march 2015 oil and gas production and exploration in canada tsx.v: cti

March 2015

Oil and Gas Production and Exploration in Canada

TSX.V: CTIwww.caiterra.com

FORWARD LOOKING STATEMENTS

2

This CaiTerra International Energy presentation contains “forward looking statements” within the meaning of the Canadian Securities Legislation and the United States Private Securities Litigation Reform Act of 1995. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". CaiTerra International Energy Corp. is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this presentation. CaiTerra International Energy Corp. cannot assure investors that actual results will be consistent with these forward-looking statements and CaiTerra International Energy Corp. assumes no obligation to update or revise the forward-looking statements contained in this presentation to reflect actual events or new circumstances. In this presentation, some of the data presented is obtained from Chapman Petroleum Engineering Ltd., the independent reserve audit company, from their October 1, 2014 report. The report is entitled “Reserve and Economic Evaluation Certain Oil and Gas Properties,” (Chapman, October 1, 2014), and herein is referred to as the “Chapman 2014 Report.”

3

CaiTerra International Energy Corp. (TSX-V: CTI) is a publicly traded oil and gas company pursuing acquisitions of international oil and gas exploration and production opportunities. CaiTerra has currently built a significant portfolio of land positions in Alberta, specifically in the Faust, Lac La Biche, Cygnet, Sausa and Amadou regions.

COMPANY INTRODUCTION

3

PROJECT LOCATIONS

4

COMPANY RESERVES AND ECONOMICS*

5

M$ means thousands of dollars

*Gross reserves are the total of the Company’s working and/or royalty interest share before deduction of royalties owned by others.*Net reserves are the total of the Company’s working and/or royalty interest share after deducting the amounts attribute to royalties owned by others.*Columns may not add precisely due to accumulative rounding of values throughout the report* Subsequent acquisitions, Cygnet and Sousa, are not included in this table.* The data herein is obtained from the Chapman 2014 report.

Summary of Company Reserves and Economics （ Before Income Tax ）October 1, 2014

Reserves Cumulative Cash Flow(BIT)-M$

Light Oil（ MSTB ） Heavy Oil

（ MSTB ）Sales Gas

（ MMscf ）NGL

（ MMbls ） Discounted at:

Description Gross Net Gross Net Gross Net Gross Net 0% 5% 10% 15%% 20%Probable

Probable Developed Non-ProducingLac La Biche 0 0 0 0 107 105 0 0 148 131 117 105 95

Total Probable Developed Non-Producing 0 0 0 0 107 105 0 0 148 131 117 105 95

Probable UndevelopedAmadou 0 0 112 99 0 0 0 0 3,875 2,746 1,998 1,485 1,121Cygnet 17 16 0 0 8 7 0 0 24 25 17 10 4Faust 0 0 148 118 0 0 0 0 4,996 4,131 3,462 2,935 2,514

Total Probable Undeveloped 17 16 260 216 8 7 0 0 8,905 6,902 5,478 4,430 3,639

Total Probable 17 16 260 216 115 112 0 0 9,053 7,034 5,595 4,535 3,734

PossibleAmadou 0 0 223 188 0 0 0 0 9,039 6,326 4,605 3,463 2,677

Faust 0 0 407 322 0 0 0 0 11,843 8,856 6,701 5,117 3,932Total Possible 0 0 630 510 0 0 0 0 20,883 15,181 11,305 8,580 6,609

Total Probable Plus Possible 17 16 890 726 115 112 0 0 29,936 22,215 16,900 13,115 10,343

CAITERRA PROPERTIES SUMMARY

6

* CaiTerra working interest for Faust area is 50% ** CaiTerra working interest for Lac La Biche area is 100% for 1,280 acres and 30% working interest for 640 acres *** The data herein is obtained from the Chapman 2014 report

SUMMARY OF CAITERRA PROPERTY AREAS

AREA PROPERTY NAME AREA (ACRES)

NUMBER OF SECTIONS

1 FAUST* 25,280 39.5

2 AMADOU 1,280 2.0

3 LAC LA BICHE** 1,920 3.0

4 CYGNET 640 1.0

5 SOUSA 33,280 52.0

TOTAL: 62,400 97.5

FAUST PROPERTY

The Faust project is approximately a 25,280 acre property covering 39.5 sections of conventional exploration. CaiTerra ownership is 50%.

Situated in North Central Alberta between Fort McMurray, Grand Prairie and Edmonton, the property is located in a mature basin with analogous producing reservoirs in the vicinity.

The property is approximately 80 km north of the Swan Hills oil field.

Target production zone is the Bluesky formation. The Bluesky Sandbar Trend is shaded in green.

FAUST PROPERTY

7

8

FAUST RESERVES

8



Summary of Company Reserves and Economics （ Before Income Tax ）October 01, 2014 - Faust


Heavy Oil（ MSTB ） Sales Gas

（ MMscf ）NGL

（ MMbls ） Discounted at:

Description Gross Net Gross Net Gross Net 0% 5% 10% 15%% 20%Probable

Probable Undeveloped

HZ 05-29-072-10W5M Bluesky 37 29 0 0 0 0 1,617 1,382 1,198 1,052 935HZ 05-29-071-10W5M Bluesky 37 29 0 0 0 0 1,380 1,139 954 808 691HZ 04-33-072-10W5M Bluesky 37 29 0 0 0 0 998 810 664 550 458HZ 2-26-071-11W5M Bluesky 37 29 0 0 0 0 1,001 800 646 526 430

Total Probable Undeveloped 148 118 0 0 0 0 4,996 4,131 3,462 2,935 2,514

Total Probable 148 118 0 0 0 0 4,996 4,131 3,462 2,935 2,514

Possible

2 HZ Locs. 28-72-10W5M Bluesky 74 59 0 0 0 0 2,134 1,650 1,294 1,026 8223 HZ Locs. 33-72-10W5M Bluesky 111 88 0 0 0 0 3,247 2,444 1,859 1,425 1,0983 HZ Loc. 28-71-10W5M Bluesky 111 88 0 0 0 0 3,243 2,375 1,750 1,291 9493 HZ Locs. 26-71-11W5M Bluesky 111 88 0 0 0 0 3,220 2,386 1,797 1,373 1,062

Total Possible 407 322 0 0 0 0 11,843 8,856 6,701 5,117 3,932

Total Probable Plus Possible 555 439 0 0 0 0 16,839 12,987 10,163 8,052 6,446

Mooney field is conventional heavy oil property in North Central Alberta which is owned 100% by BlackPearl Resources.

Alkali Surfactant Polymer (ASP) flood which involves adding polymer to thicken the water and increase viscosity and the Alkali surfactant reacting with the acidity of the oil to create an in situ soap to mobilize the reservoir was identified to be key in improving performance.

After a successful three-well pilot, commercial ASP flood was implemented in 2011.

From an oil production of 316 BOED in 2011, this increased to 992 BOED in 2012. In 2013, production was 1864 BOED.

ASP flood is predicted to increase the oil recovery from 4-5 % from primary production to 30-35 %.

Currently, the Mooney Pool is in the midst of undergoing a multi-phased ASP flooding program looking to increase production to 7,000 – 10,000 BOED. *Mooney field Information from BlackPearl Resources website

MOONEY FIELD – ANALOGUE*

9

MOONEY FIELD – BLUESKY POOL ANALOGUE

10

ITEM # DESCRIPTION ANALOGUE [1] CAITERRA [2]

1 FIELD NAME MOONEY FAUST2 FORMATION NAME BLUESKY BLUESKY3 FORMATION DEPTH 913 m 850 m4 AVERAGE PAY ZONE THICKNESS 2.5 m 2.5 m5 AVERAGE PERMEABILITY 3000 md n/a 6 AVERAGE POROSITY 0.26 n/a 7 AVERAGE WATER SATURATION 0.35 n/a 8 LITHOLOGY SANDSTONE SANDSTONE9 RESERVOIR PRESSURE (initial) 5790 kPa 6757 kPa

10 RESERVOIR TEMPERATURE (initial) 29 oC 33 oC

11 OIL GRAVITY (API) 16.6o n/a

12 OIL DENSITY 955.4 kg/m3 n/a

13 OIL VISCOSITY (DEAD OIL) 1372.14 cP n/a14 OIL VISCOSITY (LIVE OIL) 439.23 cP n/a

1. Identification of Enhanced Oil Recovery Potential in Alberta, Phase 2 final report for ERCB (Sproule Associates Ltd. – Mar. 31, 2012)

2. 2014 Internal data from one well drilled by CaiTerra International Energy Corporation

MOONEY FIELD – BLUESKY POOL PRODUCTION PLOT

11

Start of ASP flood

Start of Waterflood

Conventional EOR

Start of Waterflood

Start of ASP flood

Conventional EOR

Primary Waterflood

Pilot ASP

12

COMPARISON OF RECOVERY FACTORS

12

13

AMADOU PROPERTY

Amadou Property

CaiTerra owns a 100% working interest in 1,280 acres in this area. The property currently has no producing wells and will require a further work program to commence production activities.

13

AMADOU PROPERTY

14



Summary of Company Reserves and Economics (Before Income Tax)October 1, 2014 - Amadou


Heavy Oil（ MSTB ）

Sales Gas

NGLDiscounted at:（ MMscf ）（ MMbls ）

Description Gross Net Gross Net Gross Net 0% 5% 10% 15% 20%Probable

Probable Undeveloped

Loc. 04-17-74-18W4M Grand Rapids 56 49 0 0 0 0 1,935 1,383 1,016 762 582Loc. 01-18-74-18W4M Grand Rapids 56 49 0 0 0 0 1,940 1,363 983 722 539

Total Probable Undeveloped 112 99 0 0 0 0 3,875 2,746 1,998 1,485 1,121Total Probable 112 99 0 0 0 0 3,875 2,746 1,998 1,485 1,121

Possible

Loc. 04-17-74-18W4M Grand Rapids 11 8 0 0 0 0 553 405 311 250 206Loc. 01-18-74-18W4M Grand Rapids 11 8 0 0 0 0 554 402 306 243 198

3 Loc.Sec. 17-74-18W4M Grand Rapids 201 172 0 0 0 0 7,932 5,519 3,987 2,971 2,273Total Possible 223 188 0 0 0 0 9,039 6,326 4,605 3,463 2,677

Total Probable Plus Possible 335 287 0 0 0 0 12,914 9,072 6,603 4,948 3,798

LAC LA BICHE PROPERTY

Lac La Biche Property

CaiTerra owns various working interests in an area totaling approximately 1,920 acres.

CaiTerra owns a 100% working interest in one shut in well in an area of approximately 1,280 acres, as well as, a 30% working interest in a second producing well in another 640 acres.

15

16

LAC LA BICHE PROPERTY

16



Summary of Company Reserves and Economics （ Before Income Tax ）October 1, 2014 - Lac La Biche


Heavy Oil（ MSTB ） Sales Gas

（ MMscf ）NGL

（ Mbbls ） Discounted at:

Description Gross Net Gross Net Gross Net 0% 5% 10% 15%% 20%Probable

Probable Developed Non-Producing05-02-066-12W4M Grand Rapids 0 0 54 52 0 0 88 76 65 56 4915-10-066-12W4M Grand Rapids 0 0 53 53 0 0 60 56 52 49 46

Total Probable Developed Non-Producing 0 0 107 105 0 0 148 131 117 105 95

Total Probable 0 0 107 105 0 0 148 131 117 105 95

17

CYGNET PROPERTY - Prospect near Red Deer 18-39-27W4M

17

CYGNET PROPERTY

CaiTerra owns a 100% working interest in an area of approximately 640 acres.

Currently evaluating prospect for horizontal well drilling for oil and gas production.

18

CYGNET PROPERTY

18



Summary of Company Reserves and Economics(Before Income Tax)October 1, 2014 - CygnetReserves Cumulative Cash Flow(BIT)-M$

Light Oil(MSTB ） Sales Gas

（ MMscf ） NGL

（ Mbbls ） Discounted at:

Description Gross Net Gross Net Gross Net 0% 5% 10% 15%% 20%

Probable Probable Undeveloped

Loc. 18-039-27W4M Viking SS 17 16 8 7 0 0 34 25 17 10 4

Total Probable Undeveloped 17 16 8 7 0 0 34 25 17 10 4

Total Probable 17 16 8 7 0 0 34 25 17 10 4

19

CYGNET PROPERTY – Production Summary

19

* Offset well not located within CaiTerra (CTI) section 18-039-27W4M. Well located within neighbouring section to south west of CTI section.

WELL UWIDPRODUCTION FIRST 12 MONTHS PRODUCTION LAST 12 MONTHS CUMULATIVE PRODUCTION

POOL FORMATION CURRENT WELL STATUS

PRODUCTION HISTORY PERIOD

GAS (Mcf/day) OIL (bbl/day) GAS (Mcf/day) OIL (bbl/day) GAS (Mcf) OIL (bbl)

100/16-12-039-28W4/02* 3.96 48.98 14.65 3.02 110,652 87,366 Viking Q Kvik_ss Suspended Nov 1988 to Aug 2010

100/14-18-039-27W4/02 92.89 90.67 98.39 15.70 54,487 23,433 Viking N Kvik_ss Abandoned Dec 1985 to Oct 1988

100/10-18-039-27W4/02 67.26 28.97 15.18 4.09 23,586 9,317 Viking N Kvik_ss Abandoned May 1986 to May 1988

100/08-18-039-27W4/02 32.91 40.57 0.61 No Data 6,602 8,101 Viking N Kvik_ss Abandoned Mar 1986 to Oct 1988

SOUSA PROPERTY

20

SOUSA PROPERTY

CaiTerra owns a 100% working interest in an area of approximately 33,280 acres.

The North Block covers an area of approximately 15,360 acres.

The South Block covers an area of approximately 17,920 acres.

Currently evaluating prospect for oil and gas production.

SOUSA PROPERTY

21

Summary of Petroleum Initially in PlaceOctober 1, 2014 - Sousa Area, Alberta

Description API Gravity（ Deg ）

Petroleum Initially in Place

（ MSTB ）

Petroleum Initially in Place(Per Section)

Low EstimateOne Section Muskwa 38 1,353

Best EstimateOne Section Muskwa 38 4,000

High EstimateOne Section Muskwa 38 7,786

Petroleum Initially in Place(Fully Property)

Low Estimate52 Sections Muskwa 38 70,356

Best Estimate52 Sections Muskwa 38 208,000

High Estimate52 Sections Muskwa 38 404,872

* The data herein is obtained from the Chapman 2014 report.

22

SOUSA WELL LOGS – Slavepoint Correlation

22

15-21-112-23W5 15-26-112-22W5 04-36-112-22W5 02-36-112-22W5 07-25-111-22W5

SOUSA – ISOPACH OF MUSKWA FORMATION

23

North Block

SouthBlock

24

WELL CORRELATION-MUSKWA

24

NW SE06-33-112-23W5 15-21-112-23W5 09-17-112-23W5 06-24-111-22W5 07-25-111-22W5

25

SOUSA – BEST ESTIMATE SHALE-HOSTED PIIP

25

MUSKWA FORMATION

26

The Company’s near-term objectives are expected to include the following:

Faust Property:

I. Conduct a 3D-IP seismic survey over probable drill locations;II. Finish workover/completion of current wells;

III. Raise up to $5 million dollars for the 2015 drilling program;IV. Identify drilling locations; andV. Start drilling plan for 2015.

Amadou & Lac La Biche Property:

I. Review development and operational activities as indicated in the Company’s 51-101 Report

Sousa Property:

I. Investigate potential for conventional and unconventional oil and gas

Cygnet Property:– Investigate potential for conventional oil exploration, testing, development and employment of horizontal

well technology.

The Company’s long-term goals are expected to include the following:I. Research and acquire additional promising and profitable oil and gas leases; andII. Maximize shareholder value through further exploration and production of existing properties

STRATEGY & LONG-TERM GOALS

26

27

BOARD OF DIRECTORS

David Wu – Chairman of the Board of DirectorsMr. Wei Wu has over 30 years of experience as owner and operator of businesses in China. He is a Director

of West Pacific Petroleum and Yunnan Tianli Trading Ltd. He has also been a Manager of Husky Energy Challenge Holdings since September 2005. Currently, Mr. Wu serves as the Chairman of the Board of Directors of Caiterra International Energy Corporation.

Songning Shen – Director Mr. Shen brings years of successful experience in the petroleum industry having first trained in China and later in No

rway. His career and early acclaim started in 1986 when working with Bohai Co., (a subsidiary of China National Offshore Oil Corp.) he was credited with the discovery of the biggest offshore China oil pool. Upon moving to Canada in 1998, Mr. Shen was employed by Petro-Canada and Nexen, before becoming an oil sands exploration manager for Connacher Oil and Gas Ltd. and oilsands consultant for Koch Exploration Canada LP. Prior to accepting the directorship and CEO position at Caiterra, Mr. Shen was co-founder, president and Co-Chairman of Sunshine Oilsands Ltd. in Calgary, Alberta.

Colin Outtrim – Director Mr. Outtrim, P.Eng, has over 40 years of experience in the oil and gas industry in Canada and in 35 countries around t

he world and has most recently served as Senior Technical Advisor for DeGolyer and MacNaughton Canada, after having served in the role of President and Director for DeGolyer and MacNaughton Canada. During 2011 to 2013, Mr. Outtrim also served on the United Nations Expert Committee on reserve and resource definitions. Mr. Outtrim is currently serving on the board of one other corporation and one not-for-profit board.

Baoqiang Lu – DirectorMr. Lu is an entrepreneur with over 30 years of experience running petrochemical product businesses in

China. He serves as a Director of West Pacific Petroleum, Husky Energy Challenge Holdings Ltd. and Yunnan Challenge Group Inc. Mr. Lu is an Independent Director of the Company and serves as a member on the Audit Committee.

27

28

BOARD OF DIRECTORS

Steve Deniels – Director Mr. Deniels, who holds a bachelor's degree in economics from Beijing University, brings over 20 years of respected fi

nancial management and investment experience in both private and publicly traded companies in China and abroad. He also participated in several China based IPOs. Mr. Deniels is a member of company's Audit Committee.

Rick Pawluk – DirectorMr. Pawluk is a senior partner at the Calgary office of McCarthy Tétrault LLP. Mr. Pawluk has over 20 years of experie

nce in corporate and securities law as well as public and private mergers, acquisitions and disposition transactions. Mr. Pawluk has served as an officer and director of a number of public and private domestic and international energy companies. He is a member of the Law Society of Alberta, the Canadian Bar Association and the Institute of Corporate Directors.

28

MANAGEMENT

Songning Shen – CEOMr. Shen brings years of successful experience in the petroleum industry having first trained in China and later in No

rway. His career and early acclaim started in 1986 when working with Bohai Co., (a subsidiary of China National Offshore Oil Corp.) he was credited with the discovery of the biggest offshore China oil pool. Upon moving to Canada in 1998, Mr. Shen was employed by Petro-Canada and Nexen, before becoming an oil sands exploration manager for Connacher Oil and Gas Ltd. and oilsands consultant for Koch Exploration Canada LP. Prior to accepting the directorship and CEO position at Caiterra, Mr. Shen was co-founder, president and Co-Chairman of Sunshine Oilsands Ltd. in Calgary, Alberta.

Perla Woo – PresidentMs.Woo is the President of Caiterra International Energy Corporation. She was a Co-Founder of Sunshine Oilsands Lt

d. and has been the Senior Vice President of Sunshine Oilsands from October 2007 to September 2008 and previously held the position of Vice President, Engineering. Ms. Woo has over 20 years of experience working in the oil and gas industry in Canada in the fields of reservoir engineering, exploitation, and pressure transient analysis.

Bill Grossholz – CFOMr. Grossholz has been a Chartered Accountant for 30 years and has a strong financial , administration,

accounting and tax background. He has been a founder and Chief Financial Officer for businesses in the construction, development, resource exploration and telecommunications sectors. Mr. Grossholz operated a successful Chartered Accountancy practice in Vancouver for 14 years and was a Senior Business Auditor for the Canada Revenue Agency.

Lonnie Lischka – Drilling & Completions ManagerMr. Lischka currently holds the position as a drilling and completions manager with Caiterra International Energy Co

rporation. Lonnie brings over 15 years of technical drilling and completions project management experience to Caiterra from across the western Canadian Sedimentary basin and west central United States. Lonnie's experience brings extensive skills managing drilling, completions, operations, safety, vendor performance, and cost control.

29

30

MANAGEMENT

30

Vince Ghazar - ControllerMr. Ghazar is a professional accountant with over 17 years of domestic and international experience in the oil & gas in

dustry. He has held executive and management positions with Exchange listed issuers which have been involved in growth, mergers, acquisitions and divestitures. Currently, Mr. Ghazar is Controller for CaiTerra International Energy Corporation. Concurrently, Mr. Ghazar is Chief Financial Officer & Vice President, Finance for Standard Exploration Ltd., a public oil and gas corporation listed on the TSX-Venture Exchange. Mr. Ghazar’s executive and managerial background with Exchange listed issuers includes extensive IFRS and GAAP experience, accounting and tax treatment for corporations and subsidiaries, as well preparation of Financial Statements and Management’s Discussion & Analysis (MD&A).

SHARE INFORMATION

TSX-V: CTI Shares

Common Shares 102,330,211

Warrants Outstanding

31,820,000

Options Outstanding 8,430,000

Fully Diluted 142,580,211

31

CONTACT

Vancouver Office #500 – 900 West Hastings St.

Vancouver, BC V6C 1E5

Phone: 778-330-1270Fax: 778-329-9626

Calgary Office Suite 800, 717 7th Avenue S.W. Calgary Alberta, Canada T2P 0Z3 Phone: +1 587 353 3711 Fax: +1 403 452 0907

Auditor MNP LLP

Legal Counsel McCarthy Tétrault

32

march 2015 oil and gas production and exploration in canada tsx.v: cti

Documents