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FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp.

Gulfport Energy Corp. · Feb 12, 2012 · 38 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. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 1
    Investor Presentation February 2012
  2. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 2
    Gulfport Today Company Overview Primary Areas of Operation Grizzly(3) Ticker: Acreage: 188,374 Net Acres Proved Reserves: 16.75 MMBbl Probable Reserves: 11.75 MMBbl Contingent Resource: 565 MMBbl Market Cap(1): 2.0 Billion Utica…
  3. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 3
    Key Investment Highlights Oil-focused producer with multiple production growth catalysts enables continued NAV accretion 2011 production 94% crude oil and NGL; proved reserves 86% crude oil and NGL at 2011YE Permian, Utica, Oil Sands,…
  4. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 4
    2012 Gulfport Guidance Year Ending 12/31/2012 2012E CAPEX (in millions) Forecasted Production Oil Equivalent BOE 3,000,000 - 3,200,000 Total = 215 - 225 Million Average Daily Oil Equivalent Midpoint BOEPD 8,197 8,743 Projected…
  5. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 5
    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…
  6. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 6
    Large Captured Oil Resource Base Large exploitable oil-rich resource base of 672 net MMBOE + significant upside 565.5 (1) Proved + probable pre-tax PV 10 = MMBOE Niobrara Thailand Utica Oil Sands 917 million at NYMEX strip(2) Oil…
  7. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 7
    Utica / Point Pleasant Shale Utica Shale Activity Map Chesapeake Por Murvay Chesapeake Thompson 3H East / Shell Patterson Asset Overview (1) Chesapeake Drilling Chesapeake 6.4 MMcfpd 2013 1HU Hosey Por 6H-X Spud Geatches MAH…
  8. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 8
    Utica / Point Pleasant Shale Cross Section The Point Pleasant member of the Utica is The Point Pleasant member of the Utica similar to the Eagle Ford delivers excellent economics Higher carbonate content and low clay content Gulfports…
  9. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 9
    Utica / Point Pleasant Shale Eagle Ford Comparison 10 Note: Sourced from W.D. Von Gonten Study
  10. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 10
    Grizzly Oil Sands Asphalt Creek Grizzly Oil Sands Leases Firebag Other Oil Sand Leases River McClelland Lake Alberta Oil Sands Areas Ells North Thermal Producer Silvertip Husky/BP - Sunrise Liege-Harper Suncor - Firebag Under…
  11. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 11
    Permian Asset Overview (1) 15,300 net acres; primarily targeting Wolfberry play Net proved reserves of 12.88 MMBoe (67% of total) 252 gross PUD locations Net probable reserves of 10.94 MMBoe 281 gross probable locations Net…
  12. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 12
    Permian Horizontal Drilling Potential Gulfport plans to spud its first Parks 5 16H Hutt Donald L E 15H horizontal in March of 2012 The extensive science previously conducted will add valuable support while choosing locations…
  13. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 13
    Hackberry Asset Overview (1) Production (2) Net proved reserves of 1.91 MMBoe Average net production of 2,111 Boepd Net probable reserves of 0.25 MMBoe 29% of Gulfports total net production 6 gross PUD locations Proprietary 42…
  14. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 14
    West Cote Blanche Bay Asset Overview (1) 2012 Current and Planned Activities (2) Net proved reserves of 3.97 MMBoe Currently running two rigs at WCBB Net probable reserves of 10.37 MMBoe Plan to drill 22 to 24 wells and perform 24…
  15. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 15
    Niobrara Asset Overview (1) Upside 14,993 net acres Utilizing application of 3-D seismic to aid in Gulfport continues to pursue acreage well positioning acquisition opportunities Application of modern hydraulic fracturing Net proved…
  16. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 16
    Niobrara Industry Activity 30 29 28 27 26 25 30 29 25 28 27 30 29 26 28 25 Craig Dome Prospect 27 26 30 25 29 28 31 Elgin 11-10-1 Moffet 22-1-1 8,630 Gross / 4,315 Net Acres 32 33 Drilled, Completed, 34 35 36 31…
  17. FEBRUARY 2012 INVESTOR 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 83 MMcf per day of natural gas and 380 barrels per day of condensate in 2011 Gulfport owns 0.7%…
  18. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 18
    Grizzly Update 19
  19. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 19
    Grizzly Overview Large land and resource base Over 750,000 net acres in Athabasca and Peace River regions (nearly all 100% working interest) 67 million bbls of proved reserves, 47 million bbls of probable reserves, and approximately…
  20. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 20
    Grizzly Reserves & Resources Algar Lake Reserves and Resources Proved Reserves Probable Reserves 3% 2% 2% 1% Contingent Resources 6% 20% May River Probable Reserves Contingent Resources Clastics Contingent Resources…
  21. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 21
    Grizzly Algar Lake: 10,000 to 12,000+ bbls/day 100% W.I. in 56,960 contiguous acres Regulatory approved for 11,300 bbls/d 65 cored delineation wells & 21 km2 3-D seismic 10 km northwest of the JACOS Hangingstone SAGD project (…
  22. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 22
    Grizzly Algar Lake: Construction Update Road and Infrastructure Algar Lake plant site cleared All-weather road and river crossing under construction All- weather road to Algar Lake Grizzly Field Camp 23 Note: Gulfport…
  23. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 23
    Grizzly Algar Lake: Construction Update Well Pair Drilling Precision SAGD well-pair drilling to begin in 2Q2012 Drilling Rig 188 top-drive rig can be operated by only 2 people Precision Drilling Rig 188 equipment being staged…
  24. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 24
    Grizzly Algar Lake: Construction Update Module Fabrication ARMs module Fabrication underway Components awaiting ARMs plant module shell installation in ARMs module 1 of 26 Stainless steel evaporator tank 25 Note:…
  25. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 25
    Grizzly Algar Lake: Timeline to Production ERCB Project Approval Plant Module Fabrication Road Construction Plant & Pad Site Civil Construction SAGD Well Pair Drilling/Completions In-Field Plant Assembly…
  26. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 26
    Grizzly Algar Lake: Phase 1 Netback 2014 Operating Netback (1) (/bbl) 102.04 (20.72) (1.25) (3.50) 10,00 (13.92) 0+ 62.65 (4.25) (11.17) (5.32) (1.00) 40.91 Oil (WTI) LLB Disc. Dilbit Dilbit Cost of Bitumen Crown…
  27. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 27
    Grizzly May River Acquisition Grizzly Oil Sands ULC (Grizzly), a company in which Gulfport Energy Corporation (NASDAQ: CENOVUS / COP STATOIL PTTEP LEISMER GPOR) holds an approximate 25% interest, has KAI KOS DEHSEH (LEISMER)…
  28. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 28
    Grizzly May River: Regional Overview Regional Overview of May River Property Project Current and Planned Production Phase Bbl/day Status Cenovus/ConocoPhillips 1 A 8,000 Operating MEG THORNBURY Christina Lake B 10,000 Operating C…
  29. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 29
    Grizzly May River: High Quality Resource MEG Statoil/PTTEP Kai Kos Dehseh THORNBURY 10,000 bbls/d Current Prod. 200,000 bbls/d Peak Prod. NEXEN / OPTI CENOVUS / COP STATOIL PTTEP LEISMER LEISMER KAI KOS DEHSEH (LEISMER) Nexen/OPTI…
  30. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 30
    Grizzly May River: Ideally Situated Near Infrastructure The May River property is in close proximity to Infrastructure Surrounding May River Property existing key infrastructure The May River lease is located 130 km southeast of the…
  31. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 31
    Grizzly May River: Premium Economics 3 Years 7,100 bbls/d 36,000 44.50/ bbls/d bbl 41.00/ 5,600 bbl bbls/d 28,000 bbls/d 2 years Oil Production Capital Intensity of Forecast Net Back Project Payout Per Plant Core…
  32. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 32
    Grizzly ARMS Development Model Grizzly plans to deploy its Advanced, Relocatable, Modular, Standardized (ARMS) Development Model Reduced cost Shop focused construction vs. field 50% smaller footprint vs. typical SAGD facility…
  33. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 33
    Grizzly Arms Development Model Requires 50% Smaller Footprint Traditional SAGD Development (10,000 bbls/d) Central Plant footprint of 16 to 33 ha* custom built for reservoir Electrical Buildings Glycol Cooler Glycol Building Tank…
  34. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 34
    Grizzly Algar Lake: Capital Spending Estimated Cost (mm) Phase 1 Phase 2 Total Engineering & Equipment 53 50 103 Fabrication & Construction 81 54 135 SAGD Drilling & Completions 36 34 70 Commissioning & Offsites 28 12 40…
  35. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 35
    Grizzly Oil Sands: Recent Transaction Comps Transaction 2P + BE Announcement Transaction Value Value 2P Reserves Contingent Acquiror Seller Target Date US mm Net Acres US /acre mmbbls mmbbls / 2P + BEC Teck SilverBirch 50% of…
  36. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 36
    Appendix 38
  37. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 37
    Gulfport Hedged Production Gulfport Energy Corporation Gulfport Energy Corporation WTI Fixed Price Swaps Brent Fixed Price Swaps 2012E 2013E Month Weighted Average Daily Price Barrels Per Day Month Weighted Average Daily Price…
  38. FEBRUARY 2012 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 38
    Gulfport Energy Headquarters Paul Heerwagen 14313 North May Avenue, Suite 100 Director Investor Relations Oklahoma City, OK 73134 (405) 242-4888 www.gulfportenergy.com pheerwagengulfportenergy.com

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