Vaca Muerta Strategic Investment
873
IP 30 (bbl/d)
180-day cum (kbbl) 125
734
Gas EUR (Bcf) 0.6
Dry gas IP 30 (MMcf/d) 0.5
Potential for Superior Returns
Well productivity and well cost reduction drive economics
Vista Vaca Muerta Type Curve (1)
Oil EUR (kbbl)
Well Cost Reduction Drive Boost in IRRS (2)
Total EUR (kboe)
983
(IRR %)
IP 30 (boe/d)
826
6,560 ft (2,000m)
horizontal well cost:
$9.5 MM
NPV10 after tax
(SMM)
120%
180-day cum (Bcf) 0.1 180-day cum (kboe) 141
$11.5
$10.5 MM
▪ Type curve based on Bajada del Palo simulation model, historical
production between the Orgánico and La Cocina targets, and
horizontal laterals of >3,280 ft (1,000 m)
Daily
1,000
Production
(bbl/d per 4,920ft (1,500m))
100
0
P50
100%
$9.4
80%
60%
$9.9
$10.5
$11.5 MM
$7.8
$8.3
$8.9
$9.4 $12.5 MM
$6.2
$6.8
$7.3
$7.9
40%
$5.2
$5.8
$6.3
200
P50
Cumulative
Production
(MMbbl per 4,920ft (1,500m))
150
100
50
0
100
300
500
700
(Days)
$4.2
$4.7
20%
$3.2
0%
$55
$60
$65
$70
$75
Brent $/bbl
(1) Based on independent third party analysis on Company's acreage made by WDVG - Petroleum Engineering Laboratories.
(2) Does not include capital expenditures for facilities.
Important Note: projections, estimates, targets and goals are forward-looking statements and not guarantees of future performance. See "Important Note Regarding Projections and Other Forward-Looking
Statements."
11View entire presentation