petrodorado corporate presentation sep'11

Corporate PresentationSeptember 2011

TSX-V: PDQ www.petrodorado.com 2

Disclaimer: Forward Looking StatementsThis Presentation (the “Presentation”) includes forward looking statements relating to, among other things, (a) the future financial performance and objectives of Petrodorado Ltd. (the “Corporation”) and (b) plans and expectations for the operation of the Corporation. These forward-looking statements are typically, but not always, identified by terminology such as “may,” “will,” “should,” “expect,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “seeks,” “potential,” “continue” or other similar terminology. Forward-looking statements are inherently unreliable, and prospective investors should not rely on them. The forward-looking statements are based on the Corporation’s current expectations, assumptions, estimates and projections about future events. Actual results are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in a forward-looking statement as a result of numerous risk factors. The Corporation has no obligation to update or otherwise revise any forward looking statements after the date of this Presentation or to reflect the occurrence of unanticipated events.

Estimates of unrisked prospective resources pursuant to different sources including internal management evaluation. There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Operational Plans are subject to obtaining local permits and other customary regulatory approvals.

http://www.petrodorado.com/


Table of Contents• Corporate Summary

• Assets Summary– Los Llanos: CPO 5– Upper Magdalena : Talora & Buganviles– Caguan-Putumayo : Tacacho– Peru 135 & 138– Paraguay Pirity

• Differentiating Factors & Summary



Corporate Summary• Experienced, highly skilled with quality prospective Assets in the Right Place

– Direct operating experience and exploration success in South America (>200 years)– Focused on Colombia (6 Blocks), Paraguay (1 block) and Peru (2 blocks).– 47% average working interest, operator in two blocks in Colombia and one block in Paraguay– Large Inventory of Exploration Prospects and Leads (> 70)

• Capital Structure– Basic shares: 483 million– Warrants (@35 cents, expire Dec’12): 181 million (callable if stock price>90cents for 20days) – Options (@49cents, 73cents, 35 cents) : 30 million– Fully diluted 694 million (Mgmt & Board 15%)

• Balance Sheet (in US$) @Sep 1st, 2011– Cash on Hand $55 million– 2011 Budget left $21 million – G&A and overhead - left $ 1 million

(Fully funded 2011 and 2012 capex) $33 million

Warrant Exercise Proceeds US$63Million** 100% warrants exercised

And potentially

*There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Prob of Risked P50 Risked P50P10 P50 P90 Success mmbbl BCF

66 Prospects 1,531 544 193 19% 102

12 Leads 760 402 195 13% 51

2,291 945 388 16% 153 38

Shares diluted

Cash from Warrants

NAVPS

38 694 63 2.35

PETRODORADO RESOURCE (mmbbl)

AssetsTotals

RESOURCE ESTIMATION DONE BY PETROTECH ENGINEERING, IHS ENERGY, PACIFIC RUBIALES MGMT AND PETRODORADO MGMT

38 1,531

$10/risked bbl

$1M/BCF



• Proven hydrocarbon systems in multiple basins with established production and potential for world-class discoveries

• Low government take and low cost oil (royalties and lifting costs)

Why Colombia, Peru and Paraguay?

• Colombia Sliding scale royalties of 8% for under 5,000

boepd to 25% for over 600,000 boepd Corporate tax rate of 33% Drilling success rate of >50% in 2009

• Paraguay Sliding scale royalties of 10% to 14% Corporate tax rate of 10% Government commitment for first 28,000

bopd of production at the wellhead

• Peru Sliding scale royalties of 5% to 15% Corporate tax rate of 30%

Source: ANH (Agencia Nacional de Hidrocarburos)



Operator Partners Basin APIProd bbl/d

1P mbbl

2P mbbl

3P mbbl mmbbl

POS (%) BCF

POS (%) Q1 Q2 Q3 Q4 Q1 Q2

350 km2 2 2 1

480 2

1

25° - 35° test 1

gas

test 1

1

47% 3333 77 477 762 3000 945 16% 193 20%

$16.4

704

$4.4

$6.0

$0.0

$0.0

$0.0

$0.0- 80%- tbd271

Moriche

(Mauritia Este)127177249.5%14°LlanosPREPRE

**Resource Estimated by 1:Petrotech, 2:PDQ Mgmt, 3: PRE Mgmt, 4: IHS Energy US$ Capex

Block** Country W.I.

Area (Net) Acres '000

Un-Risked P50 Resource* 2011 2012# of wellsSeismic (Km)

CPO-52 OVL OVL Llanos 14° - 44°

300026° - 35° 59.5% 44 - 206 491

Caguan Putumayo

15° 49.5% 292 -

115 24% - $9.2

30.0% 148 - - - -

14% -

$0.0

36 32% -

$4.0Tacacho3 PRE PRE

Buganviles3 PREPRE, Loon

U.Mag

- - - 333

$2.8

La Maye1 New Horizon

New Horizon,

PTVL.Mag

- - - 39 36% 193

3 18% - $0.8

Talora2 PDQ Tray U.Mag

-43° - 55° 20% 15 - - -

20%$3.0

65% 38 -

Peru 1381 PRE PRE Ucayali

- - - -Peru 1351 PRE PRE Maranon <20° 45% 1134

Olmedo Pirity

40° - 44° 60% 1200

- 121 10%<20° 45% 460 - - -

TOTAL CAPEX (US$mm)= $32.8

- $3.0

Totals 1038km/350Km 2 5 6

- - - - 183 14%Pirity4 PDQ P'Victory

115 12%

558-

$10.0

-

$6.0

Asset Summary and Operations Plan

Company Maker Blocks

Company Maker Blocks

*There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resourcesOperational Plans are subject to obtaining local permits and other customary regulatory approvals..



Colombia: Basins PDQ Assets

*There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

Los Llanos Basin

Moriche

CPO-5Existing infrastructure

Caguan Putumayo

Tacacho

Upper Magdalena

Talora

BuganvilesExisting infrastructure

Lower Magdalena

La MayeExisting infrastructure

Prob of Risked P50 Risked P50P10 P50 P90 Success mmbbl BCF

57 Prospects 384 172 80 30% 5111 Leads 674 354 177 14% 49

1,057 527 257 19% 100 38

38

TotalsProduction of 77bopd

Resource estimated by Petrotech, Pacific Rubiales & PDQ Mgmt

ColombiaRESOURCE* (mmbbl)

Assets



Los Llanos Basin: CPO 5 Block

Basin Los Llanos

Contract Type ANH

X-factor 23%

Working Interest(ONGC Operated) 30%

Work Commitment250Km 2D, 650Km2 3D

2 Wells by June 2012

Caracara100 MMBOIP

14-25 API

Rubiales942 MMBOIP

14 API

Valdivia-Almagro12 MMBO / 23 API

Apiay610 MMBOIP

25-30 API

Castilla2.2 BBOIP14-16 API

Camoa5.5 MMBOIP

14 API

CorcelGuatiquia

CPO-5

Recent Prolific Discoveries 40MMBOIP16 – 43 API

Recent Discovery

Petrominerales: Guatiquia BlockCandelilla Structure: prolific producer• Recent Yatay-1 Discovery 10,440 bopd

Prob of Risked P50Name P10 P50 P90 Success mmbblSE (19 Prospects) 83 35 14 28% 10NW (14 Prospects) 76 30 12 25% 7SW (12 Prospects) 90 35 16 26% 9SE (2 Strat. Leads) 35 11 4 10% 1NE (4 Leads) 8 5 2 5% 0

292 115 48 24% 28Total BLOCK Resource Estimated by: Petrodorado Mgmt July 2011

3D & 2D seismic from 2010 RESOURCE (mmbbl)

Block CPO-5

Prospects

Leads

Highlights

Area: 6 x (Corcel + Guataquia)

Prospects: Multiple “Corcel” Type

Upside: Channels, IVF, Pinch-outs

Catalysts: 2-5 wells in Q4’11 and H1 ‘12


9TSX-V: PDQ www.petrodorado.com

CPO-5: Multiple Prospects/Leads “Corcel” Type & others

NE-1 NE-2

CPO5_SE (New 3D ) Prospects: Fault closures, 4-way closure & Leads: Stratigraphic (C5-C7 channels)

NW-2B

GuadalupeProspects

MiradorProspects

NW-ProspectsMirador & Guadalupe

CPO5_NE (extension of SE) Leads: Northeast

Extension of SE structures

Metica-1NW-2A

NW-3

NW-1

NW-5

NW-4CPO5_NW (New 2D + Old 2D)

Prospects: fault closures

B

D4

D3

D2

D1C

E

SW ProspectsMirador & Guadalupe

CPO5_SW (New 2D +Old 2D) Prospects: fault closures

Y1

Y2 / C1

Y3 / C4

4W-14W-2

C2

VA-1

C3

C5-C7 Channel Pattern

CorcelJilguero Sur-1Recent discovery

Yatay-1

Channel StratigraphicProspect

F

Candelilla



Upper Magdalena: Talora Block

G

Basin Upper Magdalena

Contract Type ANH

X-factor None

Working Interest 65% - operated

Work Commitment 2 wells by Jan 2103

Prob of Risked P50Name P10 P50 P90 Success mmbbl / BCFVerdal-Tetuan 155 82 44 20% 16Dorado-Tetuan 186 98 52 17% 17Verdal-Caballos (sol. gas) 12 6 3 36% 2Dorado-Caballos (sol. gas) 14 7 4 36% 3Verdal-Caballos 35 18 9 36% 6Dorado-Caballos 42 21 11 36% 8

77 39 20 36% 14367 193 103 20% 38

Total Block (OIL)Total Block (GAS: free + solution)

Resource Estimated by: PDQ Mgmt May 2011

Block Talora

Prospects

May 2011 (post drill - Verdal 1) RESOURCE (mmbbl)

Dorado Prospect>10,000 acres

Verdal Prospect>7,500 acres

Highlights

Verdal -1 (2010)

Gas Discovery in TetuanPeak rate 770 mscf/d

Did not reach primary target “Caballos” due to gas kicks in Tetuan

Gas production not sustained due to formation collapses



Upper Magdalena – Buganviles

Basin Upper Magdalena

Contract Type Ecopetrol 30% back-in option

X-factor None

Working Interest(PRE – Operated)

59.5% Visure prospect55% Tuqueque prospect30% rest of the block

Prob of Risked P50Name P10 P50 P90 Success mmbblTuqueque 37 22 12 34% 7Cheveve 11 6 3 30% 2Monserrate 5 1 1 60% 1Bug C 3 2 1 15% 0Bug D 5 3 2 25% 1Bug F 3 2 1 25% 0

64 36 20 32% 11

Leads

Total BLOCK Resource Estimated by: Pacific Rubiales Mgmt July 2011

Buganviles

Prospects

Seismic integration from Abanico- Nov 2009 RESOURCE (mmbbl)

Highlights

2010 Visure – 1X Discovery Well

2010 Visure tested@40bopd 15.8 API

2011 Plan Steam injection Pilot

OOIP 4-6 MMBO

2P Reserves 491 MBO



Caguan-Putumayo Basin: Tacacho

Basin Caguan-Putumayo

Contract Type ANH

X-factor None

Working Interest(PRE Operated) 49.5%

Work Commitment 480 Km 2D by May’12

Prob of Risked P50Name P10 P50 P90 Success mmbbl

LEAD E 154 85 43 12% 10LEAD F 466 248 124 15% 36

620 333 167 14% 46

Block Tacacho

Leads

Total BlockResource Estimated by: PDQ Mgmt May 2011

2D + Gravimetry RESOURCE (mmbbl)

Solita-1 well (Texaco 1948 drill)

Over 300 ft of heavy oil in core and logs

Solita-1 is downdip from Lead E and F



Prob of Risked P50Name P10 P50 P90 Success mmbblVivian SS (CV3) 318 76 12 13% 10Chonta SS (CC3) 179 38 5 10% 4

Total BLOCK 497 115 17 12% 13

Prob of Risked P50Name P10 P50 P90 Success mmbblVivian SS (CV3) 212 69 15 10% 7Vivian SS (CV4) 42 11 2 10% 1Vivian SS (CV5) 71 22 3 10% 2Permian Ene (E3) 88 19 4 10% 2

413 121 24 10% 12

Peru Block 138

Prospects

Total BLOCK Resource Estimated by: Petrotech December 2007

Peru Block 135

Prospects

Petrotech Dec 2007 RESOURCE (mmbbl)

Resource Estimated by: Petrotech December 2007

Petrotech Dec 2007 RESOURCE (mmbbl)

Peru – Block 135 and Block 138Block 135 & 138- SummaryContract Type Royalty Structure (12.02%)Working Interest 45%*Earning Commitments Seismic ($10MM & $8MM)Operatorship Pacific RubialesPartners Pacific RubialesWells Drilled NoneAcres (Net) 1,134,140 & 460,400Target Heavy OilBasin MaranonNet P50 Resources (mmbbls) 115 & 121* PeruPetro Assignment approval pending

: Cretaceous Prospects

: Paleozoic Prospects

Peru Block 138

558 Km 2D 2011

BrazilProspect C1

14.167 Acres

Prospect C29.004 Acres

Prospect C35.465 Acres

Prospect P13.077 Acres

Prospect P314.971 Acres



Paraguay – Pirity Block

Prob of Risked P50Name P10 P50 P90 Success mmbbl

Los Naranjos 121 70 34 20% 14Carmen East 40 22 10 20% 4

Jurumi 76 44 28 15% 7Lead NW flank 87 47 19 4% 2

323 183 90 14% 25Resource Estimated by: PDQ Mgmt May 2011

2D Seismic Reprocessed 2009 RESOURCE (mmbbl)

Block Pirity Paraguay

Prospects

Total Block

Pirity Block - SummaryContract Type Royalty Structure (10% to 14%)Working Interest 60%*Earning Commitments Acquisition Payment

4 wells by end 2015Operator PetroDoradoPartners Petro-Victory LLCWells Drilled 2Acres (Net) 1,200,000Target Light Oil (40°- 44° API)Basin Olmedo-PirityNear-Term Catalyst drill Q2 2012Net P50 Resources (mmbbls) 183*Clear title & assignment from Directorate of Hydrocarbons pending



Differentiating Factors – Unique Story• High Impact Exploration Acreage

– 5 potential “company maker” blocks• CPO 5: 3D seismic complete , large inventory of “Corcel” type Prospects, drill 2 wells 2011, 3 in H1’12• Peru 138: 2D seismic complete, 5 prospects identified, drill 1 well in 2012• Tacacho: 2D seismic in 2011, 2 x “Strat” wells H1 2012• Paraguay: 2 wells in 2012• Peru 135: Seismic in H1 2012, drill H1 2013

• Other Blocks– Magdalena Valley

• Talora : 1 well in 2011• Buganviles: Steam pilot Visure in 2011• La Maye : test Noelia-1 and drill 1 exploration well (conditional on flood waters receding)

– Divesture of non-core Assets• Moriche and La Maye divesture in process.

• Excellent Management and Technical team with a clear execution strategy– Management are proven oil finders with 200 years of full field development experience– Clear Execution Strategy in Place – “Executing the Plan”

• Significant Upside Potential Risked NAVPS > $2.3+ Undervalued compared to peer companies with very similar acreage



Contact Information

Petrodorado Energy Ltd. Petrodorado South America S.A.Suite 2688, Bow Valley Sq 3 Calle 113 #7-21,255 – 5th Avenue SW Torre A, Of# 1018, Teleport BldgCalgary AB, Canada T2P 3G6 Bogota, D.C., Colombia

Krishna VathyamRobert Cross Jorge Garcia Arturo Lara President and CEO Chairman General Manager Chief Geoscientist [email protected] [email protected] [email protected] [email protected] (403) 689-9769 (604) 685-2162 +57 1 646 7450 +57 300 726 0497

Max RollaV.P. [email protected]+57 300 726 0380


mailto:[email protected]





petrodorado corporate presentation sep'11

Business

d prospects

forwardlooking statements

corporate tax rate

forward looking statements

scale royalties

se new

costs colombia

corporate summaryexperienced