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net asset value (nav) - Primera Energy Resources Limited

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Background on Trinidad and Tobago’s (TT) Oil & Gas Industry<br />

• Proven prolific hydrocarbon basin:<br />

Oil: Onshore 50-300 bopd/well<br />

Offshore 5,000-15,000 bopd/well<br />

Trinidad Activity Map (2010)<br />

Canadian Operators in Area<br />

Gas: Onshore 5-60 MMscf/d/well Block 22 0.6-<br />

Offshore 50-150 MMscf/d/well<br />

12 12.TCFG TCFG<br />

• One of the largest exporters of LNG to<br />

USA (~2 Bcf/d gas) - production capacity<br />

15MMTA*<br />

• World scale methanol plants - production<br />

capacity over 4MMTA*<br />

• TT one of the world’s largest urea and<br />

ammonia producers<br />

• Well developed metals sector<br />

• Stable government and British-based rule<br />

of law - Democracy<br />

• Potential for large discoveries both<br />

onshore and offshore<br />

* MMTA - Million Metric Tonnes per Annum<br />

TSX-V: PTT<br />

20 TCF of<br />

Proven Gas<br />

Reserves<br />

Block<br />

WD-4<br />

10<br />

5 TCF of<br />

Proven Gas<br />

Reserves<br />

Parex <strong>Resources</strong>,<br />

Niko <strong>Resources</strong>,<br />

Central Range Block<br />

Cory<br />

Niko <strong>Resources</strong><br />

Moruga ‘E’ E Guayaguayare Block<br />

Niko <strong>Resources</strong>,<br />

Voyager <strong>Energy</strong><br />

Block 2(ab)<br />

Columbus Sub-<br />

Basin, 30 TCF<br />

of 2P Gas<br />

Toucan<br />

0.5 TCF<br />

Niko<br />

<strong>Resources</strong><br />

Pot. 2.6<br />

TCFG<br />

Endeavor-1<br />

Bounty-1<br />

Victory-1<br />

Chachalaca<br />

>2TCF, 1,400 ft pay<br />

Loran<br />

5 TCF gas, 755 ft pay<br />

PRIMERA ENERGY RESOURCES LTD.

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