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Investor Presentation
Unconventional Exploration In Colombia
August 12, 2015
S E I
S i n t a n a E n e r g y . c o m
E x p l o r i n g A B e t t e r Way
2015 © Sintana Energy Corp. All Rights Reserved
-V
Photo courtesy of ExxonMobilParker Rig 271 Drilling at VMM-37
May 2015
1
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
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 forward-looking 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. Forward-looking statements are provided for the sole
purpose of providing information about management’s expectations
and plans. All 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 subject to change at any time and
this presentation should 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 financial and
operating performance that are provided in this presentation of
management’s projected business objectives should 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 Company's business. The ability of the Company to carry out its
growth initiatives as indicated in this presentation is dependent on the
Company obtaining additional capital. There is no assurance that the
Company 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 Company. 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.
Certain information contained herein is considered “analogous
information” as defined in National Instrument 51-101 (“NI 51-101”).
Such analogous information has not been prepared in accordance with
NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. In
particular, this presentation notes specific analogous oil discoveries
and corresponding details of said discoveries in the area of the
Company’s property interests and makes certain assumptions about
such property interests as a result of such analogous information and
potential recovery rates as a result thereof. Such information is based
on public data and information recently obtained from the public
disclosure of other issuers who are active in the area, and the
Company has no way of verifying the accuracy of such information
and cannot determine whether the source of the information is
independent. Such information has been presented to help
demonstrate that hydrocarbons may be present in commercially
recoverable quantities in the Company’s areas of interest. There is no
certainty that such results will be achieved by the Company and such
information should not be construed as an estimate of future reserves
or resources or future production levels of Sintana.
2
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
4 .0 to 8 .3 B i l l i o n B O Po te nt i a l Y T F
2 .0 B i l l i o n B O P ro d u ce d / P ro ve n
Co mp l ete d Fa rm - o u t wi t h E x xo n M o b i l -
No ve mb e r 2 0 1 2
Re c e i ve d E nv i ro n me nta l Pe rmi t fo r
V M M - 3 7 - Ja n u a ry 2 0 1 4
E x xo n M o b i l i s Cu rre nt l y D r i l l i n g t h e
M a n at i - B l a n co - 1 X we l l a t V M M - 3 7 wi t h
s h a l l o w co nve nt i o n a l a l s o ta rgete d
2 .1 B i l l i o n B O Po te nt i a l Y T F
9 4 6 M i l l i o n B O P ro d u c e d / P ro ve n
D r i l l e d D o ra d o s - 1 X 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
Ap p l i cat i o n f i l e d wi t h ANH fo r Ve rd a l
P ro d u c t i o n L i c e n s e
Colombia Focus
M i d d l e M a g d a l e n a
Sources: Industry published/Wood MacKenzie Database*
ANH-2012, Colombia Potential Hydrocarbon Resources
U p p e r M a g d a l e n a
3
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Colombia Interests
* Sintana/ExxonMobil JV - Sintana retains 100% of the conventional and 30% of the unconventional.
Block InterestAcres(000)
VMM-4 15% 155
VMM-37 100%/30%* 43
TALORA 30% 34
Totals 232
Middle Magdalena
Upper Magdalena
Unconventional
Conventional
Colombia Assets
4
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Middle Magdalena | VMM-37
N o v e m b e r 2 0 1 2 , S i n t a n a a n n o u n c e d a f a r m - o u t t o
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 e x p l o rat i o n a n d
P h a s e I I d e v e l o p m e n t p ro g ra m s .
o P h a s e I – E x xo n M o b i l t o c a r r y S i n t a n a f o r 1 0 0 % o n
t o t a l o f t w o ( 2 ) w e l l s ; o n e ( 1 ) v e r t i c a l a n d o n e ( 1 )
h o r i zo n ta l w i t h a m i n i m u m 4 , 0 0 0 ’ l a t e ra l ( n o c o s t
c a p - E st . $ 8 5 M ) .
o P h a s e I I – F i rs t $ 4 5 M o f d e v e l o p m e n t c o s t s ( $ 1 0 M t o
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
Re v e n u e s ) , t h e n h e a d s - u p d e ve l o p m e n t .
o E x xo n M o b i l i s c u r re n t l y d r i l l i n g t h e f i r s t w e l l ;
M a n a t i B l a n c o - 1 X ( v e r t i c a l t o ~ 1 6 , 0 0 0 ’ ) .
R e s o u r c e Po t e n t i a l
U n c o n v e n t i o n a l a n d C o n v e n t i o n a l P 5 0 u n r i s k e d
r e c o v e r a b l e r e s o u r c e s e s t i m a t e n e t t o S i n t a n a o f
2 1 0 M M B O a n d 5 0 M M B O r e s p e c t i v e l y. (1)
Producing Fields
Drill Locations
VMM-4
VMM-37
(1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report – Effective Date: July 31, 2012.
5
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
S i n t a n a r e t a i n s 1 0 0 % i n t e re s t i n a l l C o n v e n t i o n a l
f o r m at i o n s a n d 3 0 % i n t h e U n c o n v e n t i o n a l o i l s h a l e s i n
4 3 , 1 5 8 g ro s s a c r e s ( 1 7 4 k m 2) .
o Tw o ( 2 ) w e l l s t o b e d r i l l e d b e g i n n i n g w i t h t h e M a n at i
B l a n c o - 1 X w e l l w h i c h w i l l p e n e t rat 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 f o r m a t i o n s .
o L i s a m a s a n d s t o n e s w i l l b e e v a l u at e d f o r h y d ro c a r b o n s
b e f o re d r i l l i n g t h ro u g h t h e > 4 , 0 0 0 - fo o t h i g h p o t e n t i a l
u n c o nve n t i o n a l C r e t a c e o u s f o r m at i o n s ( L a L u n a ,
S i m i t i a n d Ta b l a zo ) .
o C o r e , t e s t a n d e v a l u at e u n c o nv e n t i o n a l f o r m a t i o n s i n
t h e s o u r c e - ro c k /s h a l e o i l a n d f ra c t u re d t i g h t o i l
s e c t i o n s .
o E x xo n M o b i l w i l l t r e at b o t h t h e v e r t i c a l a n d h o r i zo n t a l
w e l l s w i t h m u l t i - s t a ge f ra c j o b s .
VMM-37 Farmout |
Depth
(feet)
8,300’
9,250’
13,550’
15,000’
Source: Sintana Subsurface Team - Colombia, July 2014
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Unconventional Wells | 2015
Source: Industry published/Wood MacKenzie Database*
Oil Fields
Proposed Drill Locations
VMM-2
SANTA ISABEL
VMM-3
VMM-27
VMM-28
VMM-37Joint Venture
VMM-4
25+ Strat/Hor izontal Wel ls scheduled dur ing
2015 in the Region; recent t ransact ions in the
Region include*:
Sintana farm-out to ExxonMobi l (VMM -37)
o 1 Vert ica l/1 Hor izontal Wel l
o In i t ia l wel l now Dr i l l ing
ExxonMobi l /Canacol (VMM-2)
o 3 Strat/Hor izontal Wel ls
o In i t ia l wel l now dr i l led/tested
Shel l/Canacol (VMM -3)
o 3 Hor izontal Wel ls
Shel l (VMM-27 & VMM-28)
o VMM-27: 2 Hor izontal Wel ls
o VMM-28: 2 Hor izontal Wel ls
Conoco/Canacol ( Santa Isabel )
o 13 Vert ica l/Hor izontal wel ls
Lewis Energy (VMM-1)
o 3 Hor izontal Wel ls
VMM-1
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Nearby Production | VMM-37
# Block Field Operator Production*
1 Mag Medio N Cantagallo Ecopetrol 14,831 BOPD
2 Prov P Norte Liebre Ecopetrol 2,000 BOPD
3 El Pinal Sur Santos-Salina Petrosantander 1,788 BOPD
4 Prov P Sur Payoa Ecopetrol 9,378 BOPD
5 Sogamoso Sogamoso Ecopetrol Inactive
6 Las Monas Corazon Petrosantander 9,378 BOPD
7 La Rompida Santa Rosa Ecopetrol 200 BOPD
8 Mag Medio S Llanito Ecopetrol 2,500 BOPD
9 Mag Medio S Galan Ecopetrol 2,100 BOPD
10 Mag Medio S Casabe Ecopetrol 19,100 BOPD
11 Quebrada Roja Quebrada Roja Ecopetrol Inactive
12 Lisama-Nutria Nutria Ecopetrol 1,000 BOEPD
13 La Cira Infantas La Cira Infantas Ecopetrol 21,400 BOPD
Producing Fields
VMM-37
Production Highlights
Block is surrounded by major oil f ields; conventional and
unconventional recoverable YTF estimates of ~4 bil l ion bbls
and ~2 bil l ion bbls respectively. La Cira Infantas (950
MMBO recoverable) operated by Ecopetrol is the largest oil
f ield in the basin.Source: Scout Reports, June 2014*
8
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
U n c o n v e n t i o n a l P o t e n t i a l
o S h a l e a g e a n d f a c i e s a n a l o g o u s t o
E a g l e F o r d S h a l e s ( Te x a s ) .
o 3 t o 4 t i m e s t h i c k e r s h a l e p a y
s e c t i o n s t h a n t h e E a g l e F o r d .
o V M M 3 7 B l o c k h a s a g r o s s s h a l e
v o l u m e e s t i m a t e o f 8 8 m i l l i o n a c r e
f e e t .
o B a s i n h a s s i g n i f i c a n t C o n v e n t i o n a l
a n d U n c o n v e n t i o n a l r e s o u r c e
e s t i m a t e d a t u p t o 4 0 B i l l i o n
B a r r e l s ( S o u r c e : A N H , 2 0 1 2 ) .
V M M - 3 7 R e s o u r c e Po t e n t i a l
U n c o n v e n t i o n a l P 5 0 u n r i s k e d
r e c o v e r a b l e r e s o u r c e s e s t i m a t e n e t
t o S i n t a n a o f 2 1 0 M M B O . (1)
Unconventional | VMM-37
(1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report– Effective Date: July 31, 2012. The unconventional andconventional prospective resources set forth in the report preparedby Petrotech Engineering Ltd. have not been disclosed in aStatement of Reserves Data pursuant to NI 51-101.
Source: Industry published/Wood MacKenzie Database
Shale Formations
Parameter VMM Tablazo VMM La Luna Neuquén Basin Eagle Ford
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
TOC (%) 5.5-7 5-10 4-8 2-6
Eff. Porosity (%) 8 15 7-12 6-14
Perm. (nD) 300 770 50-200 1100
STOOIP BBL/acre ft 40K-80K 750K-1,500K - 75K-150K
Pressure (psi/ft) 0.65 0.55-0.80 0.65-1.0 0.55-0.73
Quartz Content (%) 5 5-15 0-50 5-26
Clay Content (%) 30 17 15-40 15-30
Brittleness Moderate Moderate Moderate Moderate
API 43 API+ 26 API 40-45 API 40-60 API
9
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
VMM-37 Infrastructure and Drilling Locations
Source: Sintana Topside Team - Colombia, Sept 2014
10
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Two (2 ) large convent ion a l L i sama
reser voi r prospects and four (4 )
convent ion a l lead s h ave b een id ent i f ied
o n ex ist in g 2D se ismic .
M on o Araña- 1 wel l , d r i l led by ExxonMobi l
8 0 kms n orth of VM M-3 7, rep orted 8 5
feet o f Net Pay in t h e L isama Reser vo i r.
o F lowed 1,043 BOPD (2 2 o API ) on a long
term test .
Convent iona l unr i sked P5 0 recoverab le
resource est imate net to Sintana of 50
MMBO. (1 )
Conventional | VMM-37
(1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report – Effective Date:July 31, 2012. The unconventional and conventional prospective resources setforth in the report prepared by Petrotech Engineering Ltd. have not been disclosedin a Statement of Reserves Data pursuant to NI 51-101. Source: June 2014 Monthly Scout Production Reports
9 km
La Cira Infantas 21,400 BOEPD
Cantagallo/Yarigui 14,831 BOEPD
Casabe 19,100 BOEPD
Llanito2,500 BOPD
Lisama
Corazon
La Salina
Payoa
Suerte-Santos-Sabina4,000 BOEPD
Liebre
Sogmoso
Rosa
Galan2,100 BOPD San-Silvestre
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Middle Magdalena | VMM-4
1 5 % c a r r i e d i n t e re s t t h ro u g h P h a s e I I i n 1 5 4 , 9 0 9 g ro s s
a c r e s ( 6 4 7 k m 2) l o c a t e d 7 0 k m n o r t h e a s t o f V M M - 3 7 .
o L a r g e B l o c k w i t h Re s o u rc e Po t e n t i a l f ro m b o t h
C o n v e n t i o n a l a n d U n c o n v e n t i o n a l f o r m at i o n s .
o E s t a b l i s h e d p ro d u c t i o n o n a d j a c e n t B l o c k s o p e ra t e d
b y m a j o rs .
o D e c e m b e r 2 0 1 3 : c o m p l e t e d a 2 0 6 k m 2 3 D s e i s m i c
d a t a a c q u i s i t i o n p ro g ra m t o f u r t h e r d e f i n e t h e
c o nv e nt i o n a l p ro s p e c t s a n d e v a l u ate t h e
u n c o nve n t i o n a l p o t e n t i a l i n t h e C r e t a c e o u s s e c t i o n .
o S i n t a n a i s 1 0 0 % c a r r i e d i n 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 i n 2 0 1 5 .
V M M - 4 R e s o u r c e Po t e n t i a l
U n c o n v e n t i o n a l u n r i s k e d P 5 0 r e c o v e r a b l e r e s o u r c e s
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
VMM-37
VMM-4
(1) Petrotech Engineering Ltd. - VMM-4 Resource Evaluation Report – Effective Date: April 30, 2013.The unconventional prospective resources set forth in the report prepared by PetrotechEngineering Ltd. have not been disclosed in a Statement of Reserves Data pursuant to NI 51-101.
12
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Block Partners Planned Wells
A VMM-1 Lewis Energy 3 Horizontal
B Bolivar Global Energy 2 Horizontal
C Santa Isabel Conoco/Canacol 13 Strat/Horizontal
D VMM-2 Exxon/Canacol 3 Strat/Horizontal
E VMM-3 Shell/Canacol 3 Horizontal
F Midas-B Petronorte 2 Strat/Horizontal
G VMM-27 Shell 2 Horizontal
H VMM-28 Shell 2 Horizontal
Regional Drilling Activity | VMM-4
Recent Exploration Activity on Nearby Blocks
Santa Isabel – Conoco/Canacol
• Oso Pardo-1/Prod 205 BOEPD.
• Morsa-1 Prod 832 BOPD + 160,000 MSCFPD.
VMM-2 – Exxon/Canacol
• Mono Arana-1/Tested 1,043 BOPD.
Midas – Petronorte
• Acordeonero Field - Production from Lower Lisama Sands.
• Cumulative Production of 205,670 BO (23 API) in Q1/14.
• Acordeonero-1 - Produced 102,833 BO in Q1/14.
• Acordeonero-2 - An appraisal well, is currently being drilled to the
Lisama target at a depth of 8,800 ’.
Source: Midas Data from Monthly Scout Report - Petronorte Group
VMM-4
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Talora Block | Petrodorado
A c q u i re d 3 0 % i n t e re s t i n 3 4 , 1 9 4 g ro s s a c r e s ( 1 3 9 k m 2) .
o E xc e l l e n t c o n t ra 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 ro y a l t y.
o E x p l o rat i o n t e r m i s u p t o 6 y e a rs , e x p l o i t a t i o n t e r m
i s 2 2 y e a rs .
Talora
Producing Fields
14
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Nearby Production | Talora Block
Block Field/Wells Operator Production*
1 Matambo Gigante Emerald Energy 290 BOPD
2 Rio Magdalena Popa Pacific Rubiales 3.5 MMSCFT
3 Mana Mana Interoil 1,737 BOPD
4 Puli Puli Ecopetrol 200 BOPD
5 Buganviles Delta Pacific Rubiales 100 BOPD
6 Abanico-A Abanico Pacific Rubiales 3,500 BOPD
7 Boqueron Guando Petrobras 11,000 BOPD
8 Chipalo Chipalo Pacific Rubiales Suspended
9 San luis Espinal Vetra 5,000 BOPD
10 Ortega Ortega Ecopetrol 920 BOPD
11 Espinal Purificacion Perenco 1,800 BOPD
12 Abanico-B Abanico Pacific Rubiales 3,500 BOPD
*Source: Scout Reports, June 2014
Talora
Nearby Production Highlights
T h e T a l o r a B l o c k i s s u r r o u n d e d b y s e v e r a l m a j o r o i l
f i e l d s . T h e l a r g e s t f i e l d i n t h e r e g i o n , G u a n d o , i s
e s t i m a t e d b y m a n a g e m e n t t o h a v e r e c o v e r a b l e r e s o u r c e s
o f 1 2 6 M M B O ( w i t h o v e r 1 b i l l i o n B b l s i n p l a c e ) .
15
S E I • T S X - 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 T h e Ve rd a l - 1 X w a s d r i l l e d t o i n l a t e
2 0 1 0 a n d m a d e a ga s /c o n d e n s at e
d i s c o v e r y i n t h e o v e r - p re s s u re d L a
L u n a r e s e r vo i r.
o T h e Ve rd a l - 2 X wa s d r i l l e d a n d c a s e d
t o t h e t o p o f t h e d i s c o v e r y s a n d i n
D e c e m b e r 2 0 1 3 .
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
d r i l l t h e d e e p e r p ay s a n d s e c t i o n
u n d e r b a l a n c e d .
o Te c h n i c a l a n a l y s i s i n d i c at e s t h a t t h e
L a L u n a s t r u c t u re s h o u l d b e h i g h l y
p ro d u c t i ve a n d w o u l d m o s t l i ke l y
c o n s i s t o f ga s - c o n d e n s ate .
o C u r re n t l y w o r k i n g o n a p ro d u c t i o n
l i c e n s e f o r t h e Ve rd a l a r e a .
Source: Sintana Subsurface Team - Colombia, July 2014
16
S E I • T S X - 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
T h e D o ra d o s - 1 X w e l l r e a c h e d T D o f 7 , 2 8 2 ’ o n
S e p t e m b e r 2 9 , 2 0 1 2 .
o D i s c o v e re d a n e xc e p t i o n a l l y t h i c k “ D o ra d o s
S a n d s ”. I n t h e C r e t a c e o u s s e c t i o n .
o M e a s u re d d e p t h f ro m a b o u t 5 , 1 6 0 f e e t t o
b e l o w 7 , 0 0 0 f e e t , o r a ro u n d 1 , 8 5 0 f e e t
t h i c k ( g ro s s ) .
o E xc e l l e n t w e t ga s s h o w s ~ 5 0 0 f e e t
f o l l o w e d b y ~ 3 0 0 f e e t o f l i g h t o i l a n d
c o n t i n u e d ga s s h o w s .
o D u e t o f o r m a t i o n d a m a ge , t h e t e s t i n g o f
s i x ( 6 ) z o n e s y i e l d e d l i m i t e d r e s u l t s , b u t
d i d c o n f i r m e m u l s i f i e d o i l ( 2 4 o A P I ) i n t h e
D o ra d o s S a n d s e c t i o n .
Source: Sintana Subsurface Team - Colombia, July 2014
17
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Dorados 1X Well – Drilling Results
o M u d l o g g i n g l i t h o l o g y i n d i c a t e s a
C e n o m a n i a n a g e s a n d s t o n e i n t e r va l .
o S o n i c / n e u t ro n m e a s u re m e n t s
i n d i c a t e h i g h l y f ra c t u re d s e c o n d a r y
p o ro s i t y w i t h 2 0 % m a t r i x p o ro s i t y.
o Pe t ro p hys i c s i n d i c a t e s 1 5 0 ’ o f n e t
p ay a t h i g h o i l s a t u rat i o n i n t h e
s a n d st o n e /s h a l e s e q u e n c e o f h i g h e s t
ga s s h o w s .
o F i v e ( 5 ) s w a b b i n g D S T ’s w e r e
p e r fo r m e d i n t h e i n t e r va l w i t h
s t ro n g ga s s h o w s a n d t ra c e s o f 2 4 O
A P I o i l i n u p p e r i n t e r va l s .
Source: Sintana Subsurface Team - Colombia, July 2014 Gas Shows Oil Shows
18
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Ea c h o f S i n t a n a ’s B l o c k s a r e n e a r t h e m a i n
o i l & ga s p i p e l i n e s .
Ta l o ra i s l o c a t e d w i t h i n ~ 6 0 Km o f t h e u n d e r -
s u p p l i e d B o g o t á ga 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 re d h i g h l y
c o m m e r c i a l . ( $ 8 . 0 0 / M M BT U ) ( 1)
P i p e l i n e C a p a c i t y : ~ 9 5 M B O P D *
Pe a k T h ro u g h p u t : ~ 7 0 M B O P D *
Av a i l a b l e C a p a c i t y : ~ 2 5 M B O P D * .
E x p e c t e d G a s T i e - i n i s C h i c o ra l P i p e l i n e ( 1 0
k m s o u t h w e s t o f C O R - 3 9 ) .
G o o d ro a d i n f ra s t r u c t u re a n d a c c e s s t o a l l
b l o c k s .
Regional Access to Markets
*MBOPD = Estimated Million Barrels of Oil Per Day
Source: Industry published/Wood MacKenzie Database* (1) Canacol Press Release – September 23, 2014
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
A highly skil led, results oriented Executive Management Team and Board of Directors with signif icant
International operations and finance expertise.
Executive Management & Directors
Executive Management
Keith Spickelmier - Executive Chairman,Attorney - Capital Markets and Corporate Finance
Douglas Manner - Chief Executive Officer,Reservoir Engineer - Strategy and Corporate Finance
David Cherry - President & Chief Operating Officer,Business Development - Operations
Carmelo Marrelli - Chief Financial Officer Chartered Accountant - Compliance
Sean Austin – Vice PresidentCorporate - Finance, Accounting and Administration
Gregory Schlachter - Reservoir Engineering ManagerReservoir Data Acquisition and Analysis
Board of Directors
Keith Spickelmier
Douglas Manner
Ian Macqueen- Independent Director Equity Research Analyst with Paradigm Capital
Bruno Maruzzo - Independent DirectorEngineer/MBA/Consultant - Business Development
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S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Capital Structure
Source: Sintana Energy – effective as of February 3, 2015
Capital Structure
Issued and Outstanding 116.9M
Options Outstanding 7.7M
Warrants Outstanding 3.7M
Fully Diluted 128.2M
Gross Acres 232K
52 Week High/Low $0.09/$0.39
21
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Contact Information
S i n t a n a E n e r g y . c o mi n f o @ s i n t a n a e n e r g y . c o m
Sintana Energy Inc. – USA Office
6860 North Dallas Parkway, Suite 208,
Plano, TX. USA 75024
Sean Austin, Vice-President
T: 713.825.9591
Sintana Energy Inc. – S.A. Operations
Avenida 9 No. 113-52
Oficina 1804, Torres Unidas II
Bogotá D.C., Colombia
22
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Keith Spickelmier, Executive Chairman – Fou n der o f Nort hbrook En ergy LLC. He was t h e Fou n der
an d Ch a i rman of West s id e En ergy, a comp any h e grew f rom star t -up to US $200 mi l l ion sa le . Par t i c ipated
in n u merou s p u bl i c an d p r ivate en ergy invest ments . P ract ic in g attorney f rom 1986 to 2 0 0 0 .
Douglas Manner, Chief Executive Officer – Founder o f Northbrook En ergy LLC. He has 3 3 years of
Indu st ry exper ien ce in c lud ing 1 5 years with Ryd er Scott . Former COO o f Gulf Canad a Resources ,
manag in g operat ion s in 2 0 countr ies wit h 150 ,0 0 0 b oepd . Former COO o f Kosmos En ergy, (o ffsh ore
Gh an a) CEO o f Bel lwet h er Resources , (South America explorat ion ) and West s ide En ergy (Barn ett Sh a le
d eve lopment) .
David Cherry, President and Chief Operating Officer – Foundin g Partn er of Northbrook En ergy
LLC. and Found er of Petroven In c . He h as 3 6 years of indu st ry exp er ien ce wit h expert i se in prosp ect
ident i f i cat ion, eva luat ion and st ructur ing of acqu is i t ions and var ious types of o i l and gas t ransact ions .
Greg Schlachter, Reservoir Engineering Manager – Mr. Sch lachter h as over 2 4 years exper ience as
a reser voi r and p rodu ct ion test in g en gineer, Pr ior to jo in in g th e Company h e worked for 1 4 years with
Sch lu mb erger ; the f in al 2 years in South Amer ica as Sch lu mb erger ’s Reser voi r Eng in eer ing D omain
Ch amp ion cover in g Peru , Co lomb ia an d Ecu ad or.
Key Management
23
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Keith Spickelmier, Executive Chairman
Doug Manner, CEO, Director
Ian Macqueen, Independent Director – Mr. Macqu een is current ly an Equ ity Research Ana lyst with
Parad igm Cap ita l and a former Equ ity Research An a lyst wi th CIBC Wor ld M arket s , Versant Partn ers ,
M acqu ar ie Cap ita l M arket s , Or ion Secur i t ies and Dundee Secu r i t ies . He is a lso a former A&D sp ec ia l i st
with Waterous and Co. M r. Macqueen is a Profess iona l Geolog ist and member of APEGA .
Bruno Maruzzo, Independent Director – M r. M aruz zo is th e Pres id ent (pr in c ip a l ) of Techn oVenture
In c . , a Toronto based bu s in ess con su lt in g company. Previou s ly h e ser ved on th e aud it committees of
P in etree Capita l Ltd . , Cr i t i ca l Outcome Techn olog ies In c . , Hami lton Th orn e L imited (formerly Ca lotto
Cap i ta l In c . ) an d Cleanf ie ld A l ternat ive En ergy In c .
Board of Directors
24
S E I • T S X - V E x p l o r i n g A B e t t e r W a y
Carmelo Marrel l i , Chief Financial Off icer – Mr. Marrel l i has over 1 5 years exp er ien ce as Chief
F in an c ia l Off i cer of severa l publ i c ly l i sted jun ior min ing comp anies . He is a Ch artered Accountant and
Cert i f ied Gen era l Accou ntant in Can ad a .
Sean Austin, Vice President, Control ler, Secretary & Treasurer – M r. Au st in h as over 30 years
exp er ience in o i l an d gas f in an c ia l p lan ning , an a lys i s an d cont ro l . He was t h e CFO an d a D i rector o f
I r v ine Energy USA and CFO of Wests ide Energy. He prev ious ly spent 23 years wi th Hess in sen ior
p os i t ion s in c lu d ing Corp orate Cont ro l ler an d Head –Worldwide Exp lorat ion an d Prod u ct ion F in an c ia l &
Commerc ia l Ser v ices .
Lee Pett igrew– Mr. Pett igrew b rin gs more th an 2 0 years o f invest ment b an kin g exp er ien ce sp ec ia l i z in g
in o i l & gas to S intana. After start ing his career with F irst Boston Corporat ion in New York, M r. Pett igrew
sub sequ ent ly jo in ed Gord on Cap ita l in Toronto and th en Ca lgary to co -h ead Gord on's o i l and gas effort s .
He was a founder of Newcrest Cap ita l wh ich was b ou ght by TD Ban k. He was a M anaging D irector in TD's
En ergy Group, M anag in g D irector of Or ion Secur i t ies wh ich was so ld to M acqu ar ie Ban k . In 2009, h e left
M acq u ar ie Ban k an d fou n ded M ercar i Cap i ta l Ltd .
Management Team
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