Investor Presentation MAY 2015 1 GRAN TIERRA ENERGY INC.
Company Summary PRODUCTION FROM CONTINUING OPERATIONS: 24,015 BOEPD* before Portfolio to Fuel Growth COLOMBIA: inventory adjustments Reserves, production, cash flow platform and (Q1 2015 average) diverse inventory of exploration…
Value Creation Strategy Risk Managed Value Creation is Central to Gran Tierras Strategy Cost Optimization Financial Flexibility Achievements to date: Strong balance sheet, no debt Capital spend and program alignment Strong…
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Company Reserves Colombia Colombia And And Reserve change from 2013 to 2014 largely Brazil Brazil COMPANY due to the reclassification of Bretaa MMBOE MMBOE GROSS WI RESERVES AT DEC. 31, 2014 (SEC) (COGEH) Reserves in Peru to…
Land, Reserves and Resources by Country 31 BLOCKS: COLOMBIA, PERU AND BRAZIL* 9.9Million gross acres 50 * 40 (9.3 Million net acres) 30 20 10 Brazil MMBOE MMBOE GROSS WI RESERVES AT DEC. 31, 2014 (SEC) (COGEH) 0 2005…
Production BOEPD GROSS WI*** 35000 First Quarter 2015 30000 Production: 24,015 25000 BOEPD GROSS WI* 20000 21,800 to 15000 10000 22,300 BOEPD * 5000 0 2015 Production Guidance Gross WI (99% oil) 2005 2006 2007 2008…
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Portfolio of Opportunity When oil returns to a higher price, GTE to initiate multi-year drilling plan: 66 Leads and Colombia Prospects Planning continues to deliver a high potential program in Colombia Diverse inventory of high…
Core Growth in Colombia Growth Through Exploration, Development and Capture of Inorganic Growth Opportunities Multiple acquisition opportunities are currently under evaluation that offer significant potential for reserves and production…
Putumayo Basin Core Position 9 BLOCKS* 563,829 GROSS ACRES* 459,884 NET ACRES* Under-explored basin Dominant land position in foothills trend with a prolific hydrocarbon system Recently acquired new Blocks; Put-31 and farm-in…
Costayaco Field Core Asset Technical Excellence in Reservoir Management Costayaco Light and Medium Oil Reserves (Gross WI): Track record of reserves progression MMBO MMBO Reserves growth with improved recovery RESERVES CATEGORY…
Moqueta Oil Discovery GROWING THE PLATFORM New Reserves Near Term Growth Moqueta Light and Medium Oil Reserves (Gross WI): TOP RESERVOIR 3-D DEPTH MAP MMBO MMBO RESERVES CATEGORY (SEC) (COGEH) Proved 15.5 15.3 Probable 7.8 7.9…
Sinu-San Jacinto Basin Jaraguay Norte- 1 Discovery in 1981 New Exploration Concept in the Basin Prospectivity associated with structural closures at the flanks of mud diapirs Hydrocarbon generation in the depocenters rimmed by the…
Peru 5.7 Million gross acres Mid and Long-term Growth Opportunity Transformational exploration potential Significant step-change growth possibilities 16 GRAN TIERRA ENERGY INC.
Blocks 133 and 107 Block 107 and 133 New 2D seismic acquired, five new prospects and leads identified on Block 107 Osheki-1 exploration well expected to be drilled in 1H 2017 Pre-drill civil contracts possibly to commence in 2H…
Blocks 123 and 129 Block 123 and 129 Immediately up-dip and along strike from prolific Maraon Basin producing fields New 2D seismic acquired, prospects mapped Well permitting process to begin in June Potential drilling in 1H…
Brazil MODERN CONCEPTS & TECHNOLOGY IN A MATURE BASIN 100% WI in 7 Blocks 47,733 gross acres 2P Gross WI reserves in the Ti field increased 48% from year-end 2013 to 5.6 MMBOE (SEC compliant at Dec. 31, 2014) Expect to average…
Corporate Social Responsibility KEY TO SUCCESS CSR plan ongoing to deliver sustainable value to our stakeholders through responsible resource development. We are integrating economic, and social and environmentally beneficial…
Corporate Social Responsibility (contd.) A Shared Value Approach Responsible for delivering sustainable Principles for Corporate value to our stakeholders by integrating Social Responsibility (CSR): economic and social value and…
Capital Market Summary Symbol (NYSE MKT, TSX): GTE Basic & Diluted Shares Outstanding1: 286 Million Director and Officer Ownership2: 4.0% Director and Officer Ownership3: 3.0% Share Price (at close May 8, 2015): US3.73 Market…
2015 Capital Program and Financial Position 140.0 Million* includes 1mm in Corporate Activities 2015 CAPITAL PROGRAM 203.5 Million in Cash and Cash Equivalents** COLOMBIA: 60mm PERU: 55mm BRAZIL: 24mm 25.6 Million Funds…
200, 150 - 13th Avenue SW Calgary, Alberta, Canada T2R 0V2 26 GRAN TIERRA ENERGY INC.
Glossary of Terms bbl: Barrel BOE: Barrel of Oil Equivalent BOEPD Barrel of Oil Equivalent per Day bopd: Barrels of Oil per Day CAGR: Compounded Annual Growth LTT: Long-term Test MM: Million MMBO Million Barrels of Oil MMBOE:…
Appendix Three Months Ended March 31, Funds Flow From Continuing Operations - Non-GAAP Measure (000s) 2015 2014 Net income (loss) (44,866) 45,129 Adjustments to reconcile net income (loss) to funds flow from continuing operations…