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AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp.

Gulfport Energy Corp. · Aug 10, 2011 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 1
    Gulfport Energy Corporation Corporate Presentation August 2011
  2. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 2
    Gulfport Today Company Overview Primary Areas of Operation Grizzly(3) Acreage: 178,081 Net Acres 2P Reserves: 28.5 MMbo Ticker: Contingent Resource: 493 MMbo Utica Shale(4) Acreage Commitments: Market Cap(1): 1.6 Billion…
  3. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 3
    Key Investment Highlights Oil-focused producer with multiple production growth catalysts enables continued NAV accretion 2010 production 90% crude oil (before NGLs); proved reserves 88% crude oil at 2010YE Permian, Oil Sands,…
  4. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 4
    Large Captured Oil Resource Base Large exploitable oil-rich resource base of 597 Net MMBOE + significant upside (1) 493 MMBOE Proved + probable pre-tax PV - 10 = 1.0 billion at NYMEX strip(2) Additional Upside Incremental value…
  5. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 5
    Utica Shale - Three Windows of Maturity The Utica Shale generally shallows and becomes less mature moving east to west Currently expect the Utica Shale to have three windows of maturity similar to the Eagle Ford in South Texas…
  6. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 6
    Utica Shale - Industry Activity Gulfport is targeting acreage Border represents counties where GPOR is actively within the wet gas / retrograde purchasing acreage Drilled condensate and mature oil Drilling windows of the Utica…
  7. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 7
    Utica Shale Illustrative Development Economics(1) (1) (1,2) (1,2) Utica Shale Bakken Eagle Ford Low High Well Cost (MM) 6.0 6.0 7.0 5.5 Total Vertical Depth 7,500 9,500 Feet 7,500 9,500 Feet 10,000 Feet 11,000 13,000 Feet Lateral…
  8. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 8
    Grizzly Unique Oil Sands Position Gulfport has an interest in the Canadian oil sands which is a unique asset for a mid-cap independent E&P Gulfports interest in the Canadian oil sands comes by way of an 24.9999% interest in Grizzly…
  9. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 9
    Grizzly Overview Large land and resource base Over 700,000 net acres in Athabasca and Peace River regions (nearly all 100% working interest) 114 million bbls of probable reserves and approximately 2 billion bbls of best estimate…
  10. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 10
    Grizzly Reserve & Resource Summary Reserves / Resources (MMbbl) Best estimate Probable Probable + Possible contingent resources Existing technologies Immediate development Algar Lake 114 154 35 Near-term development Thickwood Hills…
  11. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 11
    Grizzly Growth Plan Current Project Development Schedule(1) (bbls/d) (3) Near-term Development: 200,000 + Thickwood Hills, Algar Lake Phase 3, Silvertip, Ells North, Kodiak, 10,000 60,000 + Immediate Development: 10,000…
  12. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 12
    Permian Asset Overview(1) 14,700 net acres; primarily targeting Wolfberry play Net proved reserves of 14.45 MMBoe (65% of total) 226 gross PUD locations Net probable reserves of 9.51 MMBoe 234 gross probable locations Potentially…
  13. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 13
    South Louisiana Oil Focused Production Overview Operates and owns 100% of two fields originally discovered by major oil companies in early-to- mid 1900s 100% operated Multi pay wells on salt dome features with predominately…
  14. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 14
    Hackberry Asset Overview(1) 2011 Activities Update(2) Net proved reserves of 3.00 MMBoe Spudded twelve wells 18 PUD locations, 13 preliminarily permitted un- Two wells are currently drilling booked locations and growing inventory…
  15. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 15
    West Cote Blanche Bay Asset Overview(1) 2011 Activities Update(2) Net proved reserves of 4.52 MMBoe Drilled twelve wells Net probable reserves of 6.15 MMBoe Currently running one rig full-time at WCBB 29 booked PUD locations, 107…
  16. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 16
    Niobrara Asset Overview 19,172 net acres 3 producing wells and existing well control on acreage 75-150 MMBoe of gross original oil in place per section(1) Gulfport operated Continue to pursue acreage acquisition opportunities…
  17. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 17
    Thailand Gulfport owns interests in four onshore concession blocks in Thailand Sin Phu Horm gas field in block 15/43 produced 105.76 MMcf per day of natural gas and 474 barrels per day of condensate in 2Q11 Gulfport owns 0.7%…
  18. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 18
    Financial Summary 19
  19. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 19
    2011 Gulfport Guidance Gulfport currently expects to spend 127 to 133 million of capital during 2011 (excluding Utica Shale acreage acquisitions), which is to be entirely funded from within internally generated cash flow based upon…
  20. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 20
    Attractive Cash Margins High revenue per barrel of production due to liquids weighted production 90% - 95% crude oil with 85% enjoying attractive premium for Louisiana sweet crude Results in free cash flow that is being redeployed…
  21. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 21
    Key Investment Highlights Oil-focused producer with multiple production growth catalysts enables continued NAV accretion Expansion of acreage position in Utica Shale of eastern Ohio with commitments in place which could increase…
  22. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 22
    Appendix 23
  23. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 23
    Hedged Production Gulfport Energy Corporation Fixed Price Swaps 2011E Weighted Average Barrels Per Month Daily Price Day Jan-11 86.96 2,000 Feb-11 86.96 2,000 Mar-11 86.96 2,000 Apr-11 86.96 2,000 May-11 86.96 2,000 Jun-11…
  24. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 24
    Grizzly Algar Lake Immediate Development 56,300 contiguous acres (100% W.I.) Probable reserves: 114 mmbbls Single McMurray channel feature Reservoir ideally suited for SAGD High porosity, bitumen saturation and permeability;…
  25. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 25
    Grizzly ARMS Development Model Metrics Grizzlys ARMS Similarly Sized Development Model (1) Competitor Projects Steam Production 40,000 bbls/d 30,000 bbls/d Oil Production in a 3.3x SOR Reservoir 12,121 bbls/d 9,091 bbls/d Capital…
  26. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 26
    Hackberry Development Strategy Producing Currently waiting on completion Recent drilling activity has identified the existence of Gulfports joint exploration agreement at Central certain trends at Hackberry and potentially…
  27. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 27
    Niobrara Development Plan Well 1 Craig Dome Prospect will be the (1987) Craig Dome Prospect site of Gulfports initial Vertical, Slotted Liner 8,630 Gross / 4,315 Net Acres CUM: 262 MBO 208 MMCFG 322 MBO & 215 MMCFG development in…
  28. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 28
    Niobrara Play Concept 19,172 net acres focused near a number of structures on the uplift between the Piceance and Sandwash basins 75 to 150 MMBOE(1) of gross original oil in place per section Significant oil in place in an…
  29. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 29
    Thailand TEW-E Well TEW-E Shot 250 square mile 3-D seismic survey in 2009 to unlock the geology behind TEW-E TEW-E was drilled to a total depth of 15,026 feet and logged over 5,000 feet of apparent possible gas saturated…
  30. AUGUST 2011 CORPORATE PRESENTATION – Gulfport Energy Corp. – slide 30
    Grizzly Reserves and Resources Notes Notes: Probable reserves are defined in the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) as those additional reserves that are less certain to be recovered than proved reserves. It is…

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