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June 2016 Corporate Presenation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Jun 3, 2016 · 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. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 1
    FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation, June 2016 1
  2. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 2
    CONTENTS 1. Introduction to Company 2. Financial Overview 3. Marketing and Transportation 4. Asset Management 5. Exploration 6. Summary 3
  3. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 3
    1. Introduction to Company 4
  4. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 4
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM OPERATIONS WITH EXPECTED 27,500-29,000 BOEPD OF LOW DECLINE, GROSS WORKING INTEREST (W.I.) OIL PRODUCTION Solid balance sheet, 190 million in pro…
  5. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 5
    WHY INVEST IN GRAN TIERRA 3 TOP PERFORMING OPERATING AND ASSET MANAGEMENT TEAMS IN COLOMBIA AND CALGARY Recently reduced drilling times by 45% and drilling costs by 35% by restructuring team and applying best in class practices;…
  6. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 6
    SIGNIFICANT EXPERIENCE, PROVEN TRACK RECORD 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…
  7. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 7
    COMPANY SNAPSHOT 5 Highly liquid stock (NYSE & TSX), underpinned by solid Net Asset Value (NAV) Market Statistics Symbol (NYSE MKT, TSX) GTE Share Price (at close June 2, 2016), NYSE MKT US 2.98 Daily Trading, 30-day Ave Volume,…
  8. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 8
    CORPORATE STRATEGY Grow Net Asset Value per share by 3-5x within 5 years Discovered Resources Undiscovered Resources New Inventory Grow/maintain existing High graded exciting exploration portfolio Continue evaluation of…
  9. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 9
    2. Financial Overview 10
  10. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 10
    FINANCIAL STRENGTH POSITIONED TO EXECUTE OUR STRATEGY Strong cash position, cash flow & borrowing capacity PRO FORMA CASH & CURRENT PRO FORMA WORKING UNDRAWN RESTRICTED CASH1 CAPITAL2 CREDIT FACILITY3 TOTAL LIQUIDITY 179 190 185…
  11. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 11
    2016 REVISED WORK PROGRAM (US) ORIGINAL BASE CAPITAL PROGRAM ADDITIONAL EXPLORATION CAPITAL Chaza Block 50 MM Colombia Exploration 33-43 MM 2 gross water injection wells at Costayaco Drill 2 additional gross exploration wells 3 gross…
  12. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 12
    3. Marketing and Transportation 13
  13. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 13
    MARKETING & TRANSPORTATION: CAPTURING VALUE Restructured marketing function, core competency of Gran Tierra Gran Tierra has very strong logistics and operations team which safely and efficiently transports barrels Multiple export…
  14. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 14
    MULTIPLE Barranquilla EXPORT ROUTES Cartagena Multiple options to monetize crude oil production Coveas Netbacks vary by route, however pipeline tariffs are paid in US and trucking costs are paid in Colombian Pesos; sales netback…
  15. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 15
    4. Asset Management 16
  16. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 16
    COLOMBIA COSTAYACO OVERVIEW Field Production (May 1st , 2016) Oil: 12,368 bopd Water: 21,839 bwpd (63.8% w/c) GOR: 148 scf/stb Water Injection: 27,869 bwpd Cab T T + Cab U+T+Cab Injectors REMAINING RECOVERABLE RESERVES1…
  17. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 17
    COSTAYACO TYPE WELL1 2,500 4.0 3.6 Cumulative Oil (MMbbl), WaterCut (%) 2,000 3.2 Caballos+T Sand 2.8 Oil Rate (bopd) 1,500 2.4 2.0 1,000 1.6 Watercut 100% 1.2 500 0.8 0.4 0 0.0 0 5 10 15 Time (Years) Oil…
  18. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 18
    COSTAYACO RESERVOIR SIMULATION Model updated to May 1st 2016, including production from new wells (CYC-23i and CYC-27i) Good oil, water and pressure history match on a field basis allows us to accurately predict production, optimize…
  19. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 19
    MOQUETA OVERVIEW Field Production (May 1st , 2016) Oil: 7,351 bopd Water: 1,778 bwpd (19.5% w/c) Cab GOR: 308 scf/stb Water Injection: 9,285 bwpd T + Cab Monitors Suspended MQT 2 MQT 1 MQT 22 Injectors ZPT 1 MQT 14 MQT 21 MQT…
  20. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 20
    MOQUETA TYPE WELL 600 2.4 Caballos+T Sand 2.2 Cumulative Oil (MMbbl), WaterCut (%) 500 2.0 1.8 400 1.6 Oil Rate (bopd) 1.4 300 1.2 Watercut 100% 1.0 200 0.8 0.6 100 0.4 0.2 0 0.0 0 5 10 15 20 25 Time (Years)…
  21. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 21
    MOQUETA SIMULATION: HISTORY MATCH Moqueta - Fluid History Match Dynamic Model Description 9,000 8,000 Oil/Water Rate (bpd) 7,000 Extremely high resolution model (25 x 25 x 1m grid) 6,000 5,000 Single model for all…
  22. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 22
    SURORIENTE BLOCK - LOCATION AND OVERVIEW BLOCK OVERVIEW GTE has 15.8% non-op working interest in block In the Putumayo basin on the border with Ecuador Association contract with Ecopetrol, expires in 2023 Gross WI Reserves (McDaniel…
  23. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 23
    PORTFOLIO OF OPPORTUNITY NON-CORE ASSETS IN BRAZIL & PERU Colombia MANAGEMENT EVALUATING STRATEGIC OPTIONS FOR VALUE MAXIMIZATION: PERU FARM-OUT Bring in industry / financial partners to fund projects BRAZIL Carry for exploration and…
  24. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 24
    BRAZIL GROWING OIL PRODUCTION AND A MATERIAL ACREAGE POSITION GTE BRAZIL OVERVIEW ACREAGE PORTFOLIO 47,734 gross acres, 100% W.I. in 7 blocks GROSS BLOCK GTE W.I. COMMENTS ACRES Recncavo Basin located in one of the principal…
  25. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 25
    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…
  26. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 26
    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…
  27. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 27
    SUMMARY High quality, light oil assets Mature with infrastructure and drilling capex largely complete Strong cashflow generating assets Application of technology expected to identify further potential upside Restructured to…
  28. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 28
    5. Exploration 29
  29. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 29
    EXPLORATION STRATEGY Focus on Colombia Focus on proven basins Large prospective resource inventory with diversified plays & prospects Structural prospects in proven basins / stratigraphic N sand play in Putumayo Basin Seismically…
  30. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 30
    MEAN PROSPECTIVE RESOURCES1 P = Prospects; L = Leads 1) See endnotes. 31
  31. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 31
    MCDANIEL PROSPECTIVE RESOURCES YEAR END 2015 Colombia Prospective Resources1 Risked BOE (MMBOE) WI Prospective Resources - Unrisked Resources Prospects / Basin Low P50 Mean High Mean Leads Putumayo 45P 114.9 306.6 441.4 921.4…
  32. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 32
    PUTUMAYO BASIN N- SAND PLAY FAIRWAY1 1) IHS 2015 reference 33
  33. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 33
    REGIONAL N SAND BASIN STATISTICS1 o 82 wells exploratory wells structural targets o 47/82 wells encountered N sand reservoir 57.3% chance of encountering N sand in basin o Chance of Success CHAZA 53% chance of encountering oil…
  34. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 34
    REGIONAL N SAND PROSPECTS WITHIN PORTFOLIO 14,724 km of 2D seismic, 1,342 sq.km of 3D seismic in Putumayo basin 35
  35. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 35
    CAPEX 2016 / PUT 4 / SIRIRI PROSPECT PUT4 A SIRIRI-1 N-Sand Trough A 0 1500m Nss Amplitude Map Prospect Type Stratigraphic Trap Prospective Resources (MMBbls)1 Target (s) N - Sand Prospect P90 Mean P10 Pg Critical…
  36. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 36
    CAPEX 2016 / EL PORTON BLOCK / CRYPTO PROSPECT NW EL PORTN SE Targets Three way closure against Prospective Resources (MMbbls)1 Prospect Type antithetic fault Prospect P90 Mean P10 Pg Target (s) Tertiary and…
  37. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 37
    6. Summary 38
  38. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 38
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM ASSETS WITH APPROXIMATELY 27,500-29,000 BOEPD OF LOW DECLINE, WORKING INTEREST (W.I.) OIL PRODUCTION 2 POTENTIAL TO TRIPLE VALUE OF COMPANY OVER…
  39. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 39
    Appendix 40
  40. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 40
    SOLID TRACK RECORD OF VALUE CREATION Average shareholder returns of 45%/year & 2P reserves growth of 79% at prior 4 companies led by Mr. Guidry Awarded Oil Council Executive of the Year in 2014 Experience Performance Under Managements…
  41. June 2016 Corporate Presenation – Gran Tierra Energy, Inc. – slide 41
    FUNDS FLOW FROM OPERATIONS Three Months Ended Funds Flow From Operations Non-GAAP Measure (US 000s) March 31, 2016 December 31, 2015 Net loss (45,032) (82,722) Adjustments to reconcile net loss to funds flow from operations DD&A…

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