Rodinia Oil Corp. V.ROZ

History of ROZ, What did they all See in 2006

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and walk away after only 2 wells drilled ?

Welcome to Rodinia Oil Corporation

Rodinia Oil Corp. (TSX VENTURE: ROZ) is a junior oil and gas corporation engaged in the exploration, acquisition and development of world-class onshore petroleum and natural gas assets in Australia's Officer Basin. Founded in 2006, Rodinia is one of the first companies of its kind to undertake onshore exploration in the Officer Basin and has access to 23 million acres of potential oil resources in the region. According to the independent resource-evaluation firm, Ryder Scott Company Consultants Ltd. (Ryder Scott), Rodinia's gross lands contain prospective (recoverable) un-risked, undiscovered resources totalling 125.7 billion barrels of oil. Of this amount, the first 10 drilling locations are estimated to contain 26.2 billion barrels of oil.

Rodinia is headquartered in Calgary, Alberta and employs a highly experienced management team and board of directors with expertise in international oil and natural gas exploration and development. Conducting all of their operations in Australia, Rodinia also has an office in Adelaide, Australia and is committed to contributing to the local economy by employing experienced local management, staff and consultants to assist in the development and implementation of the Corporation's exploration projects. Rodinia believes that maintaining strong community, government and industry partnerships in Australia through sound corporate citizenship will be a key element of their overall success.

Rodinia is listed on the TSX Venture Exchange under ROZ. For more information, please visit www.sedar.com.

Rodinia was established in 2006 in Calgary, Alberta. Originally founded as Officer Basin Energy, Inc., the company focused on high impact oil and natural gas development in Australia's Officer and Georgina Basins. As one of the first companies of its kind to conduct exploration in Australia's southern and western basins, the company secured substantial early financing to conduct initial geologic and exploration programs in the region. In 2008, Officer Basin Energy was re-named Rodinia Oil Corp., re-aligning its operational strategy to focus on hydrocarbon exploration and development solely in the Officer Basin. According to geological surveys, the Officer Basin has similar geological features with basins in Siberia, Russia and Oman in the Persian Gulf, which possess billions of barrels of light oil reserves.

Today, Rodinia has an estimated 85 per cent working interest in 23 million acres of land containing prospective (recoverable) un-risked, undiscovered resources totaling 125.7 billion barrels of oil.The independent resource-evaluation firm, Ryder Scott Company Consultants Ltd. (Ryder Scott), has estimated that of this amount, the first 10 drilling locations are estimated to contain 26.2 billion barrels of oil.

In May of 2010, Rodinia began trading publicly on the TSX Venture Exchange under ROZ. Rodinia projects drilling to begin in the first quarter 2011 and, with drilling success, production to commence by late 2011.

COMPANY HISTORY:

2006

• Officer Basin Energy Inc. is established

2007

• Farm-out 20% working interest of PEL 81 & 253 for $6.75MM (Feb)

• Registered Special Prospecting Authorities (SPA) 5 & 6 and PELA 351

• Two financings raise $11 million (Aug)

• Farm-in on Georgina Basin (Nov)

• Aeromagnetics & aerogravity programs in the Western Australian section of the Officer Basin are completed (14,500 km)

2008

• Officer Basin Energy, Inc. becomes Rodinia Oil Corp.

• Phase I of seismic program covering 985 km is completed

• Resource Evaluation conducted by independent resource evaluation firm Ryder Scott

• Registered PELA 445 in S.A.

• Rights Offering closed ($1.4 million)

• Jim Buckee, former CEO of Talisman Energy, is appointed to Rodinia's Board of Directors

2009

• Phase II of the seismic program, covering 526 km completed in March

• 10 drill leads identified on seismic

• Wester Australia SPAs converted to Exploration Permit Applications (EPA)

• Rodinia divests its interests in the Georgina Basin to Australia Energy Corp. ("AEC") for 2 million shares of AEC

• Independent reservoir-evaluation firm Ryder Scott publishes Fair Market Value Report on Rodinia Oil Corp., estimating the fair market value of the Corporations land holdings at CAD $77 million

2010

• Rodinia files preliminary long form prospectus in April (see www.sedar.com for further details)

• Final prospectus filed in May (see www.sedar.com for further details)

• Rodinia announces Initial Public Offering on May 28th, 2010 and begins public trading

• Rodinia closes IPO over-allotment option

• Rodinia granted two new Petroleum Exploration Permit Applications (EPA) for the Officer Basin in Western Australia.
  
  
  
  

  Properties of Rodinia

  • Officer Basin - South & Western Australia

  • Analogue - Siberia, Russia

  • Analogue - Oman, Middle East

  Rodinia has a well-defined operational strategy designed to identify and exploit the hydrocarbon potential of Australia's under-explored Officer Basin. Focusing on onshore oil and natural gas exploration, Rodinia has identified 10 drilling targets containing an estimated 26.2 billion barrels of prospective (recoverable) un-risked, undiscovered light oil and has extensive future drilling opportunities. Drilling is expected to commence by Q2 2011 and, with drilling success, production is expected to begin in late 2011.

  Resource Potential of the Officer Basin

  The oil and natural gas basins of Australia were created approximately 540 to 800 million years ago (Neoproterozoic) when most of the world's land masses were merged as one supercontinent known as "Rodinia". As a result of the break-up of the supercontinent, the Australian basins share similar geological features with basins in Siberia, Russia and Oman in the Persian Gulf, which possess billions of barrels of light oil reserves. These analogous features include:

  • The existence of Cambrian/Neoproterozoic reservoirs;

  • Similar algal/bacterial source beds;

  • Similar salt structures created by the evaporation of sea water; and

  • Similar salt seals which are ideal for long-term hydrocarbon trapping.

  
  Australia's Officer Basin covers an area of more than 86.5 million acres in South and Western Australia. Rodinia currently has an approximate 84 per cent working interest in and is the operator of 23 million acres of underexplored land in the region. According to extensive seismic surveys and mining well bores, the Officer Basin has at least two working petroleum systems and several potential oil traps.

Analogue - Siberia, Russia

In the Irkutsk area of the Siberian Basin, reserves of 26 billion barrels of oil and 152 TCF of natural gas have been proved, with additional identified potential of 59 billion barrels. In the Sakha area, reserves of 0.5 billion barrels of oil and 13 TCF of natural gas have been identified and additional potential of 15 billion barrels and 35 TCF of natural gas.

Source rocks in the area are of a similar maturity - Neoproterozoic and Early Cambrian. Geologic indicators of petroleum traps include salt structures - domes, anticlines and walls, and salt seals over inter-bedded reservoirs & sources and some moderate deformation.

EXECUTIVES & DIRECTORS:

DIRECTORS

KEY CONSULTANTS

Peter Boult, Ph.D Applied Geology
Consultant (Senior Geological Advisor)

Dr. Boult has over 30 years of international experience in the oil industry. Most recently, Dr. Boult worked as the Chief Petroleum Geologist at PIRSA. Prior thereto, Dr. Boult spent seven years with PIRSA, conducting innovative and specialized pre-competitive geoscientific research to develop new exploration concepts, which influenced industry perceptions of South Australia's petroleum prospectivity.

Dr. Boult has been involved in producing over 70 published technical papers and abstracts in major industry journals and co-edited two books while at PIRSA. Dr. Boult's research focused on oil in the Officer Basin as well as other basins in South Australia. Prior to his work at PIRSA, Dr. Boult lectured at the University of South Australia for ten years and was a staff geologist with Origin Energy for five years. For the last two years Dr. Boult has been the Managing Director of Ginkgo Resources Pty Ltd., a services company specializing in seismic interpretation.

Dr. Boult obtained his Ph.D in Applied Geology from the University of South Australia with a focus in hydrocarbon seals in 1996. Dr. Boult holds a Bachelor of Science (Honours) degree in Geology from the University of Leeds.

Garrard (Garry) White
Consultant (Senior Drilling Advisor)

Mr. White has 39 years of experience in oil and gas. Most recently, Mr. White worked as the Vice-President and Chief Operating Officer of Ensign International Energy Service of Canada ("Ensign"), based in Adelaide, Australia. While at Ensign, he supervised all group international operations outside of North America including Australia.

Prior to his work at Ensign, Mr. White spent 29 years with Australian Oil and Gas Corporation where he held senior executive roles, including General Manager and Manager of International Operations. Among other things, Mr. White was responsible for the fabrication and commissioning of two purpose built desert drilling rigs and setting up the company to work in a new area of operations in Oman.

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