International Office: MADALENA ENERGY S.A. - - PowerPoint PPT Presentation

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• www.madalenaenergy.com

Head Office: MADALENA ENERGY INC. Suite 200, 707 - 7th Avenue SW Calgary, Alberta, Canada T2P 3H6 International Office: MADALENA ENERGY S.A. 1209 Posadas, 5th Floor Buenos Aires, ARG C1011ABE

MVN (TSX-V)

FORWARD-LOOKING INFORMATION ADVISORY

NOVEMBER 2013 2

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MADALENA: Corporate Overview

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NOVEMBER 2013

Kevin Shaw, P. Eng., MBA – President & CEO

• Previously Managing Director & Head of Energy Research, Casimir Capital,

Senior E&P Research Analyst and Partner, Wellington West Capital Markets

• Prior thereto, held various technical, senior management and/or officer

roles with ExxonMobil (via Imperial Oil), Trimox Energy Inc., WorleyParsons.

Thomas Love, CA – VP, Finance & CFO

• Previously CFO, Online Energy Inc., CFO, Trimox Energy and Moxie

Exploration and President & CEO, Moxie Petroleum

• Prior thereto with Westward Energy Ltd. and Charterhall Oil Canada,

Articled at Clarkson Gordon & Co. (now Ernst & Young LLP)

Steve Dabner, P. Geol. – VP, Exploration

• Previously President and CEO, Online Energy Inc., President & CEO,

Trimox Energy and Moxie Exploration and VP Exploration, Moxie Petroleum

• Prior thereto with Cimarron Petroleum Ltd. and Home Oil Company Ltd.

Brent Foster, P. Eng. - VP, Engineering

• Previously VP, Engineering, Online Energy Inc., VP, Engineering & COO,

Blue Mountain Energy Ltd. and VP, Engineering of a Private-co E&P

• Prior thereto with Rigel Oil and Gas Ltd., Home Oil Company Ltd, Santos

Robert Stanton, P. Eng. - VP, Operations

• Previously VP, Operations, Online Energy Inc., VP, Engineering and

Operations, Result Energy Inc.

• Prior thereto with Oiltec Resources Ltd., Pinnacle Resources Ltd., Jordan

Petroleum Ltd., Transwest Energy Inc., Triton Canada Resources Ltd., Canadian Worldwide Energy Ltd. and Petro-Canada Inc.

Raymond Smith, P. Eng. (Chairman)

• President, CEO & Director, Bellatrix Exploration Ltd.

Barry Larson

• VP Operations & COO, Parex Resources Inc.

Keith MacDonald

• President, Bamako Investment Management Ltd

Jay Reid

• Partner, Burnet, Duckworth & Palmer LLP

Ving Woo, P. Eng.

• VP, Engineering & COO, Bellatrix Exploration Ltd.

Kevin Shaw, P. Eng., MBA

MANAGEMENT TEAM * BOARD OF DIRECTORS

Ruy Riavitz – Argentina Country Manager

• Previously E&P Manager, Hidenesa Gas SA (now GyP of Neuquen) &

Independent Engineering Consultant

• Prior thereto Senior Consultant, PA Consulting, Reservoir Engineer, YPF

EXPERIENCED FULL-CYCLE OPERATING TEAM

4 NOVEMBER 2013

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5 NOVEMBER 2013

DOMESTIC ASSETS: Alberta, Canada

GREATER PADDLE RIVER CORE AREA: Strategically Focused

ALBERTA ALBERTA

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GREENCOURT PADDLE RIVER NITON LEAMAN BIGORAY WILDWOOD

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7 NOVEMBER 2013 Expected Area of Ostracod Prospectivity

Madalena Lands Depth to Ostracod

69 Gross Secs. 58 Net Secs.

Ostracod Rights

85% Avg. W.I.

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OSTRACOD OIL: Horizontal Development Project

NORDEGG OIL & LIQUIDS-RICH GAS: Emerging Resource Play

Madalena Lands

183 Gross Secs. 80% Avg. W.I. 146 Net Secs.

Nordegg Rights

• Nordegg Resource Widespread

across Madalena Lands

• Inventory of Horizontal

Locations

• Initial Focus – Wildwood Area
• Liquids-rich with Vertical

Producers at >100+ bbls/mmcf *+,*/,

Depth to Nordegg

8 NOVEMBER 2013 NORDEGG RESOURCE + 55 MM BOE of Oil & LIQUIDS-RICH GAS PRODUCED TO DATE (AER Data) Madalena 15-12 Horizontal GREENCOURT PADDLE RIVER BIGORAY LEAMAN WILDWOOD 6 miles

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NOTIKEWIN / WILRICH GAS: Low-Risk Development Projects

9 NOVEMBER 2013

• Regional Mannville Trends
• Focused on Notikewin & Wilrich
• Inventory of Horizontal Locations
• Liquids @ 28 to 35 bbls/mmcf DHFDIF

Madalena Lands Depth to Notikewin

175 Gross Secs. 136 Net Secs.

Notikewin Rights

78% Avg. W.I.

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6 miles

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Source: Geological Atlas of the Western Canadian Sedimentary Basin Figure 31.7: The occurrence and maturity of the Duvernay source facies in the Western Canadian Sedimentary Basin

DUVERNAY SHALE: Exposure on 100+ Net Sections

10 NOVEMBER 2013

MADALENA DUVERNAY LANDS >100 Net Sections (100% WI)

Recent Industry Duvernay Wells

DUVERNAY WEST SHALE BASIN: OVERVIEW

Edmonton

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INTERNATIONAL ASSETS: Neuquén Basin, Argentina

11 NOVEMBER 2013

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VACA MUERTA SHALE – All Three Blocks

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Vaca Muerta Thermal Maturity

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BLOCK #1: COIRON AMARGO – Overview

15 NOVEMBER 2013

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BLOCK #2: CURAMHUELE – Overview

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BLOCK #3: CORTADERA – Overview

17 NOVEMBER 2013

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MADALENA (MVN TSX-V) – Activity & Catalysts for Growth

18 NOVEMBER 2013

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APPENDIX # 1: EIA - Argentina’s Shale Potential

19 NOVEMBER 2013

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NOVEMBER 2013 20

APPENDIX # 2: Neuquén Basin Regional X-Section C FEE )EE$" ECCE FE LF# %F" 2&E$#E" 2 F"FE#"E

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NOVEMBER 2013 21

APPENDIX # 3: Primary Unconventional Target Formations

Lower Agrio Shale

• Known hydrocarbon source in the NW of the basin
• Consists of marine dark shales and marls deposited in

an anoxic environment

• Generally contains amorphous marine Type II to II-III

kerogen (oil-prone on Madalena blocks) Mulichinco Tight Sandstone

• Westward thickening liquids-rich gas play
• Deposited during and after a major fall in sea level

Quintuco

• Silty shale / mudstone overlying the Vaca Muerta with
• il and gas development potential

Vaca Muerta Shale

• Driving majority of unconventional exploration in the

basin to date

• Considered primary source rock for conventional

Neuquén oil production

• Similar in age to the Eagle Ford; exhibits similar range

in thermal maturity and transition in resource (dry gas to rich gas to oil)

• Finely stratified black and dark grey shale and

lithographic lime-mudstone

• Organic-rich marine shale, generally contains Type II

kerogen (oil-prone)

• Widespread across the basin

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Curamhuele Cortadera

Present at:

Curamhuele Cortadera All Three Blocks All Three Blocks Additional Zones of Interest

• Tordillo / Sierras Blancas – all three blocks
• Deeper zones (Lotena, Lajas, Los Molles)

– predominantly at Coiron Amargo Varied L(CET 4 "CT

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