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Corporate Presentation
Unconventional Exploration In Colombia
September 18, 2014
SNN
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
2014 © Sintana Energy Corp. All Rights Reserved
-V
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S N N | 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
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.
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S N N | T S X . V E x p l o r i n g A B e t t e r W a y
3. 0 B i l l ion BO Potent ia l
1. 9 B i l l ion BO Proved
Dr i l led Dorados -1X Wel l in 2013
Dr i l led Verda l -2X Wel l in 2014
Working on Product ion L i cense for Verda l d i scovery
40. 0 B i l l ion BO Potent ia l
4. 0 B i l l ion BO D iscovered
Completed Farm -out wi th ExxonMobi l - N ovember 2012
Rece ived Env i ronmenta l Permit for VMM -37 - Januar y 2014
Dr i l l ing 2 Unconvent iona l Sha le wel l s in 2014/2015
Colombia Focus
U p p e r M a g d a l e n a
Sources: Industry published/Wood MacKenzie Database*ANH-2012, Colombia Potential Hydrocarbon Resources
M i d d l e M a g d a l e n a
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S N N | T S X . 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)
(1) Sintana - 100% of the Conventional and 30% of the Unconventional Resources,
ExxonMobil farm-in for 70% of the Unconventional Resources
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 504,282
Middle Magdalena
Upper Magdalena
Unconventional
Conventional
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S N N | 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 and results driven 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
Carmelo Marrelli - Chief Financial Officer Chartered Accountant - Compliance
Phillip De Gruyter - VP Exploration & SA ManagerGeoscience and Operations
Gregory Schlachter - Reservoir Engineering ManagerReservoir Data Acquisition and Analysis
Board of Directors
Keith Spickelmier
Douglas Manner
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
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S N N | T S X . V E x p l o r i n g A B e t t e r W a y
SINTANA
S intana’s VMM -4 and
VMM-37 jo int vent ure
wi t h ExxonMobi l are
located in t he Sweet
Spot o f t he Middle
Magdalena Bas in
Unconventional | Majors
Producing Oil Fields
VMM-37Joint Venture
VMM-4
COR-11
TALORA
COR-39
Bogota
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S N N | 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 | 2014/2015
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 or Hor izontal Wel ls scheduled dur ing
2014/2015; recent t ransact ions include:
Sintana farm-out to ExxonMobi l (VMM-37)
o Valued at up to $ 120M (1)
o 1 Vert ica l/1 Hor izontal Wel l
ExxonMobi l /Canacol (VMM-2 – $774/acre)
o 3 Strat or Hor izontal Wel ls
o In i t ia l wel l now dr i l led/tested
Shel l/Canacol (VMM-3 – $1,140/acre)
o VMM-3: 3 Hor izontal Wel ls
o VMM-27: 2 Hor izontal Wel ls
o VMM-28: 2 Hor izontal Wel ls
Conoco/Canacol (Santa Isabel – $3,004/acre)
o valued at $122M (2)
o 13 Vert ica l/Hor izontal wel ls
Lewis Energy (VMM-1)
o 3 Hor izontal Wel ls
VMM-1
(1) Sintana Press Release November 12, 2012(2) Canacol Energy Presentation- July 2013
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S N N | 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
Source: Scout Reports, June 2014*
Producing Fields
VMM-37
Production Highlights
B l o c k i s s u r r o u n d e d b y m a j o r o i l f i e l d s ; 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 c o v e r a b l e e s t i m a t e s o f u p t o 2 b i l l i o n
b b l s a n d 3 b i l l i o n b b l s r e s p e c t i v e l y . L a C i r a I n f a n t a s ( 9 5 0
M M B O ) o p e r a t e d b y E c o p e t r o l i s t h e l a r g e s t o i l f i e l d i n
t h e b a s i n .
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S N N | 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 a n d P h a s e I I
d e v e l o p m e nt p ro g ra m .
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
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 . $ 6 5 M M ) .
o P h a s e I I – f i r s 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 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
t h e M a n a t i B l a n c o - 1 X ( v e r t i c a l ) f o l l o w e d b y t h e
M a n at i G r i s - 1 X ( h o r i zo n t a l ) w e l l .
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 . 5 M M B O r e s p e c t i ve 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
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S N N | 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 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 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 ro s p e c t s .
o C o n v e n t i o n a l s e c t i o n s w i l l b e t e s t e d i f h y d ro c a r b o n s
a r e p r e s e n t b e f o re d r i l l i n g d o w n t h ro u g h t h e d e e p e 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 zo ) w i t h t h e h i g h - p o t e n t i a l u n c o nv e n t i o n a l
S h a l e O i l .
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’
Source: Sintana Subsurface Team - Colombia, July 2014
15,000’
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S N N | 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 E a g l e F o r d S h a l e s .
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 c o v e r a b l e
r e s e r v e s e s t i m a t e d a t 1 0 - 4 0 B i l l i o n
b b l s ( S o u r c e : A N H , 2 0 1 2 ) .
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
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 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
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S N N | T S X . V E x p l o r i n g A B e t t e r W a y
Oil Potential | VMM-37
R i c h e s t s o u r c e - r o c k b a s i n i n t h e w o r l d ;
s a m e C r e t a c e o u s b a s i n a s M a r a c a i b o ,
b u t u n e x p l o r e d .
C o n v e n t i o n a l Te r t i a r y S a n d s
• P i n c h o u t s & S t r u c t u r e s
• C o n v e n t i o n a l M i d - M a g p l a y
C o n v e n t i o n a l C r e t a c e o u s
• 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
• F r a c t u r e - e n h a n c e d T i g h t O i l
L i m e s t o n e / S a n d s
U n c o n v e n t i o n a l O i l S h a l e s
• U p p e r C r e t a c e o u s L a L u n a & L o w e r
C r e t a c e o u s Ta b l a z o S h a l e s &
L i m e s t o n e s
• 1 5 0 0 ’ & 5 0 0 ’ t h i c k r e s p e c t i v e l y
Source: Sintana Subsurface Team - Colombia, July 2014
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S N N | T S X . 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
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S N N | 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 iona l prosp ect s and
four (4 ) convent ion al lead s h ave b een
id ent i f ied o n ex ist in g 2D se ismic .
Th e M on o Arañ a- 1, dr i l led by ExxonMobi l
8 0 kms n orth of VMM -3 7 rep orted 8 5 feet
o f Net Pay.
o F lowed 1,242 barrels of o i l per day
d u r ing a sh ort term test .
o F lowed 1,0 4 3 BOPD (2 2 o API ) on a long
term test .
o I s very s imi lar to th e Lisama Wed ge Play
at VM M -3 7.
S intan a is act ive ly pursu in g p otent ia l
p artn ers for th e convent iona l exp lorat ion
p rogram o n VM M - 3 7.
Convent iona l unr isked P5 0 recoverab le
resource est imate net to Sintana of 5 0.5
MMBO. (1)
Conventional | VMM-37
(1) Petrotech Engineering Ltd. - VMM-37 Resource Evaluation Report – Effective Date: July 31, 2012
Source: June 2014 Monthly Scout Production Reports
9 km
La Cira Infantas21,400 BOEPD
Cantagallo/Yarigui14,831 BOEPD
Casabe19,100 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 N N | 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 ( 3 8 , 7 2 7 n e t ) .
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 .
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 , 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 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
t h e c o n v e n t i o n a l p ro s p e c t s a n d e v a l u at e 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 .
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
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S N N | T S X . V E x p l o r i n g A B e t t e r W a y
Block Field/Wells Operator/JV Production/Test
1 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
2 Santa Isabel Oso Pardo-1 Conoco/Canacol Prod 205 BOPD
Morsa-1 Conoco/Canacol Prod 860 BOEPD
3 VMM-2 Mono Arana-1 Exxon/Canacol Test 1,043 BOPD
4 Fortuna Totumal 1-5 Ecopetrol Prod 800K+ BO
5 Midas-A Chuira Field Petronorte Prod 45 BOPD
6 Tisquirama-B Los Angeles Petronorte Prod 600 BOPD
7 Barranca Barranca-Lebrija Ecopetrol Prod 9 BOPD
8 Tisquirama San Roque Ecopetrol Prod 600 BOPD
9 Midas-B Acordeonero Petronorte Prod 2,200 BOPD
10 Midas-C Zoe Petronorte Prod 25 BOPD
11 Tisquirama-A Santa Lucia Petronorte Prod 300 BOPD
12 La Paloma Colon Petronorte Prod 579 BOPD
13 Pavas Pavas Ecopetrol Prod 47 BOPD
14 Toca Chuira Field Petronorte Prod 45 BOPD
Nearby Production | VMM-4
VMM-4
(1) Global Energy’s Form 51-101 reported 3P reserves of 337 MMBO
Source: Scout Reports, June 2014
16
S N N | 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 wells (horz/vert)
D VMM-2 Exxon/Canacol 3 Strat/Horiz
E VMM-3 Shell/Canacol 3 Horizontal
F VMM-27 Shell 2 Horizontal
G VMM-28 Shell 2 Horizontal
Drilling Activity | VMM-4
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
Source: Midas Data from Monthly Scout Report - Petronorte GroupVMM-4
17
S N N | 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 | Upper Magdalena
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 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 Abanico Pacific Rubiales 3,500 BOPD
Source: Scout Reports, June 2014
Talora
COR-39
Nearby Production Highlights
T h e S i n t a n a B l o c k s a r e 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 ) .
COR-11
18
S N N | 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 0 , 2 5 8
n e t a c r e s ) .
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
(1) Sintana Subsurface Team - Colombia, July 2014
19
S N N | 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 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
Te t u a n 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 Te t u a n 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
20
S N N | 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 E n c o u n t e re d a n e xc e p t i o n a l l y t h i c k
s a n d - p ro n e s e q u e n c e w h i c h w a s
n e v e r p r e v i o u s l y r e p o r t e d i n t h e
b a s i n .
o T h i s n e w C r e t a c e o u s s e c t i o n , n a m e d
t h e “ D o ra d o s S a n d s ,” h a s a 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 W h i l e d r i l l i n g , t h i s s e c t i o n y i e l d e d
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
s h o w s a n d c o n t i n u e d ga 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 0 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
21
S N N | T S X . V E x p l o r i n g A B e t t e r W a y
COR-39 Farm-in |
3 0 % f a r m - i n i n t e re s t i n 9 5 , 1 0 6 g ro s s a c r e s ( 2 8 , 5 3 1 n e t
a c r e s ) .
o 1 0 0 k m o f 2 D s e i s m i c w a s a c q u i re d a t a c o s t o f
~ $ 2 . 5 M M n e t t o S i n ta n a .
o P h a s e I w o r k p ro g ra m r e q u i re s t w o ( 2 ) w e l l s .
o D r i l l i n g p ro g ra m h a s b e e n d e l aye 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 ro g ra m c o s t i s ~ $ 1 0 M M . (1)
COR-39
Producing Fields(1) Based on Sintana Net Cost Estimate
22
S N N | T S X . 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 dril led Dorados-1X well in Talora block
with its new thick, quartz -rich sand (500-2000-
foot thickness; Cretaceous Cenomanian in age)
which is highly signif icant for future
exploration.
o Dura SS reservoir: 3 prospects and 7 leads
have been identif ied based on 2D seismic.
o Tetuan Limestone reservoir: 4 leads
identif ied.
o Active Oil seeps (> 20) inner & outer of the
COR-39 Block is a strong evident of an active
Petroleum System.
Dril l ing of two (2) vertical exploration wells
currently planned for 2015.
SE Conchitas Orion Updip
Cumaca
Gladiador Deep
Conchitas Deep
Cacique East
Proposed location
Existing wells
Tentative leads
Firm Leads
Existing 2D Seismic
Proposed 2D Seismic
UNIAUNIA DEEP
UNIA HW
5 km
Map Source: Canacol Energy Presentation - March 2012
23
S N N | T S X . V E x p l o r i n g A B e t t e r W a y
3 0 % f a r m - i n i n t e re s t s i n 1 7 6 , 9 1 5 g ro s s a c r e s ( 5 3 , 0 7 4
n e t ) .
o P ro g ra m t o a c q u i re 1 5 5 k m o f 2 D s e i s m i c , o r i g i n a l l y
s c h e d u l e d f o r Q 1 / 1 4 h a s b e e n d e l ay e d d u e t o
w e a t h e r a n d o t h e r f a c t o rs , n o f i r m d a t e y e t
d e t e r m i n e d .
o O n e w e l l c o m m i t m e n t ( d r i l l , c a s e , t e s t , c o m p l e t e &
e q u i p ) .
o E s t i m a t e d t i m i n g i s 2 0 1 6 .
N e t r e m a i n i n g wo r k p ro g ra m c o s t i s ~ U S $ 1 4 m i l l i o n . (1 )
COR-11 Farm-in |
COR-11
Producing Fields(1) Based on Sintana Net Cost Estimate
24
S N N | 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 f i v e ( 5 ) 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 a n d C O R B l o c k s a r e w i t h i n ~ 6 0 Km o f a n
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 .
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
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 DaySource: Industry published/Wood MacKenzie Database*
25
S N N | T S X . V E x p l o r i n g A B e t t e r W a y
March 2011
$21.1 Million Bought-deal Private Placement Underwritten by:
Co-lead:
SyndicateIncluded:
March 2012
$9.2 Million Bought-deal Private Placement Underwritten by:
Co-lead:
SyndicateIncluded:
Corporate Finance
Analyst Coverage
26
S N N | 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 | Ownership
Source: Sintana Energy as of September 18, 2014
42%
19%
10%
29%
Institutions Funds Management Retail
Ownership BreakdownCapital Structure
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
27
S N N | 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 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
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