Adira Energy September Corporate Presentation

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  • 1. TSX.V: ADLA TSX-V Listed Oil and Gas Company Exclusively Focused On and Offshore IsraelCorporate PresentationSeptember 2011

2. TSX.V: ADLForward Looking StatementsCAUTIONARY STATEMENT REGARDING FORWARDING-LOOKING INFORMATION Except for statements of historical fact relating to Adira Energy Ltd., Adira Energy Israel Ltd., Adira Energy Israel Services Ltd., Adira Oil Technologies Ltd., Adira Geo Global Ltd. ("Corporations), certain information contained herein, including statements regarding the volume of wells natural gas reserves constitutes "forward-looking statements" within the meaning of the United States Private Litigation Reform Act of 1995 or "forward-looking information" within the meaning of the Securities Act (Ontario) or Forward Looking Statements as defined under the Israel Securities Law. Forward-looking statements are frequently characterized by words such as "target, "plan, "expect, "project, "intend, believe, "anticipate," and other similar words or statements that certain events or conditions "may" or "will" occur. Forward- looking statements are based on the opinions and estimates of management or advisors at the date the statements are made and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The factors include the inherent risks involved in the exploration and development of oil and gas properties, the uncertainties involved in interpreting drilling and seismic results and other geological data, fluctuating oil and gas prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties inherent to conducting business in Israel, the availability of supplies, unexpected adverse climate conditions, the reliance on only a few key members of management, and other factors. The Corporation undertakes no obligation to update forward looking statements, if circumstances or advisor or management estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.DISCLAIMER The information contained in this presentation is confidential and for internal use only. The contents are not to be reproduced or distributed to investors, the public or press. The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of this documentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein. Estimates are based on geological, geophysical and other estimates received from third parties and/or advisors and serve, at this time, only as estimates whereby there is no certainty, as of yet, with regards them. No information contained in this presentation is compliant with NI-Policy 51-101 requirements. The Corporations have not conducted estimates or independent evaluations of the said estimates. Any estimates are expected to be updated as additional information is accumulated, including as a result of the continued analysis of the well proceeds, the conduction of production tests and the conduction of validation drilling, should they be conducted, andor as a results of a variety of factors related to projects searching for, and producing, natural gas. None of the Corporations or any of the individuals associated thereto have independently confirmed or verified the information contained in this presentation. The reader should take all reasonable actions to satisfy itself as to the accuracy of the information contained in the document. 2 3. TSX.V: ADLAdira Energy- Israel OpportunityNewly Discovered Oil & Gas Basin- Offshore Israel First Israeli-based TSX.V listed company with pure &exclusive exposure to the recent Israeli offshore gasdiscoveries Working Interest and Operator of three offshore licensesand one onshore license Sufficiently capitalized with funds to complete explorationthrough pre-drilling Strong shareholder base with access to additional capital Two independent NI 51- 101 Resource Reports completedby Gustavson Associates on Gabriella & Yitzhak Indication of resource potential, both onshore and offshore Carefully managed exploration strategy 3D geophysics now complete on three licenses Established Tel Aviv office, fully staffed with localinfrastructure TSX-V listed with Toronto office and executive presence Experienced and professional Board, Technical andManagement Teams 3 4. TSX.V: ADLBoard of DirectorsDennis Bennie - Chairman, Independent DirectorCo-Founder Adira Energy. Founder and CEO of XDL Capital; Co-founder, Former Chairman and CEO of Delrina Corporation; former Chairperson of Canada Israel Political Affairs Committee (CJPAC).Eli Barkat - Independent Director Chairman and Co-founder of BRM, a recognized figure in the Israeli business community, with more than 20 years of entrepreneurial, investment and business management experience.Sheldon Inwentash - Independent Director Chairman and CEO of Brownstone Energy. More than 20 years of experience in the investment industry and a deep understanding of progressive investment and financial management strategies. A Chartered Accountant, Mr. Inwentash is also the Chairman and CEO of Pinetree Capital Ltd., a Canadian investment company with a portfolio of investments primarily in the resource and energy sectors.Yael Reznik Cramer - Independent Director VP Business Development of BRM Group, (major shareholder of Adira Energy). Currently sits on the boards of Backweb and Schema. She is a Certified Public Accountant in Israel and holds a B.A degree in Accounting and Economics from the Hebrew University in Jerusalem and an MBA from Tel-Aviv University.Alan Friedman - Executive Vice President - Corporate Development, Director Co-Founder Adira Energy. Senior roles in resource public market sector and emerging markets covering acquisitions, disposals, financings and investor communications. Over the past 10 years, has managed or facilitated numerous successful going public transactions (IPO & RTO) on TSX and TSX-V as well as facilitation of financings in excess of $100m. Various roles in TSX companies including Afriore Ltd., Talon Metals Corp. and Auryx Gold Corp.Colin Kinley Senior Advisor, Director CEO of Kinley Exploration LLC, leading a team of industry experts providing professional, technical and oversight expertise to international resource companies within the upstream sector. With 30 years of international expertise in integrated energy project management and new energy companies development. Kinley served as a Senior Executive to several E & P companies & oilfield service companies and is specialized in frontier resource development. He is a Director and CEO of Manx Energy Inc. - an Integrated Oil and Gas Company developing Heavy Oil in Canada and a Director of Excelsior Minerals 4 5. TSX.V: ADLManagement & Advisors Hezi Kugler- Chief Executive Officer Hezi has extensive experience in the energy infrastructure field in general and in Israels hydrocarbons market in particular. Prior to his positionas Director General of Israels Ministry of National Infrastructures from 2006 2009, he was a leading project finance lawyer on major projectsin the energy and water sectors in Israel. During his tenure as Director General, he was responsible for overseeing Israels power sector andoil and gas exploration and development on behalf of the government. Mr. Kugler led Israels negotiations with BG on development of the GazaMarine natural gas reservoir off shore from Israel / the Palestinian Authority; he initiated Israels first LNG project and served as co-chairman ofthe government tender committee; he supervised closely development of Israels natural gas transmission system; and was responsible fordevelopment of Israels oil and LPG imports networks carried out through government-owned companies under his supervision. He holds a BAin Political Science from Bar-Ilan University and an LLB from Tel-Aviv University. Gadi Levin- Chief Financial Officer Gadi is a chartered accountant with many years of experience in the public and private equity markets. His experience spans multiplejurisdictions including South Africa, England and Israel. He has a Bachelor of Commerce degree in Accounting and Information Systems, hasreceived his Chartered Accountant designation in South Africa and has an MBA from Bar Ilan University in Israel. Glen Perry - Vice President Exploration Glen has 40 years of exploration and development experience, specialized in drilling operations and project execution. Masters in PetroleumEngineering. Served as a Director, COO and President of Zion Oil and Gas in Israel. Prior experience includes; Consultant to Delek Drilling;Director of National Petroleum; Executive with Prairie Producing Company, Exxon and Energy Reserves Group. Moshe Politi - Chief Geologist Moshe has 39 years of experience, specializing in the integration of multi-disciplinary aspects and methodologies of geology and geophysicsinto viable prospects in various environments: onshore, offshore, shallow and deep prospects, structurally complex (overthrust) andstratigraphic plays. Moshe received his Bachelor and Master Degrees in Geology from The Hebrew University in Jerusalem and is currentlyengaged in his PhD studies in Jerusalem. Alon Polishuk - VP of Contracts Administration and Regulations Mr. Polishuk brings over five years in Government Services of Israel, managing and co-coordinating mission critical programs and projects. Hehas extensive experience in project management, business development and expertise in legal analysis and critical examination. Mr. Polishukspecializes in Law and was admitted to the Israel Bar in 2001. He hol