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March 2016 Investor Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Mar 3, 2016 · 30 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. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 1
    FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation March 2016
  2. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 2
    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 previously led…
  3. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 3
    MANAGEMENT TEAM BOARD OF DIRECTORS Gary Guidry President & CEO Gary Guidry President & CEO Professional Engineer (P. Eng.) registered with APEGA with more than 35 years of experience. Before Gran Tierra, was President and CEO of Caracal…
  4. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 4
    COMPANY OVERVIEW Market Statistics Barranquilla l Symbol (NYSE MKT, TSX) GTE Cartagena l Share Price (at close March 1, 2016) US2.47 Port of Coveas l Daily Trading, 30-day Ave Volume, NYSE / TSX 1.26MM / 2.26MM Catatumbo Sinu-San…
  5. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 5
    NET ASSET VALUE (BEFORE TAX DISCOUNTED AT 10%)1 (4.15 After Tax) (3.33 After Tax) (2.48 After Tax) 2 3 1,2,3) See endnotes. 6
  6. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 6
    CORPORATE STRATEGY Grow Net Asset Value per share by 3-5x within 5 years Focus on Core Assets Colombian Exploration Colombian Growth Grow existing production in High grade Colombian exploration portfolio Opportunities Costayaco and…
  7. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 7
    EXECUTING OUR STRATEGY RECENT ACQUISITIONS OF PETROAMERICA AND PETROGRANADA Key Attributes Consideration paid 1 89.4 MM Consideration per W.I. 2P barrel 8.71/bbl Acreage (gross) 2.3 MM acres Reserves Volume (W.I.) W.I. NPV Before…
  8. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 8
    FINANCIAL STRENGTH POSITIONED TO EXECUTE OUR STRATEGY Strong cash, cash flow and borrowing capacity UNDRAWN CASH WORKING CAPITAL1 CREDIT FACILITY TOTAL LIQUIDITY 78 97 200 297 MILLION MILLION MILLION MILLION USD USD USD USD…
  9. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 9
    2016 BUDGET AND OPERATING GUIDANCE FUNDS FLOW ENGINE Requires minimal maintenance capital, robust in current oil price environment EXPECTED 2016 AVE. 2016 MAINTENANCE FULL 2016 BASE 2016 DISCRETIONARY W.I. PRODUCTION CAPITAL1 CAPITAL…
  10. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 10
    2016 WORK PROGRAM BASE CAPITAL PROGRAM DISCRETIONARY GROWTH PROGRAM Chaza Block 50 MM Putumayo Basin 37 MM 2 gross water injection wells at Costayaco Participate in 5 gross development wells 3 gross development wells at Moqueta…
  11. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 11
    Colombia CORE ASSET BASE
  12. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 12
    STRONG ASSET BASE FROM TWO FIELDS COSTAYACO FIELD MOQUETA FIELD TECHNICAL EXCELLENCE IN RESERVOIR MANAGEMENT ADDITIONAL POTENTIAL TO BE DELINEATED 30API Light Oil 28API Light Oil 2016 production expected to average W.I. 13,200 BOEPD…
  13. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 13
    PUTUMAYO BASIN Putumayo Basin CORE POSITION, UNDEREXPLORED BASIN Moqueta Field Chaza Guayuaco Both structural and seismically driven stratigraphic Costayaco Field plays with proven success in Colombia and Ecuador Piedmonte Norte…
  14. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 14
    LLANOS BASIN LLA-10 HIGH SUCCESS RATE, SEISMICALLY DRIVEN Over 1.7 million gross acres (570,000 net) Llanos basin accounts for 10% of forecasted 2016 average Los Ocarros production El Porton Las Maracas Field Access to…
  15. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 15
    PROSPECTIVE RESOURCES - COLOMBIA INDEPENDENT PROSPECTIVE RESOURCE REPORT (PRO FORMA GRAN TIERRA, PETROAMERICA & PETROGRANADA) Risked WI Prospective Resources - Unrisked Resources Colombia Prospects/ Low P50 Mean High Mean Basin…
  16. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 16
    GROWTH THROUGH ACQUISITIONS AND Barranquilla l Cartagena l FARM-INS Port of Coveas l Catatumbo MULTIPLE BASINS AND DIVERSIFIED PRODUCT Sinu-San Basin VENEZUELA STREAMS Jacinto Basin Evaluating multiple opportunities: Magdalena…
  17. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 17
    Peru & Brazil MAXIMIZING VALUE FROM OUR NON- CORE ASSETS
  18. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 18
    PORTFOLIO OF OPPORTUNITY NON-CORE ASSETS IN PERU & BRAZIL Colombia MANAGEMENT EVALUATING STRATEGIC OPTIONS FOR VALUE MAXIMIZATION: PERU Bring in industry / financial partners to fund projects FARM-OUT Carry for exploration and…
  19. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 19
    PERU BLOCK 95 CONTINGENT RESOURCES 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 Future development area…
  20. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 20
    PERU EXPLORATION BLOCKS 123 AND 129 Maraon Basin BLOCKS 107 AND 133 - Ucayali Basin Immediately up-dip and along strike from prolific New 2D seismic acquired, five new prospects and leads producing fields identified on Block 107 New 2D…
  21. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 21
    BRAZIL RECNCAVO BASIN 47,733 gross acres, 100% W.I. in 7 blocks 4% of forecasted 2016 average production is from Ti field in Brazil BRAZIL 2P gross W.I. reserves in the Ti field 9.3 MMboe1 Current production 650 BOEPD W.I.,…
  22. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 22
    Mexico LONG TERM STRATEGIC OPTION
  23. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 23
    MEXICO STRATEGIC OPPORTUNITY GRAN TIERRA REMAINS FOCUSED ON FINANCIAL DISCIPLINE AND CAPITAL ALLOCATION On December 15th, 2015 the Third phase of round one took place, covering 25 onshore areas. The average additional royalty bid by…
  24. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 24
    CORPORATE SOCIAL RESPONSIBILITY
  25. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 25
    CORPORATE SOCIAL RESPONSIBILITY A SHARED VALUE APPROACH Policies and operating practices that enhance the competitiveness of our company while simultaneously advancing the economic and social conditions in the communities in which we…
  26. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 26
    CORPORATE SOCIAL RESPONSIBILITY FLAGSHIP PROJECTS Farmers for Peace Pepper Production Project Objective: Create alternative livelihoods, and improve income and food security Partners: GTEC, Govt of Canada, Mercy Corps, RAI, Govt of…
  27. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 27
    Appendix
  28. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 28
    MANAGEMENT TRACK RECORD Independent companies under management's leadership have delivered average annual shareholder returns of 45%; awarded Oil Council Executive of the Year in 2014 Experience Performance Under Managements Leadership…
  29. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 29
    WHY COLOMBIA 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 Recent large…
  30. March 2016 Investor Presentation – Gran Tierra Energy, Inc. – slide 30
    FUNDS FLOW FROM OPERATIONS Three Months Ended December 31 Funds Flow From Operations Non-GAAP Measure (000s) 2015 2014 Net loss (82,722) (269,789) Adjustments to reconcile net loss to funds flow from operations DD&A expenses 33,044…

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