Skip to main content September 2015 Investor Presentation – Gran Tierra Energy, Inc. | Shale Experts
Loading...
Pm

September 2015 Investor Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Sep 3, 2015 · 41 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. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 1
    corporate presentation SEPTEMBER 2015 1
  2. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 2
    Contents 1. GRAN TIERRA OVERVIEW 2. COLOMBIA: CORE ASSET BASE 3. PERU & BRAZIL 4. MEXICO: LONG TERM STRATEGIC OPTION 5. CORPORATE SOCIAL RESPONSIBILITY 1
  3. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 3
    2 section 1 Gran Tierra Overview
  4. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 4
    INVESTMENT HIGHLIGHTS 1 MANAGEMENT TEAM WITH SIGNIFICANT EXPERIENCE AND PROVEN TRACK RECORD Team with operational and technical experience across North America, Latin America, Asia, Europe, Middle East and Africa Team was previously…
  5. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 5
    COMPANY OVERVIEW 4 Market Statistics Symbol (NYSE MKT, TSX) GTE Share Price (at close September 4, 2015) US2.40 Basic & Diluted Shares Outstanding 1 286 MM Market Capitalization5 US686 MM Working Capital 6 US200 MM Enterprise Value 5…
  6. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 6
    MANAGEMENT EXPERIENCE High quality, proven technical team with experience in difficult reservoirs and remote locations. Global Expertise Relevant oil & gas experience in 24 regions worldwide. Countries where the management team has…
  7. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 7
    GRAN TIERRA MANAGEMENT TEAM 6 The Gran Tierra management team is based in Canada, and has relevant oil & gas experience in basins worldwide. Gran Tierras management team is complimented by an excellent execution team in Colombia who have…
  8. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 8
    JIM EVANS Most recently Head of Corporate Services at Glencore E&P Canada, and prior thereto with Caracal VP CORPORATE Held several management and executive positions with companies operating internationally SERVICES Certified General…
  9. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 9
    8 GRAN TIERRA BOARD OF DIRECTORS GARY GUIDRY President and Chief Executive Officer, Gran Tierra Energy inc. CEO 35+ years experience ROBERT HODGINS Chartered accountant, investor and director with over 30 years of oil and gas…
  10. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 10
    EVAN HAZELL Experience in the global oil and gas industry for 30+ years, initially as a petroleum engineer and then 30+ years experience as an investment banker Director of Oryx Petroleum and Kaisen Energy Corp., as well as non-profit…
  11. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 11
    NET ASSET VALUE1 10 7.0 2,000 200 1,699 6.0 99 0.69 1,600 127 0.35 5.0 589 0.45 1,200 4.0 US/share USMM 3.0 2.06 800 684 Share Price: 2.402 2.0 Market Cap: 686MM2 400 1.0 2.39 5.94 0.0 0 Costayaco Moqueta Other…
  12. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 12
    IMMEDIATE PLANS Focus on Core Assets Colombian Exploration Colombian Growth Opportunities COLOMBIA Grow existing production in High grade Colombian Continue evaluation on acquisition Costayaco and Moqueta through exploration…
  13. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 13
    12
  14. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 14
    FINANCIAL STRENGTH Gran Tierras financial strength is supported by a healthy balance sheet and no debt, allowing the Company the flexibility to enter value-add opportunities when they arise. UNDRAWN CASH WORKING CAPITAL DEBT FACILITY…
  15. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 15
    PROMISING FUTURE 14 2015 OUTLOOK Implementation of cost reductions and capital efficiencies has resulted 2015 CAPITAL in Gran Tierra forecasting a very strong 2015 performance, and has set PROGRAM the Company up for success in 2016 and…
  16. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 16
    FUNDS FLOW FROM OPERATIONS** Based on Gran Tierras forecasted gross W.I. 2015 exit production rate of 25,000 to 26,000 BOEPD, the Company expects funds flow from operations to be approximately: 2015 2016 (USMM) Brent Funds Flow Funds…
  17. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 17
    16 section 2 Colombia: Core Asset Base
  18. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 18
    COLOMBIA LEADING OPERATOR IN AN ATTRACTIVE E&P ENVIRONMENT SUPPORTIVE Strong economic environment with a pro-western government that ensures contract stability ECONOMIC Well educated and high-quality national workforce ENVIRONMENT GREAT…
  19. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 19
    COSTAYACO FIELD 18 CORE ASSET TECHNICAL EXCELLENCE IN RESERVOIR MANAGEMENT Track record of reserves growth, with improved recovery Expect to average 13,200 BOEPD GROSS W.I. in 2015 COSTAYACO LIGHT AND MEDIUM OIL RESERVES (GROSS W.I.):…
  20. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 20
    RESERVE GROWTH (GROSS) BEFORE ROYALTY AND PRODUCTION 80 70 60 Initial Recoverable (MMBO) 50 40 30 20 10 0 C1 C1-C5 C1-C7 C1-C10 C1-C14 C1-C17 C1-C18 C1-C22 2007 2008 2009 2010 2011 2012 2013 2014 1P 2P 3P 19
  21. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 21
    MOQUETA FIELD 20 GROWING THE PLATFORM NEW RESERVES ADDITIONAL POTENTIAL TO BE DELINEATED NEAR TERM Oil-water contact not observed to date GROWTH Expect to average 6,500 BOEPD GROSS W.I. in 2015 MOQUETA LIGHT AND MEDIUM OIL RESERVES…
  22. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 22
    RESERVE GROWTH (GROSS) BEFORE ROYALTY AND PRODUCTION 35 30 Initial Recoverable (MMBO) 25 20 15 10 5 0 M1-M2 M1-M6 M1-M8 M1-M12 M1-M17 2010 2011 2012 2013 2014 1P 2P 3P 21
  23. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 23
    PUTUMAYO BASIN 22 CORE POSITION 8 Blocks Over 550,000 Gross Acres (450,000 Net)1 Under-explored basin Dominant land position in foothills trend with a prolific hydrocarbon system Recently acquired new Blocks; Put-31 and farm-in to…
  24. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 24
    GROWTH IN COLOMBIA CARIBBEAN SEA Cartagena Barranquilla GROWTH THROUGH EXPLORATION, PORT OF DEVELOPMENT AND CAPTURING PANAMA COVEAS OF ACQUISITION AND PARTNERING VENEZUELA OPPORTUNITIES Multiple opportunities are currently under…
  25. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 25
    24 section 3 Peru & Brazil
  26. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 26
    PORTFOLIO OF OPPORTUNITY CAPTURED PROJECTS IN PERU AND BRAZIL COLOMBIA Management evaluating strategic options for value maximization 18 Leads and FARM-OUT Bring in industry / financial partners to Prospects BRAZIL fund projects…
  27. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 27
    PERU 26 BLOCK 95 Bretaa Norte 95-2-1XD 99 foot gross (53 foot net) oil column 3,095 bopd natural flow (18.5API) from horizontal side-track Additional exploration potential in Envidia Lobe Development suspended Future development…
  28. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 28
    PERU EXPLORATION BLOCKS 123 AND 129 Immediately up-dip and along strike from prolific Maraon Basin producing fields New 2D seismic acquired, prospects mapped Well permitting process underway P50 prospective resource estimate of 630…
  29. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 29
    COMMITMENTS SUMMARY PERU 28 FULLFILLING THE COMMITMENTS OR PAYING THE PENALTY OPTIONS ON THE EXISTING BLOCK Block Work Commitment Exit Penalty Block 95 Work commitment fulfilled 0.0 Block 123 Currently in force majeure and could exit…
  30. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 30
    BRAZIL RECNCAVO BASIN 100% W.I. in seven blocks 47,733 gross acres 2P Gross W.I. reserves in the Ti field increased 48% from year-end 2013 to 5.6 MMBOE (SEC compliant at December 31, 2014) Expect to average 1,000 BOEPD GROSS W.I. in…
  31. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 31
    30 section 4 Mexico: Long Term Strategic Option
  32. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 32
    MEXICO UNIQUE OPPORTUNITY TO ACCESS DEVELOPMENT, EOR & LOW RISK EXPLORATION In 2014, Mexico opened up its upstream industry to international investment following 76 years of Pemexs monopoly. 20 BNBOE of resources on offer Supporting…
  33. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 33
    RARE OPPORTUNITY TO PARTICIPATE IN THE OPENING UP OF A MAJOR RESOURCE 32 One of the Top 10 oil producing countries in the world Opportunities across shallow water, heavy oil, onshore, unconventional and deepwater Round One released…
  34. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 34
    ONSHORE BID ROUND SUMMARY TABLE FOR ONSHORE OIL & GAS (THIRD PHASE OF ROUND 1) Accumulated % of Oil Number of Original Oil in Oil and Gas Already Contractual Targeted Place OOIP Production Recovered Location Areas Area (km2)…
  35. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 35
    34 section 5 Corporate Social Responsibility
  36. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 36
    CORPORATE SOCIAL RESPONSIBILITY KEY TO SUCCESS Our Corporate Social Responsibility plan is ongoing to deliver sustainable value to our stakeholders through responsible resource development. We are integrating economic, and social and…
  37. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 37
    36
  38. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 38
    CORPORATE SOCIAL RESPONSIBILITY A SHARED VALUE APPROACH Responsible for delivering sustainable value to our stakeholders by integrating economic and social value and environmental best practices to our business For the Company to…
  39. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 39
    38 section 6 Appendix
  40. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 40
    GLOSSARY OF TERMS bbl:Barrel MM:Million BNBOE: Billion Barrels of Oil Equivalent MMBO: Million Barrels of Oil BOE: Barrel of Oil Equivalent MMBOE:Million Barrels of Oil Equivalent BOEPD: Barrel of Oil Equivalent per Day MMcf: Million…
  41. September 2015 Investor Presentation – Gran Tierra Energy, Inc. – slide 41
    40 FUNDS FLOW FROM CONTINUING OPERATIONS Three Months Ended June 30 Funds Flow From Continuing Operations Non-GAAP Measure (000s) 2015 2014 Net income (loss) (38,564) 9,137 Adjustments to reconcile net income (loss) to funds flow from…

From the store

Browse maps, data & reports in the Shale Experts store