Turning 3.0 Million into 40.6 Million barrels of oil equivalent * and Growing *Net after royalty Proved reserves, 2006 versus 2012 GLJ - December 31, 2012 SEC compliant 95% oil and liquids, gas converted at 6:1 3
Land 50 46 Blocks Colombia, Peru, Argentina, Brazil 40 Exploration Blocks 30 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012 12.3 million gross acres (11.0 million net acres) 4
Year-End Reserves 40 2P (Proved & Probable): 56.2 MMBOE NAR (95% oil and liquids) Million barrels of oil equivalent (1P) 3P (Proved, Probable & Possible): 86.3 MMBOE NAR (87% oil and liquids) 30 1P RLI*: 6.4 years 2P RLI: 8.9…
Our Competency: Growing Production through Development 7
2013 Delineation & Development Drilling 2013 Basin Block Well Type 1H 2H Putumayo Chaza Moqueta-9,10,11 Delineation Colombia Putumayo Chaza Moqueta-12 Development Putumayo Chaza Costayaco-18 Development Colombia Argentina Neuquen…
Our Vision: Growing reserves through Exploration 9
2013 Exploration Drilling Program Basin Block Well Type 1H 2013 2H Colombia x2 Colombia Putumayo Guayuyaco Miraflor W. Exploration x1 Llanos LLA-22 Mayalito Exploration Block 155 1-GTE-7 Exploration Brazil Recncavo Block 155…
Growing with Colombia Sinu-San Jacinto Basin Bid Round 2012: SSJ-1 and SSJ-3 New exploration concept with new Venezuela technology in a proven petroleum system Sinu-San Cauca Basin Frontier exploration Jacinto Basin Llanos…
Putumayo Basin Core Position Under-explored basin Dominant land position in foothills trend Chaza Mean field size 10 MMBO Versus 2-3 MMBO typical size in Colombia 9 Blocks 611,000 Gross Acres 492,000 Net Acres 197 km 2D…
Costayaco Field Core Asset Colombia Bogot Reserves and Production Platform Putumayo Basin Reserves growth - Gross before royalty & production Improving Recovery Growing Reserves Costayaco Light and Medium Oil Reserves (SEC…
Moqueta Oil Discovery Growing the Platform Moqueta-1 to -11 drilled Top Reservoir Time Depth Map Near-term growth focus Light and Medium Oil Reserves at YE 2012 (SEC Compliant, company interest): 8.7 MMBO 1P gross 9 14.9 MMBO 2P…
Llanos Basin Expanding Position Garibay Block GTE 50% WI Llanos-22 Block GTE 45% WI Andes Mountains 161,000 Gross Acres 76,000 Net Acres 80 km2 3D Seismic Exploration 1 well Llanos Basin Ramiriqui-1 oil discovery well tested…
Elephant hunting in Peru Putumayo Basin Colombia Ecuador Iquitos Arch Maraon Exploration and Basin Delineation Pipeline Andes Mountains 6.4 million gross acres Brazil Peru Ucayali Basin 16
Maraon Basin Delineation and Exploration Peru Blocks 123 & 129 Immediately up-dip from prolific Maraon producing fields New 2D seismic acquired Multiple leads identified, being evaluated for future drilling opportunities Block…
Maraon Basin Exploration Success Peru Bretaa Norte 95-2-1XD North Bretaa-1 99 foot gross oil column 807 BOPD 53 foot net oil column 1,984 BOPD natural flow 18.5o API Oil-water Bretaa Norte-1 contact 1,984 BOPD Planning Long…
Blocks 133 and 107 The Elephant Hunt Continues Peru Block 107 Drilling planned for 2015 Early entry advantage Large surface anticlines with oil and gas seeps 389 km infill 2D seismic planned for 2013 On trend with proven…
Brazil - Entry Established and Growing Prolific petroleum systems Foz do Amazonas Basin Favorable fiscal, regulatory and Para-Maranhoa Basin Barreirinhas Basin Piaui-Ceara Basin operating environment Amazonas Basin Potiguar…
Recncavo Basin - A Resource Rich Basin Recncavo Basin Produced over 1.5 billion BO 100% WI in 7 blocks 47,734 gross acres 5.0 MMBO NAR 3P reserves in the Ti field at year-end 2012 REC-T-129 Recncavo Approximately 700 BOPD gross…
Argentina - Energy Market in Transition Leveraging rising oil prices - 72/bbl Bolivia Paraguay Noroeste Basin Santa Victoria Gas potential Valle Morado gas field development Palmar Largo (Balbuena Este) El Chivil Evaluating…
Corporate Social Responsibility Key to success CSR plan committed to conduct business in a socially, ethically and environmentally responsible manner Areas of activity include: Health Vaccination/Immunization programs Health…
2013 Capital Program and Working Capital 454 Million 282 Cash *Includes 2mm in corporate activities and Cash Equivalents* Million 2013 Capital Program Colombia 216mm Brazil 94mm Peru 109mm 238 Working Argentina 33mm Million…
Investment Highlights Land 12.3 MM acres gross Reserves 40.6 MMBOE Proved* Production 22,131 BOEPD NAR after inventory adjustments(Q2 2013 average) Exploration and Development 16 new wells (2013) Colombia Peru Brazil Argentina…
Company summary Symbol (NYSE Amex, TSX): GTE Headquarters: Calgary, Canada Year End: December 31 Basic Shares Outstanding1: 283 million Diluted Shares Outstanding2: 285 million of Employees: 489 Director & Officer…
300, 625 11th Avenue SW Calgary, Alberta T2R 0E1 27
Appendix (1) Funds flow from operations is a non-GAAP measure which does not have any standardized meaning prescribed under generally accepted accounting principles in the United States of America (GAAP). Management uses this…
Appendix continued NI 51-101 and COGE Handbook compliant gross lease resource estimates prepared by GLJ Petroleum Consultants, effective June 1, 2012. There is no certainty that it will be commercially viable to produce any portion of…