Corporate Presenation of Petrodorado Energy Ltd, updated September 2011

1. Corporate Presentation September 2011

2. Disclaimer: Forward Looking Statements This Presentation (the “Presentation”) includes forward looking statements relating to, among other things, (a) the future financial performance and objectives of Petrodorado Ltd. (the “Corporation”) and (b) plans and expectations for the operation of the Corporation. These forward-looking statements are typically, but not always, identified by terminology such as “may,” “will,” “should,” “expect,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “projects,” “predicts,” “seeks,” “potential,” “continue” or other similar terminology. Forward-looking statements are inherently unreliable, and prospective investors should not rely on them. The forward-looking statements are based on the Corporation’s current expectations, assumptions, estimates and projections about future events. Actual results are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed in a forward-looking statement as a result of numerous risk factors. The Corporation has no obligation to update or otherwise revise any forward looking statements after the date of this Presentation or to reflect the occurrence of unanticipated events. Estimates of unrisked prospective resources pursuant to different sources including internal management evaluation. There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Operational Plans are subject to obtaining local permits and other customary regulatory approvals.

3. Table of Contents Corporate Summary Assets Summary Los Llanos: CPO 5 Upper Magdalena : Talora & Buganviles Caguan-Putumayo : Tacacho Peru 135 & 138 Paraguay Pirity Differentiating Factors & Summary

6. Sliding scale royalties of 8% for under 5,000 boepd to 25% for over 600,000 boepd

7. Corporate tax rate of 33%

8. Drilling success rate of >50% in 2009

9. Paraguay

10. Sliding scale royalties of 10% to 14%

11. Corporate tax rate of 10%

12. Government commitment for first 28,000 bopd of production at the wellhead

13. Peru

14. Sliding scale royalties of 5% to 15%

15. Corporate tax rate of 30%Source: ANH (AgenciaNacional de Hidrocarburos)

16. Asset Summary and Operations Plan Company Maker Blocks Company Maker Blocks *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources Operational Plans are subject to obtaining local permits and other customary regulatory approvals. .

17. Colombia: Basins PDQ Assets *There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.

18. Los Llanos Basin: CPO 5 Block Petrominerales: Guatiquia Block Candelilla Structure: prolific producer • Recent Yatay-1 Discovery 10,440 bopd Recent Prolific Discoveries 40MMBOIP 16 – 43 API Corcel Guatiquia Recent Discovery Apiay 610 MMBOIP 25-30 API Caracara 100 MMBOIP 14-25 API CPO-5 Castilla 2.2 BBOIP 14-16 API Rubiales 942 MMBOIP 14 API Valdivia-Almagro 12 MMBO / 23 API Camoa 5.5 MMBOIP 14 API

21. Upper Magdalena – Buganviles

22. Caguan-Putumayo Basin: Tacacho

23. Peru – Block 135 and Block 138 Peru Block 138 558 Km 2D 2011 Brazil Prospect C2 9.004 Acres Prospect C1 14.167 Acres Prospect P1 3.077 Acres Prospect C3 5.465 Acres Prospect P3 14.971 Acres : CretaceousProspects : PaleozoicProspects

24. Paraguay – Pirity Block

27. Senior Management Team Krishna Vathyam – President, CEO and Director (Calgary & Bogota) Over 25 years of international oil and gas experience with Schlumberger Experience includes management, operations, field developments, production enhancement and heavy oil Country Manager in Colombia and Venezuela (operations, financial, regulatory and security) Executive level peer network with Pacific Rubiales, Sincor, PDVSA, StatoilHydro, ONGC, Ecopetrol, Schlumberger, Baker Hughes, MI-Swaco and TransOcean Max Rolla – Vice President Exploration (Bogota) 23 years of oil and gas experience with Maraven (PDVSA), Amoco, ConocoPhillips and StatoilHydro Masters Degree in Geophysical Engineering from Colorado School of Mines in 1995 Executive level peer network with Pacific Rubiales, BPZ and StatoilHydro Arturo Lara – Chief Geoscientist (Bogota) 30 years of oil and gas experience in South America with Maraven, Total and Gazprom Masters in geology from IFP (French Institute of Petroleum) Expertise in exploration geology play and location identification Executive level peer network with Pacific Rubiales, Gazprom, Total, PDVSA and Maraven Emir Arzola – Chief Reservoir Manager (Bogota) 29 years of oil and gas experience in Colombia and Venezuela Maraven, PDVSA, Perez Companc and Petrobras Colombia Operations Mgr with Tecnopetrol (pre-cursor to Pacific Stratus) Reservoir Engineer Jorge Garcia - General Manager (Colombia & Peru) (Bogota) 17 years of International Oil & Gas experience with Schlumberger and Mobil Worked in Colombia, USA, France, Spain, Portugal, Australia, North Africa Engineer and MBA V.C. Mohan – Consulting Chief Geophysicist (India) 50 years of oil and gas experience with ONGC Founder of ONGC’s geophysical processing centre, discovered KG Basin (India) and initiated ONGC Videsh Executive level peer network with ONGC and OVL

29. Co-founder and Chairman of Bankers Petroleum and Director of BNK Petroleum

30. Previously Chairman of Northern Orion Resources and co-founder and Chairman of B2Gold Corp

31. Has created value for shareholders of Northern Orion (CAGR 153%), Bankers (CAGR 63%) and EAGC Ventures (CAGR 947%)

32. Doug Urch (chair Audit Committee, Compensation committee)

33. Chief Financial Officer of Bankers Petroleum

34. Over 25 years of oil and gas experience and previously the Chief Financial Officer of Rally Energy

35. Gregg Vernon (chair Reserves Committee, audit and compensation committee)

36. 30 years of oil and gas experience with 20 years of experience with Schlumberger

37. Co-founder of Petro Andina Resources and founder and Chairman of Prospero Hydrocarbons, a private oil company recently acquired by Alange Energy in September 2009

38. Young BaeKu (Reserves Committee)

39. Founder and CEO of Gmarket, a NASDAQ listed company, which was recently acquired by Ebay Q1 ‘09 (US$1.2bn)

40. 10 years of experience working for Schlumberger

41. Krishna Vathyam (Reserves Committee)

42. President and CEO of Petrodorado