Gulfport Energy Corporation Investor Presentation August, 6 2009
Gulfport Today Company Overview Map of Operations Ticker: Canadian Oil Sands Acreage: 127,941 Net Acres Bakken Shale Acreage: 6,740 Net Acres Market Cap: 313 MM Thailand Acreage: 4,000,000 Gross Acres Reserves: 3.5 Net Bcf…
Financial & Operational Update z Demonstrated strong financial performance EBITDA Per Share in 2Q09 3.50 R C AG 3.19 12.7 million of operating cash flow1 3.00 4-Y ea r 20 08 % - 58 05 2.50 20 13.0 million of EBITDA1 1.90…
Cost Environment SL340 989 SL340 981 (June 2009) (October 2008) % Decrease Mobilization/Demobilization 10,000 per job 35,000 per job -71% Drilling Costs-Daywork 19,000 per day 34,000 per day -44% Marine Services, Tugs 3,300 per day…
Historical & Forecasted Production GR 4,820 CA 4,932 ea r 8 4,485 5- Y 200 4,384 4 23% 200 BOED 2,693 1,724 1,679 2004 2005 2006 2007 2008 2009E 1.6 MMBOE based on guidance range of 1.6 to 1.8 MMBOE 5 1.8 MMBOE…
Southern Louisiana West Cote Blanche Bay 53% of proved reserves 72% of production Large salt dome Overlies one of the largest structures discovered salt dome structures on the by the majors decades Gulf Coast ago, 307 MMBOE…
West Cote Blanche Bay Located approximately five miles off the coast of Louisiana in a shallow water bay with water depths averaging eight to ten feet Discovery well drilled in 1940 based on a seismic and gravitational anomaly 3-D…
West Cote Blanche Bay 2009 Identified Activity Levels Plan to drill approximately 8 to 10 wells at West Cote during 2009 Inventory Proved reserves of 13.40 MMBOE 81 identified proved drilling locations 100% third party…
West Cote Blanche Bay z Whats New Began 2009 drilling program on June 5th z Have drilled and set pipe on three wells as of August 6th, 2009 Performed a total of 12 recompletions during the second quarter Recently purchased…
Hackberry Located along the western shore of Lake Calcasieu, 15 miles inland from the waters of the Gulf of Mexico Discovered in 1926 by Gulf Oil Co. and developed using 2-D seismic Our leases at West Hackberry are located within…
Hackberry 2009 Identified Activity Levels Plan to drill approximately 4 wells at Hackberry during 2009 Inventory Proved reserves of 2.86 MMBOE 13 preliminarily permitted drilling locations Proprietary 42 square mile 3-D…
Hackberry Whats New Began 2009 drilling program at Hackberry on July 19 Entered into a two year joint exploration agreement covering approximately 3,058 net acres adjacent to Gulfports East Hackberry field Gulfport is the…
Permian Basin Gulfports exposure to the Permian began in December 2007 with the acquisition of Permian Basin 4,100 net acres (50% interest 33% of proved reserves in 8,200 gross acres) 15% of production The deal included 32 gross…
Permian Basin Located in West Texas, the Permian Basin is considered to be one of the major producing basins in the United States Target productive zones in the long- established Wolfcamp play, also picking up zones in the…
Permian Basin 2009 Identified Activity Levels Gulfport plans to drill approximately 2 gross wells in the Permian during 2009 Includes1 well on new acreage Inventory Proved reserves of 8.40 MMBOE 100% third party engineered 147…
Permian Basin Generic Wolfberry Well Economics Reserves Net Reserves 90,000 - 110,000 BOE Oil 64% Gas & NGLs 36% Drill & Complete Cost 1.2 MM WTI / NYMEX Gas Ratio 15-to-1 After Drill PV-10 Value Sensitivities Internal Rate…
Permian Basin z Whats New Acquired an additional 2,127 net acres located to the north of Gulfports existing acreage and to the west of the town of Midland z Currently shooting seismic on newly acquired acreage z Plan to drill an…
Bakken Shale Located in Montana, North Dakota, South Bakken Shale Dakota and Saskatchewan, the Bakken 6,740 net acres formation covers over 200,000 square miles of Future wells will target an the subsurface of the Williston Basin…
Canadian Oil Sands Canadian Oil Sands 127,941 acres net to Gulfport Long-Term Oil Play The Canadian Oil Sands rivals Saudi Arabia as the largest oil play in the world with 315 billion barrels of estimated recoverable…
Canadian Oil Sands z Algar Lake Project Grizzly is developing a section of acreage known as Algar Lake employing a method of in-situ extraction called Steam Assisted Gravity Drainage (SAGD) to produce the leasehold Production &…
Canadian Oil Sands Pre-Tax Net Present Value Sensitivities Generic SAGD Facility Economics 350 286 Assumptions 300 Pre-Tax Net Present Value (CMM) 15-to-1 250 WTI / NYMEX Gas Ratio 90% 209 AECO Gas as % of Henry Hub 70%…
Canadian Oil Sands z Contracted third party engineers McDaniel & Associates Will conduct a resource assessment and economic evaluation of Algar Lake z Grizzly currently expects to submit regulatory application its pilot SAGD project…
Thailand z Through an indirect equity investment in APICO, Gulfport has gained exposure to a natural gas play in northeast Thailand Third party engineers Gaffney Cline credit wells producing in the Phu Horm gas field with…
Key Investment Considerations z Gulfport has a diverse portfolio of oil-weighted assets In Southern Louisiana and the Permian we are active in two of Americas most prolific oil producing basins OIL 15-year leases in the Canadian…
Appendix 25
Hedged Production Gulfport Energy Corporation Gulfport Energy Corporation Fixed Price Contracts Fixed Price Contracts 2009 2010 Weighted Average Barrels Per Weighted Average Barrels Per Month Month Daily Price Day Daily Price Day…
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