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Porto Energy Corp
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Enercom's Oil & Gas Conference 17
| Joseph Ash | Page 2 of 11 |
October 31, 2024
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"Enercom's Oil & Gas Conference 17"
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E&P operating company with seven oil & gas concessions in Portugal Top tier fiscal terms and infrastructure to access oil and gas markets Significant resource/ reserve potential identified and expanding* - 2,508 mmboe Best Estimate Unrisked Resources - 483 mmboe Best Estimate Risked Resources Dominant land position in frontier salt basin (~1.9 million gross acres ) Joint Venture update: - Lias JV - 1 covers ~1/3 of Lias potential (570,488 acres), data room open - Farm out signed with Galp to enter into Aljubarrota concession and Lias AMI Second half of 2012: - One pre - salt well (Alcobaça #1, 588 BCF target, 50% WI) - 19 stratigraphic wells within the Jurassic Lias covering multiple licenses and targeting 748 mmboe in unconventional resources 2013 activity could include 2 - 3 follow up wells and 2 appraisal wells in Lias 2 * 8/8ths numbers b ased on Netherland, Sewell & Associates, Inc . (NSAI) Resource Report updated March 31, 2012 Porto Summary