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AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp.

Gulfport Energy Corp. · Aug 10, 2014 · 41 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 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 1
    Investor Presentation August 2014
  2. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 2
    Gulfport Today Company Overview Primary Areas of Operation(1) Grizzly (4) Ticker: Acreage: 207,495 Net Acres Proved Reserves: 16.75 Net MMBbl Probable Reserves: 51.00 Net MMBbl Contingent Resource: 778.00 Net MMBbl Market Cap(2):…
  3. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 3
    Overview of Gulfport Gulfport Energy Corporation (GPOR) is an independent E&P company based in Oklahoma City, OK Company born from legacy assets in South Louisiana Free cash flow from legacy assets facilitated expansion into North…
  4. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 4
    Key Investment Highlights Most levered to the core of the Utica Shale of eastern Ohio with approximately 183,500 net acres under lease today Acreage in one of the most promising up-and-coming plays in North America Actively drilling…
  5. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 5
    Second Quarter 2014 Highlights Highlights Second Quarter 2014 Production Company production Total company production for the second quarter was 26,725 BOEPD 21.06 21.21 Subsequent to the second quarter, total company production…
  6. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 6
    Large Captured Liquids Resource Base Large exploitable liquids-rich resource base of 932 net MMBoe + significant upside (1) 778.00 (5) Proved pre-tax PV 10 = 697 million (2) MMBoe Utica Oil Sands Oil Sands Incremental value from…
  7. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 7
    Continued Growth in 2014 2014 is a transformational year for Gulfport Record production growth is forecasted as we develop the Utica Shale Focused on the harvest phase of Utica Shale Reserves will continue to be unlocked as we…
  8. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 8
    Asset Overview 10
  9. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 9
    Utica Shale Overview Point Pleasant Thickness (Isopatch Mapping) Point Pleasant TOC (Organic Carbon) Utica Shale Summary Erie Erie 1 1 1 2 Lake Ashtabula 1 Lake Ashtabula 2 Warren 2 Warren 2 50…
  10. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 10
    Utica Shale Overview Asset Overview Net proved reserves of 32.35 MMBoe (1) Net probable reserves of 36.46 MMBoe (1) 184,500 gross (183,500 net) acres (2) Focused within the wet gas/retrograde condensate and mature dry gas windows…
  11. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 11
    Utica Shale Activity Map Gulfport Energy Gulfport Energy Puskarich Pad Chesapeake CONSOL / Hess Ripley Pad Buell 8H Athens A 1H-24 Acreage Overview Per Window (1) Gulfport Energy Gulfport has approximately 184,500 gross Hess…
  12. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 12
    Utica Shale Drilling Metric Improvements Overview Average Drilled Feet Per Day (By Phase Window) During the second quarter, 900 Gulfports drilling team 800 continued to build on their first 700 Average Feet Per Day 600…
  13. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 13
    Utica Shale Optimized Wet Gas Wells Pressure vs. Cumulative Production(1)(2) Wet Gas Wells Cumulative Type Curves (1)(2) 6,000 10,000 1 101 201 301 401 501 601 701 100 00 5,000 1,000 100 0 4,000 MBOE 100 100 PSI…
  14. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 14
    Utica Shale Optimized Condensate Wells Pressure vs. Cumulative Production(1)(2) Condensate Wells Cumulative Type Curves (1)(2) 3,500 10,000 1 101 201 301 401 501 601 701 10, 000 3,000 1,000 1,0 00 2,500 MBOE 100…
  15. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 15
    Utica Shale Midstream Infrastructure Hopedale Fractionator C3+ Fractionation I - 60,000 Bbl/d Operational C3+ Fractionation II - 60,000 Bbl/d 1Q15 Utica Condensate JV Stabilization Facility 23,000 Bbl/d 3Q14 Cadiz Complex…
  16. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 16
    Utica Shale Firm Transportation and Sales Outlets Midwest/Canadian Markets: Overview ANR Pipeline 190,000 Dth/day ANR Pipeline 60,000 Dth/day 2014 2015 2016 + Rover Pipeline 75,000 Dth/day Midwest Markets ANR Pipeline 190,000…
  17. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 17
    Utica Shale Transportation Portfolio Firm Transportation Costs per MMBtu Overview Early access to premium Midwest markets 1.00 0.63 First-mover is securing early transport at low costs out of 0.58 0.53 the basin per MMBtu…
  18. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 18
    Utica Shale Rice Energy Joint Development Agreement Highlights Acreage Map In October 2013, Gulfport and Rice Energy entered into a Joint Development Agreement covering four townships in the core of the Utica Shale in Belmont County…
  19. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 19
    Grizzly Oil Sands Gulfport has interest in a substantial position in the Canadian oil sands by way of a 24.9% interest in Grizzly Oil Sands ULC (Grizzly) Grizzly is effectively the last major private company in the oil sands without a…
  20. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 20
    Algar Lake: 12,000 bbls/day 100% W.I. in 56,960 contiguous acres of oil sands leases in the southern Athabasca region GLJ has assigned 114 mmbbls of 2P Reserves and 35 mmbbls of Contingent Resources (1) The Algar Lake development…
  21. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 21
    Algar Lake and Rail Transport Well Pad Evaporator Tower & Construction Office / Phase 2 Site Central Processing Facility Tank Farm 23 Note: Gulfport Energy Corporation owns 24.9% of Grizzly Oil Sands ULC
  22. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 22
    Grizzly Rail Transportation Strategy Windell Rail Terminal - Operational Windell Terminal Site Conklin, AB First crude oil shipped to the U.S. Gulf Coast in June, 2014 Located adjacent to our May River site, and in close proximity to…
  23. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 23
    Southern Louisiana Asset Overview (1) 2014 Planned Activities (3) Net proved reserves of 5.76 MMBoe Plan to drill 32 to 36 wells 29 gross PUD locations and hundreds of other CAPEX: 66 71 million potential un-booked locations Net…
  24. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 24
    Diamondback Energy Gulfport has interest in a position in the Permian Basin in West Texas by way of approximately 2.4 million shares of common stock in Diamondback Energy, Inc. (NASDAQ: FANG) Diamondback Energy Summary (1)…
  25. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 25
    Appendix A Utica Shale 27
  26. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 26
    Utica Shale Focused Ion Beam SEM Images Analysis of Ion-milled Scanned Electron Microscopy (SEM) images of the Point Pleasant formation indicate: Horizontal organic extrusion fractures may be indication of overpressure Significant…
  27. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 27
    Utica Shale Eagle Ford Analog Utica Shale Point Pleasant Interval Eagle Ford Porosity Associated with Organic Material Organic Material Lower Eagle Ford, wet gas window Porosity 11.5 % Kerogen 7.7 % Perm = 1034 nD High…
  28. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 28
    Utica Shale Eagle Ford Analog The Point Pleasant member of the Utica is similar to the The Point Pleasant member of the Utica delivers Eagle Ford excellent economics 50% calcite and 20% clay content (which is similar to the…
  29. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 29
    Utica Shale Condensate Processing Overview Cadiz Gas Hopedale Processing Plant Fractionation Facility Natural Gasoline Markets Y-grade Available for Logistics Blending Canadian Markets Cochin or Southern Lights C4-…
  30. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 30
    Utica Shale Condensate to Canadian Diluent Market Diluent demand in Western Canada is real (1) Alberta In 2011, Canadian producers imported 140,000 BPD of condensate diluent (95,000 BPD via pipeline and 55,000 BPD via rail)…
  31. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 31
    Appendix B 33
  32. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 32
    Vertical Integration Gulfport is focused on controlling costs and quality of third party services through vertical integration Ensuring availability of quality services by investing in and operating key service and supply companies…
  33. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 33
    Westhawk Minerals Overview Overview Westhawk Minerals LLC is a wholly owned subsidiary of Gulfport Energy Corporation Started operations in February of 2012 and has initially focused on purchasing mineral and royalty interests in…
  34. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 34
    Hedged Production Natural Gas: 3Q14 4Q14 2014 2015 2016 Natural Gas Fixed Price Swaps (NYMEX) Volume (Mcf) 14,260,000 14,260,000 48,560,000 54,750,000 9,380,000 Weighted Average Price (/Mcf) 4.07 4.07 4.06 4.08 4.02 Natural Gas…
  35. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 35
    Historical Cash Margins Year Ended December 31, ( in millions) 2008 2009 2010 2011 2012 2013 Statement of Operations Oil and Natural Gas Sales 141.7 85.6 128.0 229.0 248.6 262.2 EBITDA 136.0 55.8 89.7 172.7 191.4 388.4 Interest…
  36. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 36
    2013 Proved Reserve Summary Net Reserves as of December 31, 2013 Oil Gas Total PV-10 (MM) (MMBbls) (MMcf) (MMBoe) SEC (1) Proved Developed Producing 6.51 93.55 22.10 437 Proved Developed Non-Producing 2.63 1.00 2.80 111 Proved…
  37. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 37
    Appendix C Grizzly Oil Sands 39
  38. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 38
    May River 100,000 bbls/d (1) 50,000 acres of 100% working interest oil leases located in one of the most attractive areas of the Athabasca oil sands GLJ has assigned 157 mmbbls of 2P reserves and 662 mmbls of Contingent Resources…
  39. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 39
    Rail Transportation Strategy Potential Rail Transportation Routes Rail provides consistent and flexible access to U.S. Gulf Coast and other markets offering Brent pricing Rail diluent requirements are 50% lower than pipeline…
  40. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 40
    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 Public Sunshine Oilsands IPO Sunshine…
  41. AUGUST 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 41
    Gulfport Energy Headquarters Investor Relations 14313 North May Avenue, Suite 100 (405) 242-4888 Oklahoma City, OK 73134 Investor_relationsgulfportenergy.com www.gulfportenergy.com

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