FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation April 2016
INVESTMENT HIGHLIGHTS 1 MANAGEMENT TEAM WITH SIGNIFICANT EXPERIENCE AND PROVEN TRACK RECORD Team has operational and technical experience in North America, Latin America, Asia, Europe, Middle East and Africa Team previously led…
COMPANY OVERVIEW Market Statistics Barranquilla l Symbol (NYSE MKT, TSX) GTE Cartagena l Share Price (at close April 7, 2016) US 2.37 Port of Coveas l Daily Trading, 30-day Ave Volume, NYSE / TSX 1.44 MM / 2.15 MM Catatumbo Sinu-San…
NET ASSET VALUE (BEFORE TAX DISCOUNTED AT 10%)1 US 2 3 1, 2, 3) See endnotes. 6
EXECUTING OUR STRATEGY RECENT ACQUISITIONS OF PETROAMERICA AND PETROGRANADA Key Attributes Consideration paid 1 US 89.4 MM Consideration per W.I. 2P barrel US 8.71/bbl Acreage (gross) 2.3 MM acres Reserves Volume (W.I.) W.I. NPV…
FINANCIAL STRENGTH POSITIONED TO EXECUTE OUR STRATEGY Strong cash, cash flow and borrowing capacity UNDRAWN CASH1 WORKING CAPITAL2 CREDIT FACILITY TOTAL LIQUIDITY 173 192 200 392 MILLION MILLION MILLION MILLION US US US US…
2016 BUDGET AND OPERATING GUIDANCE FUNDS FLOW ENGINE Requires minimal maintenance capital, robust in current oil price environment FORECASTED 2016 2016 MAINTENANCE FULL 2016 BASE 2016 DISCRETIONARY AVE. W.I. PRODUCTION CAPITAL1…
2016 WORK PROGRAM (US) 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…
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 forecasted to average W.I. 13,200 BOEPD…
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…
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…
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…
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…
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…
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…
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…
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.,…
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…
FUNDS FLOW FROM OPERATIONS Three Months Ended December 31 Funds Flow From Operations Non-GAAP Measure (US 000s) 2015 2014 Net loss (82,722) (269,789) Adjustments to reconcile net loss to funds flow from operations DD&A expenses…