1. November 18, 2013
Tightly held Petrichor Energy (V.PTP) plans aggressive
Marble Falls drill program
ENERGY | Q&A interview with Petrichor Energy CEO and Director, Joe DeVries
By Stockhouse Editorial
Q+A
Joe DeVries has 20 plus years
of experience in financing and
administering public companies, having facilitated in the
building of shareholder equity
value with development capital, reorganization and reactivation of Tier 2 TSX-Venture
oil and gas issuers, including
Altima Resources Ltd. and
TransAmerican Energy Inc.
Today, as CEO and
Director of Petrichor Energy,
he helms a company with an
intriguing property, a tightly
held share structure, and JV
partners that know the lay
of the land.
Their Marble Falls property
holds so much promise, in fact,
that DeVries has been aggressively adding to their holding.
Can you tell me about
Petrichor Energy and how
it was formed?
JD: Petrichor Energy (TSX:
V.PTP) is an emerging oil
and gas exploration company
focused on acquiring, exploring and developing new oil
reserves in North and South
America, while employing the
latest geophysical and geological technologies. Petrichor
Energy was formed through
the reorganization of Odyssey
Petroleum, with the purpose
to focus on the acquisition
of assets for tight oil and gas
reservoirs within Texas.
You’ve recently acquired
property at Marble Falls,
Fort Worth Basin in North
Texas, why did you choose
Marble Falls? What is the
opportunity?
JD: The Marble Falls was
chosen because of its location
overlying the Texas Barnett
Shale and fitting the profile of
a highly prospective property.
The prospect consists of 12,000
acres of oil-rich Pennsylvanian
Age Limestone resource play.
There is potential for 100+
locations of multi-zone targets
utilizing both, vertical and
horizontal drilling techniques.
The Pennsylvanian Age Limestone is a liquids-rich Mississippi age porous limestone
formation, that is deposited
beneath the Barnett Shale and
forms pinnacle reefs at depths
less than 5,000 feet, reaching a thickness of 400+ feet.
These resource plays create the
opportunity for large reservoir
targets with massive hydrocarbon deposits within shoal
basins, and at times producing
in excess of 400,000 BO per
well. Lime stone plays have
produced approximately over
75,000+ BO in vertical wells,
with great potential in horizontal wells to expose more
reservoir rock and exponentially increase production capabilities. Additionally, there is
opportunity to explore known
fields that have potential for
multi-zone completions in
all of the wells, including the
building of reserves through
drilling while taking advantage
of the growing sophistication
of new frac technologies.
Tell us more about your
Marble Falls project and
what stage is it at?
JD: Petrichor has recently
acquired additional acreage

2. November 18, 2013
in the Marble Falls Prospect,
totaling 66.66% WI, (2/3 of
12,000 acres) and will be
drilling our first development
well in this quarter.
What do you think you can do
with that project over time?
JD: We believe we can build
value for our shareholders
through strategic development
of proven, in-ground, longlife reserves.
What are the key challenges
that you face in this current
market?
JD: Availability of continuous
capital in order to develop
the property and wells could
be a challenge in the current
market.
Tell me about your management team and their ability
to execute in Marble Falls?
JD: Our management team is
made up of individuals with
a wealth of experience and
knowledge in this area, including various regions of North
America. Accumulatively, our
team retains over 100+ years
of experience in successfully
developing fields.
completed wells between
2005 – 2007. With operating
partners in place, successful
Petrichor test wells can be
in production quickly.
Petrichor is the quintessential ground floor microcap
opportunity.
Why should investors be
thinking about investing in
Petrichor Energy?
JD: Our company has a tight
capital structure, with an
incredible upside. We have the
ability to develop and build low
risk/high ROI properties, in
proven areas, that result in long
life reserves and production;
increasing shareholder wealth.
Marble Falls is a hot oil
and gas play in the Forth
Worth Basin with extreme
upside potential and high attention from the majors.
The Barnette shale region
saw 100% success rate on
What are the key goals for
the remainder of 2013 and
early 2014?
JD: Our key goals entails drilling the first three test development wells at Marble Falls,
(commencing in the first quarter) and bringing production
on line, while continuing to set
up aggressive well development
in the balance of the last three
quarters of 2014.
Disclosure: Petrichor Energy is
a Stockhouse client.