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MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp.

Gulfport Energy Corp. · May 20, 2014 · 40 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. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 1
    Investor Presentation May 2014
  2. MAY 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. MAY 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. MAY 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 179,000 net acres under lease today Acreage in one of the most promising up-and-coming plays in North America Actively drilling…
  5. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 5
    First Quarter 2014 Highlights Highlights First Quarter 2014 Production Growth Consistent production growth Total company production grew 63% during the first quarter of 2014 over the fourth quarter of 2013 Utica Shale production…
  6. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 6
    Large Captured Liquids Resource Base Large exploitable liquids-rich resource base of 933 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. MAY 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. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 8
    Asset Overview 10
  9. MAY 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. MAY 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) 180,000 gross (179,000 net) acres (2) Focused within the wet gas/retrograde condensate and mature dry gas windows…
  11. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 11
    Utica Shale Activity Map Gulfport Energy Gulfport Energy Chesapeake Chesapeake Chesapeake Gulfport Energy Gulfport Energy BK Stephens 16H Pad Stuart Henderson 1H Buell 8H Gulfport Energy Lyon 27H Pad Ryser 25H Pad Henderson South 5H…
  12. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 12
    Utica Shale Average Drilling Days vs Total Depth 17,857 Overview 45 18,000 16,140 During 1Q2014, Gulfport made 15,791 40 16,000 excellent improvement at the drill bit 35 14,000 Reducing drilling cycle time Average Total…
  13. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 13
    Utica Shale Wet Gas Type Curve Logarithmic Type Curves (1)(2) Classifications 1 2001 4001 Wet Gas 6001Avg. Log. 30 Year Daily 8001 10001 1 201 Wet 401Avg. Log. Gas 2 Year Daily 601 Total EUR (MMBoe) (1) 3.1 3.9 10,000 10,000…
  14. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 14
    Utica Shale Condensate Type Curve Logarithmic Type Curves (1)(2) Classifications 1 2001 4001 Condensate 30 Year6001 Daily Avg.8001 Log. 10001 1 201 Condensate 2 Year 401 Daily Avg. Log. 601 Total EUR (MMBoe) (1) 1.0 1.5 10,000…
  15. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 15
    Utica Shale Original & Optimized Condensate Wells Condensate Wells Logarithmic Type Curves (1)(2) Condensate Wells Cumulative Type Curves (1)(2) 1 101 201 301 401 501 601 701 1 101 201 301 401 501 601 701 10,000 10,0 00.00…
  16. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 16
    Utica Shale Midstream Utica Condensate JV Stabilization Facility 23,000 Bbl/d 3Q14 Venango Trumbull Mercer Hopedale Fractionator C3+ Fractionation - 60,000 Bbl/d Complete Clarion Portage Medina Summit Mahoning Lawrence Ohio…
  17. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 17
    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…
  18. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 18
    Utica Shale - Firm Transport and Sales Firm Residue Takeaway Chicago/Michcon Remainder 2014 700,000 Firm Sale-NE Mkts Firm Sale-Basin Firm Sale-NE Mkts 600,000 Chicago/Michcon Chicago/Michcon Gulf Coast Gulf Coast…
  19. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 19
    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…
  20. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 20
    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…
  21. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 21
    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…
  22. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 22
    Algar Lake: Construction Update Well Pad Evaporator Tower & Construction Office / Phase 2 Site Central Processing Facility Tank Farm 24 Note: Gulfport Energy Corporation owns 24.9% of Grizzly Oil Sands ULC
  23. MAY 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. MAY 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 3.4 million shares of common stock in Diamondback Energy, Inc. (NASDAQ: FANG) Diamondback Energy Summary (1)…
  25. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 25
    Appendix A Utica Shale 27
  26. MAY 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. MAY 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. MAY 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. MAY 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. MAY 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. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 31
    Appendix B 33
  32. MAY 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. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 33
    Hedged Production Natural Gas: 2Q14 3Q14 4Q14 2014 2015 2016 Natural Gas Fixed Price Swaps (NYMEX) Volume (Mcf) 11,830,000 14,260,000 14,260,000 48,560,000 54,750,000 9,380,000 Weighted Average Price (/Mcf) 4.05 4.07 4.07 4.06…
  34. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 34
    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…
  35. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 35
    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…
  36. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 36
    Appendix C Grizzly Oil Sands 38
  37. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 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…
  38. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 38
    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…
  39. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 39
    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…
  40. MAY 2014 INVESTOR PRESENTATION – Gulfport Energy Corp. – slide 40
    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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