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November 2015 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Nov 10, 2015 · 36 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. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    NOVEMBER 2015
  2. November 2015 Corporate 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
  3. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 3
    Gran Tierra Overview
  4. November 2015 Corporate 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. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 5
    COMPANY OVERVIEW Market Statistics Symbol (NYSE MKT, TSX) GTE Share Price (at close November 2, 2015) US2.42 Basic & Diluted Shares Outstanding1 283 MM Market Capitalization2 US686 MM Working Capital1 US191 MM Enterprise…
  6. November 2015 Corporate 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…
  7. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 7
    GRAN TIERRA MANAGEMENT TEAM 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. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    GRAN TIERRA MANAGEMENT TEAM JIM EVANS Most recently Head of Corporate Services at Glencore E&P Canada, and prior thereto with Caracal VP CORPORATE SERVICES Held several management and executive positions with companies operating…
  9. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    GRAN TIERRA BOARD OF DIRECTORS GARY GUIDRY PRESIDENT & CEO President and Chief Executive Officer, Gran Tierra Energy Inc. 35+ years experience Chartered accountant, investor and director with over 30 years of oil and gas industry…
  10. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 10
    GRAN TIERRA BOARD OF DIRECTORS Holds a Bachelor of Science degree in Chemical Engineering and an MBA from the University of Calgary J. SCOTT PRICE Has diverse experience in global oil and gas in North and South America, Europe, Africa,…
  11. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 11
    NET ASSET VALUE1 7.0 1800 191 1,690 1600 6.0 99 0.67 1400 5.0 127 0.35 589 0.45 1200 US/share 4.0 US/MM 1000 3.0 Share Price: 2.422 800 684 2.08 Market Cap: 686MM2 600 2.0 400 1.0 200 2.41 5.96 0.0 0…
  12. November 2015 Corporate 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 Costayaco and Moqueta through exploration portfolio…
  13. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    14
  14. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 14
    FINANCIAL STRENGTH Gran Tierras financial strength is supported by a healthy balance sheet and no debt, providing the Company with flexibility to enter value-add opportunities when they arise. UNDRAWN CASH WORKING CAPITAL DEBT…
  15. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    PROMISING FUTURE 2015/2016 OUTLOOK Implementation of cost reductions and capital efficiencies has Resulted in Gran Tierra forecasting a very strong 2015 performance, and has positioned the Company for success in 2016 and beyond. 2015…
  16. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    FUNDS FLOW FROM OPERATIONS1 2015 FUNDS FLOW FROM OPERATIONS2 The Company expects 2016 funds flow from operations to be approximately: 2016 2016 110 - 115 (USMM) Average Brent Price Funds Flow Low 50.00 / bbl 120 130 MILLION…
  17. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    Colombia: Core Asset Base 18
  18. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    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 workforce…
  19. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    COSTAYACO FIELD 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. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    MOQUETA FIELD GROWING THE PLATFORM ADDITIONAL POTENTIAL TO BE DELINEATED Oil-water contact not observed to date Expect to average 6,500 BOEPD GROSS W.I. in 2015 TOP RESERVOIR 3-D DEPTH MAP NEW RESERVES NEAR TERM GROWTH MOQUETA…
  21. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    PUTUMAYO BASIN 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…
  22. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    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…
  23. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    Peru & Brazil 24
  24. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    PORTFOLIO OF OPPORTUNITY CAPTURED PROJECTS IN PERU & BRAZIL Management evaluating strategic options for value maximization Bring in industry / financial partners to fund FARM-OUT projects Carry for exploration and development…
  25. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    PERU 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 area…
  26. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    PERU EXPLORATION BLOCKS 123 AND 129 EXPLORATION BLOCKS 107 AND 133 Immediately up-dip and along strike from prolific Maraon New 2D seismic acquired, five new prospects and leads Basin producing fields identified on Block 107 New 2D…
  27. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    COMMITMENTS SUMMARY PERU EXIT OPTION - FULLFILL THE COMMITMENTS OR PAY THE EXIT PENALTY Block Work Commitment Exit Penalty Block 95 Work commitment fulfilled 0.0 Currently in force majeure and could exit at zero cost. If force…
  28. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    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) 1 Expect to average 1,000 BOEPD GROSS W.I.…
  29. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 29
    Mexico: Long Term Strategic option 30
  30. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 30
    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…
  31. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 31
    RARE OPPORTUNITY TO PARTICIPATE IN THE OPENING UP OF A MAJOR RESOURCE One of the Top 10 oil producing countries in the world Opportunities across shallow water, heavy oil, onshore, unconventional and deepwater Round One released…
  32. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 32
    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)…
  33. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 33
    Corporate Social Resposability
  34. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 34
    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…
  35. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 35
    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…
  36. November 2015 Corporate Presentation – Gran Tierra Energy, Inc. – slide 36
    FUNDS FLOW FROM CONTINUING OPERATIONS Three Months Ended September 30 Funds Flow From Continuing Operations Non-GAAP Measure (000s) 2015 2014 Net income (loss) (101,877) 44,184 Adjustments to reconcile net income (loss) to funds flow…

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