Exploring the Gulf of Mexico September 22nd 2014 www.GulfSlope.com Ticker: GSPE
Snapshot Company Profile Trading Profile Name GulfSlope Energy Ticker GSPE Established 2013 Market Cap Range 150-200 MM Focus Area Offshore Gulf of Mexico Avg. Daily Trading Volume 500,000 Target Shelf Miocene Insider Ownership 40%…
Company Highlights Significant Oil 2 billion boe of prospective resources Industry leading returns due to lower finding and Exposure development costs and faster time to first production Renewed interest in play by industry…
Strategy Commence Drilling in 2015 - High impact exploration - Focus on high return oil projects in shallower water - Diversify risk through partnering: in progress Grow and Optimize Exploration Portfolio - 21 Blocks with 17…
Initial Drilling Program GulfSlope has high-graded 5 prospects for initial drilling operations On track to commence drilling in 2015 Unrisked Resource Potential Prospect D&M Report (Mmboe) Currently in partner discussions on all 5…
3rd Party Resource Report 2 Billion barrels of prospective resources 300 DeGolyer and MacNaughton reviewed GulfSlopes 17 individual prospects: In-line with previous internal 200 company estimates Mean Prospect Size Consistent…
Our Opportunity: Shelf Miocene 1990s Today Large existing fields: 30 - 248 MMboe Many large prospects still remaining All fields produced oil or condensate Middle and Lower Miocene largely untested Average three years from discovery…
Exploring a Proven Petroleum System 420+ MMboe discovered in the 1990s in the Shelf Miocene sub-salt play 50% Exploration discovery rate by industry leader in the 1990s: 5 of 10 wells successful Conger 248 MMBoe Discovered - 1998…
Shelf Miocene Geology GulfSlope is focused on a proven area of the Miocene where significant fields have been discovered Ultra-Deep Deepwater Miocene & Gas Shelf Miocene Lower Tertiary North Mahogany North Mahogany North North…
Shelf Miocene Thickness The Miocene is known for thick pay in the deepwater and on the shelf UM UM UM Shelf Miocene Producing Fields MM MM UM MM LM LM LM Deepwater Miocene Producing Fields LM UM Upper Miocene MM…
Technology has Reduced Entry Costs Large E&P companies no longer have singular access to the most advanced seismic processing technologies Technology Evolution Computing Imaging Seismic Processing Cost Capability Advanced algorithms…
Seismic Processing Improvements Why this opportunity still exists today Legacy: WEM Processing Modern: RTM Reprocessed Additional salt body appears Unclear interpretation of geology below salt Previous generations of…
Team In Place to Maximize Execution Comprised of seasoned industry professionals with unparalleled management and technical expertise John Seitz Ron Bain, PhD John Malanga Brady Rodgers Chairman and CEO President and COO VP, Chief…
Why We Like the Shelf: Proven Economics What do previous Shelf Miocene fields look like at todays costs and commodity prices 60 Conger Production Conger Field Hickory Field 45 Gas EUR 243 MMboe 47 MMboe Boed/d 30 Oil Commodity…
Why We Like the Shelf: Lower Costs GulfSlopes unit costs on the shelf are lower at all stages of exploration and development All figures per unit: /boe Deepwater Costs 60% 15 Current Developments 4% 19% GulfSlope Shelf Cost…
Timeline GSPE continues to execute its strategy and has a well-defined plan going forward Milestones Achieved Future Plans 4Q14- Acquire 2.2 MM acres of 3D seismic data Finalize Drilling Partnerships 1Q15 4Q14- Re-process 1…
The GulfSlope Opportunity Pure Gulf of Mexico oil exploration exposure On track to drill in 2015 Portfolio of 17 high impact drilling prospects 2 Billion boe* of resources identified Targeting overlooked Shelf Miocene play with…
Thank you Exploring the Gulf of Mexico Special thanks to IPAA www.GulfSlope.com Contact Investor Relations: Ticker: GSPE Brady Rodgers 281.918.4110 brady.rodgersgulfslope.com 19
Appendix 20
Evolution of the Shelf Miocene Play The play was 1st produced 1990s but older technology left behind a lot of potential Oil below salt Shift to Deepwater discovered by GulfSlope Captures Leading accident Seismic advances lead to…
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