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: 67.75 Net MMBbl Contingent Resource: 778 Net MMBbl Market Cap(2): 5.4…
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…
Key Investment Highlights Most levered to the core of the Utica Shale of eastern Ohio with approximately 165,430 net acres under lease today Acreage in one of the most promising up-and-coming plays in North America Actively drilling…
Fourth Quarter 2013 Highlights Highlights Fourth Quarter 2013 Production Growth Consistent production growth Total company production grew 152% during the fourth quarter over the fourth quarter of 2012 10.7 Utica Shale production…
Large Captured Liquids Resource Base Large exploitable liquids-rich resource base of 950 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…
Gulfport 2014 Guidance Year Ending 12/31/2014 2014E E&P CAPEX (in millions) Forecasted Production Utica - Boepd 44,500 54,500 S. Louisiana Grizzly 69.0 South Louisiana - Boepd 5,500 17.5 Average Daily Oil Equivalent Midpoint…
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…
Asset Overview 10
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…
Utica Shale Overview Asset Overview Net proved reserves of 32.35 MMBoe (1) Net probable reserves of 36.46 MMBoe (1) 167,700 gross (165,430 net) acres (2) Focused within the wet gas/retrograde condensate and mature dry gas windows…
Utica Shale Activity Map Chesapeake Chesapeake Chesapeake Henderson South 5H Gulfport Energy Stuart Henderson 1H Buell 8H BK Stephens 16H Pad Peak rate 1,628 Boepd 3,008 Boepd (47% Liquids) Gulfport Energy Peak rate 827 Boepd (62%…
Utica Shale Wet Gas Type Curve Logarithmic Type Curves Classifications 1 2001 4001 6001 8001 10001 1 201 401 601 Total EUR (MMBoe) (1) 3.1 3.9 Wet Gas 30 Year Daily Avg. Wet Gas 2 Year Daily Avg. 10,000 10,000 Total EUR (Bcfe) (1)…
Utica Shale Condensate Type Curve Logarithmic Type Curves Classifications 1 2001 Condensate 4001 30 Year 6001 8001 10001 1 201 401 601 Total EUR (MMBoe) (1) 1.0 1.5 Daily Avg. Condensate 2 Year Daily Avg. 10,000 10,000 Total EUR…
Utica Shale - Fully Integrated Midstream Platform Takeaway Options Abundant Takeaway and Processing Options Increasing Takeaway with Infrastructure Cadiz Processing Approximately 1 Bcf per day of gas expected to be moving west out of…
Utica Shale - Firm Transport and Sales Takeaway Options Michcon 600,000 Gulf 2 Midwest Gulf 1 Firm Sale 500,000 Firm Sale Firm Sale 400,000 Mcfpd 300,000 200,000 100,000 0 18 (1) As of 2/26/13
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…
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…
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 development area…
Algar Lake: Construction Update Well Pad Evaporator Tower & Construction Office / Phase 2 Site Central Processing Facility Tank Farm 22 Note: Gulfport Energy Corporation owns 24.9% of Grizzly Oil Sands ULC
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…
Diamondback Energy Gulfport has interest in a position in the Permian Basin in West Texas by way of a 6.7% interest in Diamondback Energy, Inc. (NASDAQ: FANG) Diamondback Energy Summary (1) Oil-focused operator in the Permian Basin…
Appendix A Utica Shale 25
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…
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…
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…
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-…
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)…
Appendix B 31
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…
Vertical Integration Control of Costs and Quantity Increased Prices through Control of Takeaway Stingray Energy Services (Utica) Windsor Midstream (Permian) Secures long term gas gathering and takeaway capacity in the Permian Basin…
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…
2012 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…
Appendix C Grizzly Oil Sands 37
May River 100,000 bbls/d (1) 46,720 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…
Rail Transportation Strategy Rail provides consistent and flexible access Potential Rail Transportation Routes to U.S. Gulf Coast and other markets offering Brent pricing Rail diluent requirements are 50% lower than pipeline…
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…
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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