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Investor Presntation – Gulfport Energy Corp.

Gulfport Energy Corp. · Feb 29, 2012 · 34 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. Investor Presntation – Gulfport Energy Corp. – slide 1
    Gulfport Energy Corporation Investor Presentation February 2012
  2. Investor Presntation – Gulfport Energy Corp. – slide 2
    Gulfport Today Company Overview Primary Areas of Operation Grizzly(3) Acreage: 178,081 Net Acres Ticker: 2P Reserves: 28.5 MMbo Contingent Resource: 493 MMBbl Market Cap(1): 1.8 Billion Utica Shale Acreage: 62,500 Net Acres…
  3. Investor Presntation – Gulfport Energy Corp. – slide 3
    Key Investment Highlights Oil-focused producer with multiple production growth catalysts enables continued NAV accretion 2011YTD production 90% crude oil; proved reserves 88% crude oil at 2010YE Permian, Utica, Oil Sands, and Niobrara…
  4. Investor Presntation – Gulfport Energy Corp. – slide 4
    2012 Gulfport Guidance Year Ending 12/31/2012 2012E CAPEX (in millions) Forecasted Production Oil Equivalent BOE 3,000,000 - 3,200,000 Total = 215 - 225 Million Average Daily Oil Equivalent Midpoint BOEPD 8,197 8,743 Projected…
  5. Investor Presntation – Gulfport Energy Corp. – slide 5
    Attractive Cash Margins High revenue per barrel of production due to liquids weighted production 90% - 95% crude oil with 85% enjoying attractive premium for Louisiana sweet crude Results in free cash flow that is being redeployed into…
  6. Investor Presntation – Gulfport Energy Corp. – slide 6
    Large Captured Oil Resource Base Large exploitable oil-rich resource base of 597 net MMBOE + significant upside 493 (1) Proved + probable pre-tax PV 10 = MMBOE Niobrara Utica Thailand Oil Sands 1.0 Billion at NYMEX strip(2) Oil…
  7. Investor Presntation – Gulfport Energy Corp. – slide 7
    Utica / Point Pleasant Shale Utica Shale Activity Map Chesapeake Chesapeake (6) East / Shell Por Murvay Thompson 3H Patterson Chesapeake Hosey Por 6H-X Drilling Chesapeake Geatches MAH 3H 6.4 MMcfpd 2013 1HU Spud Asset Overview…
  8. Investor Presntation – Gulfport Energy Corp. – slide 8
    Utica / Point Pleasant Shale The Point Pleasant member of the Utica is The Point Pleasant member of the Utica similar to the Eagle Ford delivers excellent economics Higher carbonate content and low clay content Gulfports position in…
  9. Investor Presntation – Gulfport Energy Corp. – slide 9
    Utica / Point Pleasant Shale Note: Sourced from W.D. Von Gonten Study 10
  10. Investor Presntation – Gulfport Energy Corp. – slide 10
    Grizzly Unique Oil Sands Position Gulfport has an interest in a substantial position in the Canadian oil sands which is a unique asset for a mid-cap independent E&P with first production forecasted for mid 2013 Gulfports interest…
  11. Investor Presntation – Gulfport Energy Corp. – slide 11
    Grizzly Overview Large land and resource base Over 700,000 net acres in Athabasca and Peace River regions (nearly all 100% working interest) 114 million bbls of probable reserves and approximately 2 billion bbls of best estimate…
  12. Investor Presntation – Gulfport Energy Corp. – slide 12
    Algar Lake 100% W.I. in 56,960 contiguous acres Regulatory approved for 11,300 bbls/d 65 cored delineation wells & 21 km2 3-D seismic 10 km northwest of the JACOS Hangingstone SAGD project ( 6,100 bbls/d); 15 km from the 35,000…
  13. Investor Presntation – Gulfport Energy Corp. – slide 13
    Algar Lake Timeline to Production ERCB Project Approval Plant Module Fabrication Road Construction Plant & Pad Site Civil Construction SAGD Well Pair Drilling/Completions In-Field Plant Assembly Commissioning Steam…
  14. Investor Presntation – Gulfport Energy Corp. – slide 14
    Grizzly May River Acquisition Grizzly Oil Sands ULC (Grizzly), a company in which Gulfport Energy Corporation (NASDAQ: CENOVUS / COP STATOIL PTTEP LEISMER GPOR) holds an approximate 25% interest, has KAI KOS DEHSEH (LEISMER)…
  15. Investor Presntation – Gulfport Energy Corp. – slide 15
    Grizzly May River - Regional Overview Regional Overview of May River Property Project Current and Planned Production Phase Bbl/day Status Cenovus/ConocoPhillips 1 A 8,000 Operating MEG Christina Lake B 10,000 Operating THORNBURY C…
  16. Investor Presntation – Gulfport Energy Corp. – slide 16
    Grizzly May River High Quality Resource MEG Statoil/PTTEP Kai Kos Dehseh THORNBURY 10,000 bbls/d Current Prod. 200,000 bbls/d Peak Prod. CENOVUS / COP NEXEN / OPTI STATOIL PTTEP LEISMER LEISMER KAI KOS DEHSEH (LEISMER) Nexen/OPTI…
  17. Investor Presntation – Gulfport Energy Corp. – slide 17
    Grizzly May River Ideally Situated Near Infrastructure The May River property is in close proximity to Infrastructure Surrounding May River Property existing key infrastructure The May River lease is located 130 km southeast of the…
  18. Investor Presntation – Gulfport Energy Corp. – slide 18
    Grizzly May River Premium Economics 3 Years 7,100 bbls/d 36,000 44.50/ bbls/d bbl 41.00/ 5,600 bbl bbls/d 28,000 bbls/d 2 years Oil Production Capital Intensity of Forecast Net Back Project Payout Per Plant Core…
  19. Investor Presntation – Gulfport Energy Corp. – slide 19
    Permian Asset Overview (1) 15,300 net acres; primarily targeting Wolfberry play Net proved reserves of 14.45 MMBoe (65% of total) 226 gross PUD locations Net probable reserves of 9.51 MMBoe 234 gross probable locations Potentially…
  20. Investor Presntation – Gulfport Energy Corp. – slide 20
    Hackberry Asset Overview (1) 2011 Activities Update (2) Net proved reserves of 3.00 MMBoe Spudded eighteen wells 18 PUD locations, 13 preliminarily permitted un- Two wells are currently drilling booked locations and growing inventory…
  21. Investor Presntation – Gulfport Energy Corp. – slide 21
    West Cote Blanche Bay Asset Overview (1) 2011 Activities Update (2) Net proved reserves of 4.52 MMBoe Spudded seventeen wells Net probable reserves of 11.23 MMBoe Currently running one rig full-time at WCBB 29 booked PUD locations,…
  22. Investor Presntation – Gulfport Energy Corp. – slide 22
    Niobrara Asset Overview Upside 17,600 net acres Utilizing application of 3-D seismic to aid in Gulfport continues to pursue acreage well positioning acquisition opportunities Application of modern hydraulic fracturing 3 producing…
  23. Investor Presntation – Gulfport Energy Corp. – slide 23
    Thailand Gulfport owns interests in four onshore concession blocks in Thailand Sin Phu Horm gas field in block 15/43 produced 85.91 MMcf per day of natural gas and 392.22 barrels per day of condensate in 3Q11 Gulfport owns 0.7%…
  24. Investor Presntation – Gulfport Energy Corp. – slide 24
    Key Investment Highlights Oil-focused producer with multiple production growth catalysts enables continued NAV accretion Sizeable acreage position in Utica Shale of eastern Ohio with approximately 125,000 gross (62,500 net) acres…
  25. Investor Presntation – Gulfport Energy Corp. – slide 25
    Appendix 26
  26. Investor Presntation – Gulfport Energy Corp. – slide 26
    Hedged Production Gulfport Energy Corporation Brent Fixed Price Swaps 2012E Month Weighted Average Daily Price Barrels Per Day Jan-12 108.00 2,000 Feb-12 108.00 2,000 Mar-12 108.00 2,000 Apr-12 108.00 2,000 May-12 108.00 2,000…
  27. Investor Presntation – Gulfport Energy Corp. – slide 27
    Niobrara Development Plan Craig Dome Prospect 8,630 Gross / 4,315 Net Acres 31 32 33 Cum:34322 MBO 35 & 21536 MMCFG31 32 33 34 35 Legend 36 Craig Dome Prospect will be the site 31 36 Niobrara Shale 2011 Drilled Wells of…
  28. Investor Presntation – Gulfport Energy Corp. – slide 28
    Niobrara Play Concept 17,600 net acres focused near a number of structures on the uplift between the Piceance and Sandwash basins 75 to 150 MMBOE (1) of gross original oil in place per section Significant oil in place in an…
  29. Investor Presntation – Gulfport Energy Corp. – slide 29
    Thailand TEW-E Well Shot 250 square mile 3-D TEW-E seismic survey in 2009 to unlock the geology behind TEW-E TEW-E was drilled to a total depth of 15,026 feet and logged over 5,000 feet of apparent possible gas saturated column…
  30. Investor Presntation – Gulfport Energy Corp. – slide 30
    Grizzly Reserve & Resource Summary Reserves / Resources (MMbbl) Probable Probable + Possible Best Estimate Contingent Resources Existing Technology Immediate Development Algar Lake 114 154 35 Near Term Development Thickwood…
  31. Investor Presntation – Gulfport Energy Corp. – slide 31
    Grizzly Reserve & Resource Summary Current Project Development Schedule (1) (3) 200,000+ Near-term Development 10,000+ 60,000+ 10,000+ Immediate 4,000+ (2) Development 15,000+ 10,000+ 5,000+ 5,000+ 2013 2014 2015…
  32. Investor Presntation – Gulfport Energy Corp. – slide 32
    Grizzly ARMS Development Model Grizzly plans to deploy its Advanced, Relocatable, Modular, Standardized (ARMS) Development Model Reduced cost Shop focused construction vs. field 50% smaller footprint vs. typical SAGD facility…
  33. Investor Presntation – Gulfport Energy Corp. – slide 33
    ARMS Development Model Requires 50% Smaller Footprint Traditional SAGD Development (10,000 bbls/d) Central Plant footprint of 16 to 33 ha* custom built for reservoir Electrical Buildings Glycol Cooler Glycol Building Tank Building…
  34. Investor Presntation – Gulfport Energy Corp. – slide 34
    Oil Sands Recent Transaction Comps Transaction Transaction 2P 2P + BE Announcement Value Net Value Reserves Contingent / 2P + Acquiror Seller Target Date US mm Acres US /acre mmbbls mmbbls BEC Teck SilverBirch 50% of Frontier and…

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