Exploring the Gulf of Mexico August 20th 2014 EnerCom www.GulfSlope.com OTC QB: GSPE
Snapshot Company Prole Trading Prole Name GulfSlope Energy Ticker GSPE Established 2013 Market Cap 150 MM Focus Area Oshore Gulf of Mexico Daily Trading Volume 380,000 Target Shelf Miocene Insider Ownership 40% 3D Seismic…
Company Highlights Signicant Oil ExploraWon Exposure - 2+ billion Boe resources - AZracWve return prole given large target sizes and shallower water depth First Mover Advantage - Renewed interest in play by oil and gas…
Strategy Capitalize on Recent Advancements in Sub-Salt Seismic Imaging - Apply worldwide proven technologies to proven basins with remaining exploraWon potenWal - Extend prolic deepwater Miocene trend up to the shelf - Deploy…
Exploring a Proven Petroleum System 420 MMboe were discovered in the 1990s in the Shelf Miocene sub-salt play 50% ExploraAon success rate by industry leader in the 1990s (5 of 10 wells) Conger 248 MMBoe Discovered 1St Prod 1998…
3rd Party Resource Report 2 Billion boe Resource EsWmate* MMboe Unrisked Risked 300 Net Mean 2,005 508 DeGolyer & MacNaughton performed an independent appraisal of GulfSlopes 17 200 individual prospects: Million…
Why we like the shelf: High Value What do previous Shelf Miocene elds look like at todays costs and commodity prices Conger ProducQon 60 Conger Field Hickory Field EUR 243 MMboe 47 MMboe 45 Gas % Oil 61% Oil 28% Condensate…
Why we like the shelf Lower Costs GulfSlopes unit costs on the shelf are lower at all stages of exploraAon & development /boe Deepwater Costs 60% 15 Current Development Projects 19% GulfSlope Shelf 4% Cost ProjecQons…
Shelf Opportunity Shelf Miocene Fields Discovered in 1990s Modern Day ExploraQon PotenQal Large elds: 30 - 248 MMboe exisWng Many large elds sWll exist elds in Shelf Miocene play Signicant infrastructure for fast-track…
Technology has reduced entry costs Large E&P companies no longer have singular access to expensive advanced processing technologies Technology EvoluQon CompuQng Imaging Seismic Processing Cost Capability Advanced algorithms…
Seismic Processing Improvements Why this Opportunity SAll Exists Today Legacy: WEM Processing Modern: RTM Reprocessed AddiQonal salt body appears Unclear interpretaQon of geology below salt Previous generaWons of…
Timeline GSPE has executed its strategy and has a well-dened plan going forward Milestones Achieved Future Plans Farm-out prospects to mulQple 4Q14 Acquire 2.2 MM acres of 3D seismic data 1H15 + operaQng E&P partners 4Q14…
The GulfSlope Opportunity Pure Gulf of Mexico exploraWon exposure MulW-year drilling poraolio with 2 Billion boe of resources* Large prospects in shallower water generate industry leading returns TargeWng underexplored oil play…
Thank you Exploring the Gulf of Mexico Special thanks to EnerCom GulfSlope.com Contact Investor RelaQons: OTC QB: GSPE Brady Rodgers 281.918.4110 brady.rodgersgulfslope.com 15
Appendix 16
Evolution of the Shelf Miocene Play The play was 1st produced 1990s but older technology leR behind a lot of potenAal Oil below salt ShiR to Deepwater discovered by GulfSlope Captures Leading accident Seismic advances lead to…
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