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 3
Land 50 45 Blocks Colombia, Peru, Argentina, Brazil* 40 Exploration Blocks 30 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 11.4 million gross acres* (10.4 million net acres) *As of December 31, 2013 4
Year-End Reserves (SEC - Dec. 31, 2013) 200 3P (Proved, Probable & Possible): 183.9 MMBOE NAR (94% oil and liquids) 2P (Proved & Probable): 111.9 MMBOE NAR (97% oil and liquids) 3P Million barrels of oil equivalent 150 1P RLI*:…
Our Vision: Growing reserves through Exploration 10
2014 Exploration Drilling Program Basin Putumayo Block Putumayo-1 Well Cabaas Norte Colombia x6 Putumayo Chaza Eslabn Norte Deep Putumayo Chaza Corunta Colombia Putumayo Chaza Zapotero Brazil Putumayo Chaza Eslabn Norte…
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 Mean field size 10 MMBO Versus 2-3 MMBO typical size in Colombia 9 Blocks 611,000 Gross Acres 520,000 Net Acres 180 km 2D…
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 Moqueta Moqueta Sinu-San Jacinto Basin Eslabon Moqueta New exploration concept in a East North West proven petroleum system Moqueta Putumayo Basin Deep Dominant…
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 Bretaa Oil Reserves with development in January, 2014 (SEC Compliant, net after royalty): Drill a water injector Q1 2014 Drill…
Exploration Success Establishes Mid-Term Growth Peru Bretaa Norte 95-2-1XD Reservoir structure map above 99 foot gross (53 foot net) oil oil-water contact column 1,984 BOPD natural flow (18.5API) North & Central Lobes L4 Lobe…
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…
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 2015/16 On trend with prolific hydrocarbon Agua…
Brazil Foothold Established Modern Concepts & Technology in Old Basin 100% WI in 7 blocks Foz do Amazonas Basin 47,733 gross acres Para-Maranhoa Basin 3.0 MMBO NAR 2P reserves in the Barreirinhas Basin Ti field at year-end 2013…
Argentina - Energy Market in Transition Rising oil prices - 83.09/bbl Bolivia Paraguay Approximately 3,000 BOEPD NAR Santa Victoria (2013 average) Noroeste Basin Palmar Largo (Balbuena Este) El Chivil Palmar Gas and oil…
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 467 Million 428.8 Cash *Includes 2mm in corporate activities and Cash Equivalents* Million 2014 Capital Program Colombia 243mm Brazil 30mm Peru 148mm 245.8 Working Argentina 44mm…
Investment Highlights Land 11.4 MM acres gross Reserves 42.1 MMBOE Proved* Production 22,267 BOEPD NAR after inventory adjustments (2013 average) Exploration and Development 16 new wells (2014) Colombia Peru Brazil Argentina…
Company summary Symbol (NYSE MKT, TSX): GTE Headquarters: Calgary, Canada Year End: December 31 Basic Shares Outstanding1: 283 million Diluted Shares Outstanding2: 286 million of Employees: 520 Director & Officer…
300, 625 11th Avenue SW Calgary, Alberta T2R 0E1 28
Appendix Year Ended December 31, Funds Flow From Operations - Non-GAAP Measure 2013 2012 2011 (000s) Net income 126,288 99,659 126,917 Adjustments to reconcile net income to funds flow from operations DD&A expenses 267,146 182,037…