l i e d B o g o t á g a s m a r ke t G a s M a r ke t : G a s i s c o n s i d e r e d h i g h l y c o m m e r c i a l . Pipeline Capacity: ~95 MBOPD* Peak Throughput: ~70 MBOPD* Available Capacity: ~25 MBOPD* E xp e cted Gas T ie - in is Ch ico ral P ip e line G o o d r o a d i n f ra s t r u c t u r e a n d a c c e s s t o a l l b l o c k s *MBOPD = Estimated Million Barrels of Oil Per Day Source: Industry published/Wood MacKenzie Database* 24 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Corporate Finance March 2011 $21.1 Million Bought-deal Private Placement Underwritten by: Analyst Coverage Co-lead: Syndicate Included: March 2012 $9.2 Million Bought-deal Private Placement Underwritten by: Co-lead: Syndicate Included: 25 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Capital Structure | Ownership Capital Structure Ownership Breakdown Issued and Outstanding 311M Options Outstanding 21M Warrants Outstanding NIL Fully Diluted 332M Gross Acres 504K Net Acres 158K 52 Week High/Low $0.23/$0.07 Market Capitalization $48M 29% 42% 10% 19% Institutions Funds Management Retail Source: Sintana Energy as of September 18, 2014 26 SNN|TSX.V E x p l o r i n g A B e t t e r W a y Contact Information Sintana Energy Inc. – USA Office 6860 North Dallas Parkway, Suite 200, Plano, TX. USA 75024 Douglas Manner, CEO/Director C: 832.279.4913 Keith Spickelmier, Executive Chairman C: 713.248.5981 Sintana Energy Inc. – S.A. Operations Avenida 9 No. 113-52 Oficina 1804, Torres Unidas II Bogotá D.C., Colombia i n f o @ s i n t a n a e n e r g y. c o m S i n t a n a E n e r g y. c o m 27 SNN|TSX.V E x p l o r i n g A B e t t e r W a y