GROWING WITH MEXICO IN A NEW ERA OF ENERGY REFORM July 2016 - PowerPoint PPT Presentation

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. 2

Why Mexico? … 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 3

Why Now? … 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 Most juniors and mid-tier oil companies are preoccupied Mexico Government has favorably revised terms 4

Renaissance Story • Pure Play on Mexican Energy Privatization 2014 • Raised $5 million – public seed capital • Engaged Halliburton – extensive experience in Mexico • Established key industry connections 2015 • Hired strong technical team • Raised $10 million equity & US$20 million loan facility • Awarded 3 top oil fields from onshore block auction • Established operations team in Villahermosa, Mexico 2016 • 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 5

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 2 nd 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)