GROWING WITH MEXICO - Renaissance Oil...

GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM

July 2016

Forward Looking Statements Certain information in this Presentation may constitute "forward‐looking" information or "forward-looking" statements within the meaning of Canadian securities legislation, including, but not limited to, statements with respect to Renaissance Oil Corp. (“Renaissance” or the “Company”) becoming a major operator in Mexico with the three blocks awarded to the Company forming a solid foundation to grow the Company. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to, the failure to receive regulatory approval for the issuance of the shares, the risks associated with the bidding process and satisfaction of any prequalifying criteria, and such other risks as disclosed in the Company’s management discussion and analysis and other continuous disclosure filings. Although the forward‐looking information and statements contained in this Presentation are based upon what management of Renaissance believes are reasonable assumptions, Renaissance cannot assure readers that actual results will be consistent with the forward‐looking information and statements. In particular, this Presentation contains forward‐looking information and statements pertaining to the following: the treatment of Renaissance under the regulatory regimes and laws of the jurisdictions in which Renaissance conducts its business; drilling and completion of wells; operating and capital costs and the timing and method of funding thereof; timing of development of undeveloped reserves; Renaissance's future oil and natural gas production levels; the future performance and characteristics of Renaissance's oil and natural gas properties; the estimated size of Renaissance's potential oil and natural gas reserves; projections of market prices and costs; supply and demand for oil and natural gas; expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development activities; future capital expenditure programs and the timing and method of financing thereof. With respect to forward‐looking information contained in this Presentation, Renaissance has made assumptions regarding, among other things: future prices for oil and natural gas; future currency and interest rates; Renaissance's ability to generate sufficient cash flow from operations; access to debt and/or equity financing to meet its operating costs and future obligations; and Renaissance's ability to obtain qualified staff and equipment in a timely and cost-efficient manner to meet Renaissance's demand. The actual results could differ materially from those anticipated in these forward‐looking statements and information as a result of the risk factors set forth below and elsewhere in this Presentation: volatility in market prices for oil and natural gas; the potential for the return of conditions persisting during the recent global crisis and economic downturn; liabilities inherent in oil and gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; geological, technical, drilling and processing problems; fluctuations in foreign exchange or interest rates and stock market volatility; changes in the laws or application thereof by the Governments of the jurisdictions in which Renaissance conducts its business; business plans and strategies; capital expenditure programs and the timing and method of financing thereof; the ability of Renaissance to achieve drilling success consistent with management's expectations; net present values of future net revenues from reserves; future production levels of Renaissance's assets; timing of bringing on production; expected plans and costs of drilling; drilling inventory and presence of oil pools or gas accumulations; supply and demand for oil and natural gas; ability and costs of increasing plant capacity; expected levels of royalty rates, operating costs, general and administrative costs, costs of services and other costs and expenses; and expectations regarding the ability to raise capital and to continually add to reserves through acquisitions, exploration and development. The forward‑looking information contained in this Presentation is expressly qualified by this cautionary statement.

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Why Mexico?

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… rare opportunity and a new era…

ü  Mexico holds some of the world’s largest oil and gas resources

ü  78 years of PEMEX monopoly now ended:

•  Lack of capital reinvestment and slow adoption of modern drilling & completion technology has led to an underdeveloped resource

ü  Mexico is undergoing sweeping reform to liberalize its oil & gas industry:

•  Considerable acquisition and growth opportunities

ü  Renaissance is the second largest oil and gas producer in Mexico, after PEMEX

•  Renaissance was awarded the most number of blocks (4) of any participant in the Mexico Reform auction process to date

Why Now?

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Most juniors and mid-tier oil companies are preoccupied

… the opening of a world class hydrocarbon provenance in a low oil price environment

is an exceptional opportunity…

PEMEX’s lower revenues increases need for partners

Talented executives & highly technical staff available

Mexico Government has favorably revised terms

Renaissance Story

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2014 •  Pure Play on Mexican Energy Privatization •  Raised $5 million – public seed capital •  Engaged Halliburton – extensive experience in Mexico

2015 •  Established key industry connections •  Hired strong technical team •  Raised $10 million equity & US$20 million loan facility •  Awarded 3 top oil fields from onshore block auction

2016 •  Established operations team in Villahermosa, Mexico •  Now operating over 1,700 barrels of oil equivalent per day •  Awarded Pontón, an additional underexploited oil field •  Developing Q1 2017 drilling and workover field operations •  Actively negotiating Joint Venture opportunities in mature

fields and tight rock formations

NEWS RELEASE, JUNE 20, 2016

RENAISSANCE ANNOUNCES FIRST REVENUE FROM OIL AND GAS OPERATIONS, BECOMING SECOND LARGEST

PETROLEUM PRODUCER IN MEXICO

June 20, 2016 – Vancouver, BC – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) is pleased to announce the Company has received payment for its first sale of crude oil, condensate and natural gas to the Mexican state oil company, Petróleos Mexicanos (“PEMEX”). The combined hydrocarbon production, from the Company’s three properties in Mexico, was approximately 1,700 barrels of oil equivalent per day. As a result, Renaissance is the second largest petroleum producer in Mexico after PEMEX. Since the May 10, 2016 signing of the 25 year license contracts for the Mundo Nuevo, Topén and Malva blocks in Chiapas, Mexico, Renaissance has entered into a 90-day transition period whereby PEMEX is transferring operations of the properties to the Company. During this period, the Company has been receiving detailed production reports, including daily estimates of production and crude oil and natural gas compositions. Production for these properties, over the period of May 10-31, 2016, was reported at approximately 708 bbls/d of crude oil and 5.9 MMcf/d of natural gas. Renaissance received an average price of US$39.59 per bbl for its crude oil and condensate production and US$2.77 per Mcf of natural gas. After deductions for operating costs and royalties, Renaissance is generating positive operating cash flow from its Mexico properties. “Renaissance is pleased with the quality of detailed information received and competent, low cost operations of our properties,” stated Craig Steinke, Chief Executive Officer. ''As Renaissance transitions into the properties as operator, our focus is to optimize field efficiencies and to increase the production and cash flow from these properties." Renaissance continues to make progress on its journey to become a major Mexican energy producer.

Auction Results Round 1 - Call 3 “Mature Field” Auction, Dec. 15, 2015

ü Renaissance awarded and contracted its top 3 targeted blocks

ü Renaissance’s winning bids within 2.5% of 2nd place for each block

ü Renaissance's awarded blocks represent 46% of Original Oil in Place available for Type 1 blocks in the auction (Type 1: <100 million Bbls oil in place)

3 Licensed Blocks + 1 Awarded Block

Mundo Nuevo, Topén & Malva •  Currently approximately 1,700 boe/d

production 100% contracted to Renaissance

•  140 million bbls original oil in place*

•  46 million bbls recovered to date

•  Significant additional production growth opportunities through work-overs and horizontal drilling

§  12 drilling locations identified §  25 year licence contracts executed with

two possible 5 year extensions

* Volume estimates were publically disclosed by the Mexican government as part of the auction and were not prepared by a qualified reserves evaluator in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGEH") or National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Renaissance will have a third party evaluation conducted on each block this year by a qualified reserves evaluator and will provide the results publically when available.

Pontón

•  On May 11, 2016, Renaissance was notified of its eligibility to enter into an additional licence agreement in Veracruz, Mexico. Option expires August 2016.

Mundo Nuevo •  Multiple work-over opportunities

and new drilling locations identified to significantly increase current production levels

•  Discovered in 1977 - 14 wells drilled

•  Produces 46° API light oil and natural gas

•  Peak production of over 15,000 bbls/d of oil and over 100 mmcf/d natural gas in early 1980s

•  May 2016 average production: §  215 bbls/d oil §  2.7 MMcf/d natural gas

•  86 million bbls original oil in place* •  35 million bbls oil recovered •  3D seismic coverage across the

block = existing well

* Volume estimates were publically disclosed by the Mexican government and were not prepared by a qualified reserves evaluator in accordance with the COGEH or NI 51-101.

Topén •  Work-over candidates and infill

development drilling opportunities, potential major untested reserves in the south

•  Discovered in 1978 - 5 wells drilled •  Produces 27° API oil and natural gas •  Peak production of over 1,500 bbls/d

of oil and 3 mmcf/d natural gas in mid 1980s


•  40 million bbls original oil in place* •  8 million bbls oil recovered •  3D seismic coverage across the block = existing well


Malva •  Infill development well opportunities

with and work-overs to existing wells, 2 potential untested new areas

•  Discovered in 2003 – 4 wells drilled on the license

•  Produces 39° API oil and natural gas •  Peak production of over 2,000 bbls/d

of oil and 15 mmcf/d natural gas in late 2000s


•  13 million barrels original oil in place* •  3 million barrels oil recovered •  3D seismic coverage across the block


= existing well

Pontón

•  Workover candidates and new development drilling locations identified

•  12km² (2,965 acres) in Veracruz, Mexico •  Discovered in 1971 – 14 wells drilled on

the license •  Historical production of approximately

800,000 barrels of light oil (34° API) •  7.4 million barrels original oil in place* •  Seven lines of 2D seismic across block •  Renaissance has until August 2016 to

exercise the option to acquire the Pontón block

Top San Andres Structural Map


Significantly Under Developed Relative to the rest of North America

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ü  Extensive undeveloped opportunities in Mexico create an ideal environment for the growth of a significant oil and gas company

ü  Renaissance will soon be one of the first independent oil field operators in Mexico

ü  Successful bidding in December licensing round has significantly increased access to further business development opportunities

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Tampico-Misantla Basin

Sureste Basin

Renaissance Areas of Interest

ü  Multi-Zone Opportunities

ü  Undeveloped Shale Potential

ü  Vast Field Reactivation and Expansion Opportunities

Ø  Tampico Misantla Basin holds over 50% of Mexico`s oil resources - with less than 1% recovery to date

Ø  Sureste Basin contains numerous mature fields that have received virtually no reinvestment

•  900+ blocks are designated for auction

§  600+ located onshore

•  107 Billion BOE remaining in place offshore + onshore*

•  178,554 KM2 (44 million acres)

* Source: Comisión Nacional de Hidrocarburos

Mexico’s 5 Year Plan

Key Personnel

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IAN TELFER, LEAD DIRECTOR •  Co-founder and major shareholder of Renaissance Oil. Corp. •  Chairman of the Board, Founder & Past President of Goldcorp. Inc. •  Ernst & Young “Entrepreneur of the Year”, former Chair of the World Gold Counsel and

recently inducted to the Canadian Mining Hall of Fame

KEVIN SMITH, VICE PRESIDENT, BUSINESS DEVELOPMENT •  20 years experience in the financial services industry and oil & gas investment banking,

raising capital for junior energy companies •  Professional roles with Paradigm Capital, Macquarie Capital Markets Canada Ltd.,

HSBC Securities (Canada) Inc., and Nesbitt Burns Inc.

CRAIG STEINKE, PRESIDENT & CHIEF EXECUTIVE OFFICER •  Co-founder and major shareholder of Renaissance Oil Corp. •  Former Chief Executive Officer of Realm Energy International Corporation •  Over 20 years of extensive experience in the global oil & gas industry

WILLEM VELTMAN, OPERATIONS MANAGER •  26 years extensive experience in oil & gas exploration and development in Mexico, with

associations and negotiations with Pemex, and managing growth of several oil & gas fields •  Served as Petrofac Mexico’s Asset Director, in charge of USD $1.4 billion/3 yr E&P contract •  Oversaw startup and served as GM of GPA Energy, organizing group’s 2006 bid for Pemex

tender of the USD $433 million Monclova gas field development contract

Technical Team

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•  Globally recognized as a leading analytical and interpretive organic geochemist, having evaluated conventional and unconventional petroleum systems around the World

•  Former Chief Geochemist of EOG Resources, Inc., largest shale oil producer in North America •  Most notably, completed the independent geochemical analysis for Mitchell Energy, in their

development of the Barnett Shale of the Fort Worth Basin, in Texas •  Mr. Jarvie has been the author of many award winning industry papers and in 2010, Mr. Jarvie was

awarded “Hart Energy’s Most Influential People for the Petroleum Industry in the Next Decade” •  Adjunct professor at Texas Christian University (TCU) and a member of the Energy Institute and

Affiliate professor at the University of Oklahoma •  Bachelor of Science from the University of Notre Dame and mentored in geochemistry by Wallace

Dow and Don Baker of Rice University

DANIEL JARVIE, GEOCHEMIST

•  22 years experience in petroleum engineering, drilling, production, and surface facilities •  Completions Manager for Mitchell Energy and responsible for drilling of first 25 wells in the

Barnett Shale, Nick was Integral to the growth of the company until its sale to Devon Energy for $3.1 Billion

•  First to recommend and implement slick water fracs in the Barnett Shale, transforming it from a marginal play to one of the largest gas fields in the USA reaching peak production of 5.75 Billion Cubic Feet per day in 2012

•  As horizontal team leader for Devon Energy, he designed the first horizontal completions in shales that are now used industry wide

•  Completed over 900 wells in the Barnett Shale and 300+ in other petroleum plays across North America

•  Bachelor of Science, Petroleum Engineering, registered Professional Petroleum Engineer, Texas

NICK STEINSBERGER, DIRECTOR OF ENGINEERING

•  With over 35 years experience in the oil & gas industry Kent is widely recognized as a global industry expert in the geology and engineering of unconventional oil & gas reservoirs

•  In 1998, while with Chevron Kent was recruited by Mitchell Energy management to join Barnett Shale Team, where he ultimately played an integral role in the successful development of the resource play and Mitchell Energy

•  His technical analysis directly led to the realization that the Barnett Shale held nearly four times more gas than previously determined, ultimately increasing Mitchell’s proven reserves from 500 Billion Cubic Feet to 2.5 Trillion Cubic Feet of natural gas between 1999 & 2002

•  Since 2002 sale of Mitchell Energy, Kent has had continued success in discovering hydrocarbons in several more U.S. sedimentary basins, and is further engaged in evaluating petroleum systems globally

KENT BOWKER, SENIOR GEOLOGIST

DAN STEWARD, SENIOR GEOLOGIST •  With 48 years experience in the petroleum industry, has spent over 20 years evaluating the Barnett

Shale and widely considered an expert in conventional and unconventional reservoir evaluation •  Leading member of Mitchell Ednergy’s Barnett Shale team and important contributor to the success

of the shale play, as well as the $3.1 billion sale of the Company to Devon in 2002 •  Thereafter, applied his in-depth understanding of source rocks to evaluating resource plays within the

U.S., such as the Marcellus & Mount Pleasant shales, as well as Canada, South America, China & the U.K

•  Selected by the American Association of Petroleum Geologists (AAPG) for their “2007 Explorer of the Year” award for role in establishing the Barnett as one of the largest producing gas fields in the United States and the model for shale resource plays worldwide

•  In 2012, honoured as one of the “Legends of Unconventional Wildcatters” by the Houston Geological Society, and received the ”Monroe G. Cheney Science Award” for his work in the Barnett Shale (AAPG) in 2013

Technical Team

•  27 years of legal advisory experience and widely considered a leading authority on global petroleum regimes

•  Managing Partner at Park Energy Law providing legal expertise on a wide array of global energy projects •  Managing Partner at Petroleum Regimes Advisory •  Past Partner and Chair of the Global Resources Practice Group with Norton Rose Canada. •  Extensive experience in Mexico, having previously advised PEMEX on the development of innovative

services contracts •  Specialty includes oil & gas asset acquisitions & divestments, share acquisitions & divestments, advising

on production sharing agreements, concession agreements, product marketing, gas sales & purchase contracts, pipeline transportation matters, oil and gas pipeline asset dispositions and drafting legislation in over 40 other countries

JAY PARK, INTERNATIONAL PETROLEUM LEGAL ADVISOR

•  Over 30 years experience in the petroleum industry; leadership, strategic decision making, exploration geology, research, and consulting in a variety of geological settings worldwide

•  Recent four years dedicated to leadership roles in early stage, high growth focused oil and gas companies

•  Experience in exploration activities in more than 40 countries and has been a team member responsible for discoveries in Mozambique (Rovuma Gas), Ghana (Jubilee), Brazil (multiple Campos Basin discoveries), Alaska (Nikaitchuq), China (Bohai Bay), Gulf of Mexico and others

•  Former roles include Exploration Manager East Africa and Caribbean for Anadarko Petroleum Corporation and a number of senior exploration positions with Kerr McGee and BP/Amoco

CAROL A. LAW, SENIOR GEOLOGIST

Technical Team

•  Petrophysicist, with over 35 years international experience, in reservoir evaluation both in the service sector and within global oil companies

•  Senior Petrophysicist for ExxonMobil, evaluating shale, carbonate and clastic formations globally including North Africa, East Africa, South America, Ukraine, Mediterranean, North Sea, UK, Indonesia, Canada, India and Poland

•  Expertise in planning cost effective integrated petrophysical analysis programmes for all types of reservoirs, including unconventional resources, tight oil & gas, shale oil & gas, oil shale, and CBM, as well as difficult reservoirs such as low contrast plays, thin bed analysis and complex lithology/fluid reservoirs

ANDREW FOULDS, SENIOR PETROPHYSICIST

Technical Team SERGIO BERUMEN, TECHNICAL ADVISOR – SENIOR RESERVOIR ENGINEER

•  Senior Reservoir engineer with over 30 years experience, having evaluated several Mexican oil and gas clastic and fractured carbonate reservoirs.

•  Former roles include Technology Manager for Pemex E&P, Geosciences Manager and Technical Advisor for Diavaz, as well as a number of senior reservoir engineering positions with Pemex E&P and IMP

•  Extended experience in integrated reservoir engineering studies and geomechanical projects focused on design and execution of hydraulic fracturing and microseismic technology field tests

•  Specialty includes developing planning, integration of portfolio of oilfield locations, evaluation of investment opportunities in oil and gas fields, technology strategy in oil field development, oil and gas well testing design and interpretation.

•  Authored numerous industry technical papers •  Associated Professor of Advanced Geomechanics and Advanced Well Stimulation at the Graduate School

of Engineering, at the University of Mexico, since 1996 •  PhD in Petroleum Engineering from the University of Oklahoma

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•  Over 35 years experience specializing in integrating geology, petrophysics, fracture stimulation and production analysis for optimizing the exploitation of unconventional reservoirs

•  Division Vice President of Integrated Reservoir Solutions of Core Laboratories, a World leader for providing proprietary and patented production enhancement and reservoir management services

•  Globally renowned industry speaker, instructor and conducted and directed over 50 large joint industry projects

RANDALL L. MILLER, GEOLOGY AND COMPLETIONS ADVISOR

•  Extensive geological and geophysical experience with major producers and, most recently, with small entrepreneurial companies in North America, Latin America and Off-shore Africa

•  Former Senior Geologist with Endeavour International, Bill Barrett Corporation / Barrett Resources and Exploration Geologist for Chevron / Chevron International

•  35 years of experience with established record of materially increasing production over various basins

•  Directed all geological operations for Bill Barrett Corporation’s Piceance Basin development program, production increased from 30 MMcf/d when the property was acquired in 2004 to 180 MMcf/d in 2010

•  Directed budget of several hundred million and all geological operations for Barrett Resources/Williams Production RMT in the Piceance Basin, increasing production of 100 MMcf/d in 2000 to 300 MMcf/d by 2004

•  Worked with team to develop geologic model for Lake Maracaibo Blocks VI and VIII reservoir characterization projects, recommendations to PDVSA resulted in over 40,000 BOPD increased production

STEPHEN P. CUMELLA, SENIOR GEOLOGICAL ADVISOR

Technical Team

Advisors

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•  Former Chief Financial Officer of PEMEX •  Former President of Nacional Financiera, Mexico's development Bank •  Former Undersecretary for the Secretary of Energy •  Former Adjunct Governor of the World Bank, the International Financial

Corporation

•  Former Senior Advisor to the CFO of PEMEX •  Former Deputy Director for Trade Financing, Mexican Ministry of Finance •  Former Deputy Director for Foreign Investment, Mexican Ministry of

Finance •  M.A. from Yale University, and an M.S. in Management from MIT

•  25 years with Schlumberger, working internationally in sixteen countries •  Expertise in business development, bidding, negotiation and contract

management •  Excellent reputation and extensive contacts within the Mexican oil and gas

industry •  Chemical Engineer, with 28 years of experience in the global oil and gas

industry

Only Mexican financial and business development consultant specializing in the Mexican energy industry

LUIS LABARDINI

ANTONIO PRINCE

ERNESTO MARCOS

Share Structure

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•  ROE - TSX-V: $0.255 (July 19, 2016) •  Basic Shares Outstanding: 159.8 million •  Basic Market Capitalization: $41 million •  Options (avg. strike $0.27): 16 million

TRANCHE 1: ROE.WT •  Outstanding: 19.2 million •  Strike price $0.50 per share, expiry July 2019

TRANCHE 2: ROE.WT.A •  Outstanding: 106.9 million •  Strike price $0.20 per share, expiry October 2020

•  $7.1 million (Q1 March 31, 2016 )

•  300.8 million

SHARE STRUCTURE

WARRANTS (TSX-V)

FD SHARES

CASH BALANCE

Renaissance retired its debt obligations and is fully funded for operations

For further information, please contact: Renaissance Oil Corp. Suite 3123, 595 Burrard Street, Three Bentall Centre Vancouver, BC V7X 1J1 Canada Tel: +1.604.536.3637 Fax: +1.604.536.3621 Email: [email protected]

GROWING WITH MEXICO - Renaissance Oil...

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