Turning 3.0 Million into 42.1 Million barrels of oil equivalent* and Growing *Net after royalty Proved reserves, 2006 versus 2013 GLJ - December 31, 2013 SEC compliant 95% oil and liquids, gas converted at 6:1 including the recently…
Land 50 34 Blocks Colombia, Peru and Brazil* 40 Exploration Blocks 30 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014* 10.1 million gross acres* (9.5 million net acres) 4 * 2014 acreage and blocks…
Year-End Reserves (Dec. 31, 2013) 200 2P SEC / NI51-101 (Proved & Probable): 112 MMBOE NAR (97% oil and liquids) 3P SEC / NI51-101 (Proved, Probable & Possible): 184 MMBOE NAR (94% oil and 3P Million barrels of oil equivalent…
Production 25,000 Q2 2014: 26,261 BOEPD Working Interest* 19,857 BOEPD Net After Royalty* 20,000 BOEPD (net after royalty) 15,000 10,000 5,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 19,500 to 20,500…
Funds Flow from Operations 400 1H 2014: 171.8 million Funds Flow from Operations Funds Flow from Operations (MM) 300 200 100 0 2007 2008 2009 2010 2011 2012 2013 352.9 million Funds Flow from Operations Year…
Our Competency: Growing Production through Development 8
Our Vision: Growing reserves through Exploration 10
2014 Exploration Drilling Program Basin Block Well Putumayo Putumayo-1 Cabaas Norte Putumayo Chaza Eslabn Sur Deep Colombia Colombia x4 Putumayo Chaza Corunta-1A Putumayo Chaza Eslabn Sur Shallow Peru Brazil Four…
Growing with Colombia Putumayo Basin 1 landholder, reserve holder and producer Venezuela Costayaco field, production platform Sinu-San funding growth Jacinto Basin Growing reserves and production at Llanos the Moqueta field Basin…
Putumayo Basin Core Position Under-explored basin Dominant land position in foothills trend Chaza 9 Blocks 611,000 Gross Acres 520,000 Net Acres 124 km 2D Seismic (2014) 219 km2 3D Seismic (2014) 4 Exploration wells…
Costayaco Field Core Asset Colombia Bogot Reserves and Production Platform Putumayo Basin Reserve growth (gross) before royalty & production Improving Recovery Growing Reserves Costayaco Light and Medium Oil Reserves (SEC…
Moqueta Oil Discovery Growing the Platform Reserve growth (gross) before royalty & production New Reserves Near Term Growth Moqueta Light and Medium Oil Reserves (SEC Compliant, net after royalty): Reserves Category MMBO Proved…
Expanding Position Building the Portfolio, Growing Upside Sinu-San Jacinto Basin Eslabon Moqueta Moqueta Moqueta East Putumayo Basin New exploration concept in a North West Dominant exploration proven petroleum system Moqueta…
Elephant hunting in Peru Putumayo Basin Colombia Ecuador Blocks 123 & 129 Iquitos Maraon Basin Mid Term Growth Pipeline Opportunity Block 95 Andes Peru Brazil Mountains 5.7million gross acres Blocks 133 & 107…
Block 95 Bretaa Oil Discovery Peru Board of Directors approved proceeding New Reserves Mid Term Growth with development in January, 2014 Bretaa Oil Reserves FEED (Front End Engineering Design) (SEC Compliant, net after royalty):…
Exploration Success Establishes Mid-Term Growth Peru Bretaa Norte 95-2-1XD Reservoir structure map above 99 foot gross (53 foot net) oil Bretaa-1x oil-water contact column Bretaa Norte 95-2-1XD North 3,095 BOPD natural flow…
Blocks 133 and 107 The Elephant Hunt Continues Peru Block 107 and 133 New 2D seismic acquired, six new Aguaytia Condensate prospects and leads identified Field Drilling planned for 2015 On trend with prolific hydrocarbon Agua…
Blocks 123 and 129 The Elephant Hunt Continues Peru Blocks 123 & 129 Immediately up-dip and along strike from prolific Maraon producing fields New 2D seismic acquired, thirteen new prospects and leads identified Drilling in…
Brazil Foothold Established Modern Concepts & Technology in Old Basin 100% WI in 7 blocks 47,733 gross acres Foz do Amazonas Basin Para-Maranhoa Basin 2P NAR reserves in the Ti field Barreirinhas Basin increased 48% to 4.9 MMBO (SEC…
Corporate Social Responsibility Key to success CSR plan committed to conduct business in a socially, ethically and environmentally responsible manner Areas of activity include: Health Vaccination/Immunization programs Health…
2014 Capital Program and Working Capital 332.4 Cash 482 Million* and Cash Equivalents** Includes 5mm in corporate activities Million 2014 Capital Program Colombia 249mm 328.0 Peru 173mm Brazil 37mm Working Argentina 18mm…
Investment Highlights Land 10.1 MM acres gross Reserves 42.1 MMBOE Proved* Production from Continuing Operations 19,857 BOEPD NAR before inventory adjustments (Q2 2014 average) Exploration and Development 14 new wells (2014)…
Company summary Symbol (NYSE MKT, TSX): GTE Headquarters: Calgary, Canada Year End: December 31 Basic Shares Outstanding1: 284 million Diluted Shares Outstanding2: 288 million of Employees: 450 Director & Officer…
300, 625 11th Avenue SW Calgary, Alberta T2R 0E1 27
Glossary of Terms Glossary of Terms bbl: Barrel BO: Barrels of Oil BOPD: Barrels of Oil per Day LTT: Long-Term Test mm: Million MMBO: Million Barrels of Oil MMBOE: Million Barrels of Oil Equivalent MMCF: Million Cubic Feet NAR: Net After…
Appendix Three Months Ended June 30, Six Months Ended June 30, Funds Flow From Continuing Operations - Non-GAAP 2014 2013 2014 2013 Measure (000s) Net income 9,137 47,783 54,266 105,696 Adjustments to reconcile net income to funds…
Appendix Three Months Ended December 31, Year Ended December 31, Funds Flow From Operations - Non-GAAP 2013 2012 2013 2012 Measure (000s) Net income (loss) (12,465) 42,263 126,288 99,659 Adjustments to reconcile net income (loss)…