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Q2 2015 Results – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Aug 5, 2015 · 23 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. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 1
    August 2015 1 GRAN TIERRA ENERGY INC.
  2. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 2
    Investment Highlights Newly appointed management team with significant experience and proven track record 1 Team with operational and technical experience across North America, Latin America, Asia, Europe, Middle East and Africa Team…
  3. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 3
    Company Overview Market Statistics Symbol (NYSE MKT, TSX) GTE Share Price (at close August 3, 2015) US2.09 Basic & Diluted Shares Outstanding1 286 MM Market Capitalization5 US598 MM Working Capital 6 US200 MM Enterprise Value5…
  4. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 4
    Net Asset Value1 7.0 2,000 200 1,699 6.0 99 0.69 5.94 1,600 127 0.35 5.0 589 0.45 US/share 1,200 4.0 USmm 2.06 3.0 Share Price: 2.09 800 684 Market Cap: 598MM 2.0 400 2.39 1.0 - - Costayaco Moqueta…
  5. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 5
    Immediate Plans Focus on Core Assets Colombian Exploration Colombian Growth Grow existing production in High grade Colombian Opportunities COLOMBIA Costayaco and Moqueta through exploration portfolio Continue evaluation on EOR…
  6. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 6
    Revised Increased Capital Program During Q2, the Company increased its 2015 capital program, with a focus on accelerating development drilling at the Companys core producing assets in the Putumayo basin in Colombia, specifically the…
  7. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 7
    Revised Forecast Comparison (MM): Previous Capital Incurred during Revised Forecast % Change program 1st half of 2015 June 25, 2015 Total Capital Program 140* 92 185 +32 Colombia 60 31 115 +92 Peru 55 45 49 -11 Brazil 24…
  8. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 8
    Funds flow from operations Based on Gran Tierra's forecasted gross WI 2015 exit production rate of 25,000 to 26,000 BOEPD, the company expects funds flow from operations to be approximately: 2015 2016 (MM) Brent Funds Flow Funds…
  9. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 9
    Colombia LEADING OPERATOR IN AN ATTRACTIVE E&P ENVIRONMENT Supportive Economic Strong economic environment with a pro-western government that ensures contract stability Environment Well educated and high-quality national…
  10. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 10
    Putumayo Basin CORE POSITION 9 BLOCKS1 563,829 GROSS ACRES1 459,884 NET ACRES1 Under-explored basin Dominant land position in foothills trend with a prolific hydrocarbon system Recently acquired new Blocks; Put-31 and farm-in…
  11. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 11
    Costayaco Field CORE ASSET Technical Excellence in Reservoir Management Costayaco Light and Medium Oil Reserves (Gross WI): Track record of reserves growth, with improved MMBO MMBO recovery RESERVES CATEGORY (SEC) (COGEH) Expect…
  12. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 12
    Moqueta Field 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 M1…
  13. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 13
    Growth in Colombia Growth through exploration, development and capturing of acquisition and partnering opportunities Multiple opportunities are currently under evaluation that offer potential for reserves and production growth…
  14. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 14
    Portfolio of Opportunity CAPTURED PROJECTS IN PERU AND BRAZIL COLOMBIA Management evaluating strategic options for value maximization 18 Leads and Prospects BRAZIL Bring in industry/financial partners to fund 9 Leads Farm-Out…
  15. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 15
    Commitments Summary - Peru FULLFILLING THE COMMITMENTS OR PAYING THE PENALTY OPTIONS ON THE EXISTING BLOCK Block Work Commitment Exit Penalty Block 95 Work Commitment fulfilled 0.0 Currently in force majeure and could exit at…
  16. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 16
    Block 95 Bretaa Norte 95-2-1XD Block 95 Proposed 99 foot gross (53 foot net) oil column Retention Area 3,095 bopd natural flow (18.5API) from horizontal side-track Additional exploration potential in Envidia Lobe Bretaa 1X…
  17. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 17
    Peruvian Exploration Blocks Block 123 and 129 Block 107 and 133 Immediately up-dip and along strike from prolific Maraon Basin New 2D seismic acquired, five new prospects and leads identified on producing fields Block 107 New 2D…
  18. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 18
    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 December 31, 2014) Expect to…
  19. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 19
    Mexico UNIQUE OPPORTUNITY TO ACCESS DEVELOPMENT, EOR & LOW RISK EXPLORATION In 2014, Mexico opened up its upstream US Saudi Arabia 11.6 14.0 industry to international investment Russia 10.9 2014 Production (mmbbl/d)…
  20. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 20
    Onshore Bid Round (Contd) Summary table for onshore oil & gas (Third phase of Round 1) Location Number of Area Targeted Original oil in Accumulated oil % of oil contractual (km2) hydrocarbon place OOIP and gas already areas (mmboe)…
  21. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 21
    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…
  22. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 22
    Corporate Social Responsibility contd A SHARED VALUE APPROACH Responsible for delivering sustainable value to Principles for Corporate our stakeholders by integrating economic and Social Responsibility (CSR) social value and…
  23. Q2 2015 Results – Gran Tierra Energy, Inc. – slide 23
    Appendix Six Months Ended June 30 Funds Flow From Continuing Operations - Non-GAAP Measure (000s) 2015 2014 Net income (loss) (83,430) 54,266 Adjustments to reconcile net income (loss) to funds flow from continuing operations…

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