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Operations

      • PetroShale provides exposure to a diversified portfolio of working interests within high-quality, large oil-in-place projects in the core and most economic part of the Bakken / Three Forks play in North Dakota, US.
      • The US Bakken is a complete petroleum system with source rock featuring multiple stacked zones accessible for development: Middle Bakken, Three Forks Benches One, Two, Three & Four, Pronghorn/Sanish and Lodgepole.
      • Acquisitions have been concentrated in the high-value ‘heart’ of the play (avoiding the fringe) where we target projects with one year cumulative production >200,000 barrels of oil (BO) & EURs >800,000 BO.
      • PetroShale has one operated drilling unit, in which it has a 73% working interest, and the Company recently completed a significant horizontal well on this drilling unit with initial test production between 2,500 and 3,000 bopd (late 2016/early 2017).
      • Our non-operated land interests are operated by the most efficient and effective operators in the basin, and offer near-term drilling opportunities.
      • Continued evolution in completion technologies and increased drilling spacing provides opportunity to capture greater upside & improve recoveries

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Well density is key to development:

Industry continues to advance completion technologies, increase density and identify additional Three Forks benches which could significantly expand the opportunity.

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PetroShale’s acreage is situated in the heart of the play and within or adjacent to some of the most prolific parts of the reservoir.

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