GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM Corporate - PowerPoint PPT Presentation

GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM Corporate Presentation TSXV: ROE January 2019

Forward Looking Statements Certain information in this Presentation may constitute "forward ‐ looking" information or the estimated size of Renaissance's potential oil and natural gas reserves; projections of market "forward-looking" statements within the meaning of Canadian securities legislation, including, 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 but not limited to, statements with respect to Renaissance Oil Corp. (“Renaissance” or the activities; future capital expenditure programs and the timing and method of financing thereof. With “Company”) becoming a major operator in Mexico with the three blocks awarded to the respect to forward ‐ looking information contained in this Presentation, Renaissance has made Company forming a solid foundation to grow the Company. Forward-looking statements are assumptions regarding, among other things: future prices for oil and natural gas; future currency and statements that are not historical facts; they are generally, but not always, identified by the interest rates; Renaissance's ability to generate sufficient cash flow from operations; access to debt words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, and/or equity financing to meet its operating costs and future obligations; and Renaissance's ability to “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or obtain qualified staff and equipment in a timely and cost-efficient manner to meet Renaissance's conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements demand. 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 The actual results could differ materially from those anticipated in these forward ‐ looking statements and future events could differ materially from those anticipated in such statements. Except as 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 required by the securities disclosure laws and regulations applicable to the Company, the during the recent global crisis and economic downturn; liabilities inherent in oil and gas operations; Company undertakes no obligation to update these forward-looking statements if uncertainties associated with estimating oil and natural gas reserves; competition for, among other management’s beliefs, estimates or opinions, or other factors, should change. Factors that things, capital, acquisitions, undeveloped lands and skilled personnel; incorrect assessments of the could cause future results to differ materially from those anticipated in these forward-looking value of acquisitions; geological, technical, drilling and processing problems; fluctuations in foreign statements include, but are not limited to, the failure to receive regulatory approval for the exchange or interest rates and stock market volatility; changes in the laws or application thereof by issuance of the shares, the risks associated with the bidding process and satisfaction of any the Governments of the jurisdictions in which Renaissance conducts its business; business plans and prequalifying criteria, and such other risks as disclosed in the Company’s management strategies; capital expenditure programs and the timing and method of financing thereof; the ability of discussion and analysis and other continuous disclosure filings. Although the forward ‐ looking Renaissance to achieve drilling success consistent with management's expectations; net present information and statements contained in this Presentation are based upon what management 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 of Renaissance believes are reasonable assumptions, Renaissance cannot assure readers pools or gas accumulations; supply and demand for oil and natural gas; ability and costs of increasing that actual results will be consistent with the forward ‐ looking information and statements. In plant capacity; expected levels of royalty rates, operating costs, general and administrative costs, particular, this Presentation contains forward ‐ looking information and statements pertaining to costs of services and other costs and expenses; and expectations regarding the ability to raise capital the following: the treatment of Renaissance under the regulatory regimes and laws of the and to continually add to reserves through acquisitions, exploration and development. 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 The forward-looking information contained in this Presentation is expressly qualified by this cautionary statement . 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; 2

Renaissance Oil Corp. PURE PLAY MEXICO OIL & GAS Key Statistics TSXV: ROE | ROE.WT | ROE.WT.A || OTC: RNSFF Mexico’s 1 st shale play drilled by Renaissance, • 278.3 MM Basic Shares Outstanding C$ 44.5 MM LUKOIL & PEMEX - Amatitlán block Market Cap (@ $0.16 / share) C$ 3.2 MM Cash Balance (Sep 30/18 – no debt) Q3 2018 Avg. Production 1,548 boe/d 60,000 acre Amatitlán block holds over 6 billion • Barrels of Oil Equivalent in place in the shales Drilling 1 st unconventional well • Technical team 1 st to develop shales in the US, now 1 st in Mexico • 3

The Mexico Opportunity Mexico holds some of the world’s largest undeveloped oil & gas resources Massive unconventional resources are untouched • 76 year Pemex monopoly has just ended Decades of limited capital reinvestment • Offshore focus left tremendous onshore opportunities • Slow adoption of modern drilling & completions technologies • Extensive near-term deal flow potential includes: M E X I C O I S AN 160+ Pemex farm-outs • I D E AL J U R I S D I C T I O N F O R AN AG G R E S S I V E , 200+ onshore extraction blocks designated for auction • G R O W T H - F O C U S E D O I L & G AS C O M P AN Y 4

Tampico Misantla : “Super Basin” Producing oil since the early 1920s, exhibiting all characteristics of a ‘super basin’: Amatitlán 7.4 billion boe produced to date (mostly oil) • Tampico Misantla 5.2 billion boe in remaining 2P reserves • Basin 34.9 billion boe in prospective unconventional • resources Proven worl rld class b basin with untapped shale p pote tenti ntial • Source: 2017 Centro Nacional de Información de Hidrocarburos IHS Markit identified the Tampico-Misantla Basin as one of 24 global onshore ‘ Super Basins ’, much like the Permian, with multiple reservoirs and source rocks 5

Plataforma de Amatitlán Depth (m) Tampico Valles 500-1,000 1,000-1,500 1,500-2,000 SWEET SPOT OF A NEW SHALE PLAY 2,000-2,500 2,500-3,000 3,000-3,500 3,500-4,000 4,000-4,500 “Over Pressure with Light Oil/Condensate” Large block: 243 km 2 (60,000 acres) Amatitlán Golfo de Plataforma de Tuxpan México Multi-zone Extraction Strategy Roza Rica  Upper Jurassic Shales: potentially world’s next premier shale play Naulta Tampico Misantla Basin • 1 st Unconventional Appraisal Well to be drilled 2018 Upper Jurassic Depth Map Alto Plan de la Haya  Tertiary Sands: low risk production • Recently finished drilling last well of 17 shallow wells, U P P E R J U R A S S I C F O R M A T I O N Chicontepec formation: Certified resource of 4.2 billion bbls of light crude I S A T H I C K , O I L - R I C H H Y B R I D oil & 3.3 TCF of natural gas originally in place* R E S O U R C E S Y S T E M T H A T I S H I G H L Y P R O S P E C T I V E F O R S T A C K E D P A Y D E V E L O P M E N T * Volume estimates publicly disclosed by the Mexican government and not prepared by a qualified reserves evaluator in accordance with the COGEH or NI 51-101 . 6

Upper Jurassic Shale Upper Jurassic Shales are the major source rock for Mexico’s oil production, including the prolific Golden Lane MEXICO’S SOURCE ROCK and Cantarell fields Amatit atitlá lán Cerro ro Azul zul-4 Cantarell ntarell Cerro Azul-4 260,000 Bbl/d World’s Largest Producing Oil Well Golden Lane Fields Onshore Tampico Misantla Gulf of Mexico Gulf of Mexico Eocene Discovered 1916 Pal Chicotepec Source Rock: Pleist Upper Jurassic Shale Plio Cantarell Field 2.1 million Bbl/d World’s Largest Producing Off-Shore Oil Field Bay of Campeche Offshore Gulf of Mexico Upper Jurassic Upper Jurassic Peak Production 2003 Source Rock: Basement Upper Jurassic Shale *Image not to scale