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August 2016 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Aug 23, 2016 · 28 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. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation August 2016 1
  2. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 2
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM OPERATIONS (PRE-PETROLATINA ACQUISITION), WITH LOW DECLINE BASE PRODUCTION Solid balance sheet; pre-PetroLatina acquisition, as at June 30, 2016, 211…
  3. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 3
    WHY INVEST IN GRAN TIERRA 3 POTENTIAL TO TRIPLE VALUE OF COMPANY OVER NEXT 3-5 YEARS THROUGH GRAN TIERRAS EXPLORATION PORTFOLIO (PRE-PETROLATINA ACQUISITION) 1.1 million gross acres (0.8 million net) of land in highly prospective and…
  4. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 4
    SIGNIFICANT EXPERIENCE, PROVEN TRACK RECORD MANAGEMENT TEAM Gary Guidry President & CEO Adrian Coral President, Gran Tierra Energy Colombia Professional Engineer (P. Eng.) registered with APEGA with more than 35 Over 15 years experience,…
  5. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 5
    SIGNIFICANT EXPERIENCE, PROVEN TRACK RECORD BOARD OF DIRECTORS Gary Guidry President & CEO Ronald W. Royal Independent Professional Engineer (P. Eng.) registered with APEGA with 35+ years of Professional engineer with 35+ years of…
  6. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 6
    COMPANY SNAPSHOT Highly liquid stock (NYSE & TSX), Pre-PetroLatina Pro Forma Market Statistics underpinned by solid Net Asset Acquisition PetroLatina Value (NAV), low decline production Symbol (NYSE MKT, TSX) GTE and strong cash…
  7. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 7
    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 Continue evaluation of acquisition…
  8. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    EXECUTING OUR STRATEGY PETROLATINA ACQUISITION Transaction Rationale 1 Addition of significant 2P reserves (+70%)1 Material step-up in production and sustainable production growth Scale Become the largest listed, independent…
  9. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    ACQUISITION SUMMARY Transformational deal that provides production growth over the next three years and establishes GTE in the Middle Magdalena Basin Gran Tierra acquired PetroLatina Energy Ltd. (PetroLatina) TRANSACTION SUMMARY for…
  10. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 10
    PETROLATINA OVERVIEW ACORDIONERO FIELD STRUCTURE MAP COMPANY OVERVIEW TOP OF LISAMA A SAND Private, independent E&P company with assets primarily in the Middle Magdalena Basin, Colombia(1) 100% interest in and operator of Acordionero…
  11. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 11
    ACORDIONERO (100% WI) ASSET OVERVIEW ACORDIONERO PRODUCTION (2P)(1) 20 (Pre-Royalties) Acordionero is a conventional oil field with oil trapped in 15.1 14.4 2 formations and 4 way structural closure 15 13.5 13.2 11.5 9.6…
  12. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 12
    GRAN TIERRA POST TRANSACTION PRO-FORMA PRODUCTION(1) TRANSACTION METRICS 50 (Pre-Royalties) 41 28% 42 56% Gran Tierra 40 33 Pro-Forma Accretion(3) 18% 9 Gran Tierra PetroLatina (Excl. Synergies) (Per Share) 15 mboe/d 30 5 2P…
  13. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    PRO FORMA VALUE NET ASSET VALUE (BEFORE TAX, 10% DISCOUNT RATE) US MILLION3 (5) (2) (5) (2) (1) (1) (4) (1) Based on number of shares outstanding pre-equity raise (297.8 million) (2) Based on number of…
  14. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 14
    MARKETING & TRANSPORTATION Restructured marketing function, improved netbacks by up to 2.50/bbl Multiple options to monetize oil Netbacks vary by route pipeline tariffs are paid in US, trucking costs paid in Colombian Pesos sales…
  15. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    COLOMBIA - COSTAYACO OVERVIEW Field Production (June 1st, 2016) Oil: 13,258 bopd Water: 26,639 bwpd (67% w/c) GOR: 124 scf/stb Water Injection: 32,288 bwpd Cab T T + Cab REMAINING RECOVERABLE RESERVES (MMBBLS & [RECOVERY…
  16. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    COLOMBIA - MOQUETA OVERVIEW Cab T + Cab Field Production (June 1st, 2016) Monitors Oil: 7,022 bopd Suspended Water: 1,744 bwpd (20.0% w/c) MQT 1 MQT 2 GOR: 275 scf/stb MQT 22 Injectors ZPT 1 Water Injection: 8,660 bwpd MQT 14…
  17. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    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…
  18. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    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…
  19. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    PUTUMAYO BASIN N- SAND PLAY FAIRWAY1 1) IHS 2015 reference 20
  20. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    REGIONAL N SAND PROSPECTS WITHIN PORTFOLIO 14,724 km of 2D seismic, 1,342 sq.km of 3D seismic in Putumayo basin 21
  21. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    OTHER PORTFOLIO ASSETS LEGACY ASSETS IN BRAZIL & PERU Colombia MANAGEMENT EVALUATING STRATEGIC OPTIONS FOR PERU VALUE MAXIMIZATION: PERU BRAZIL Bring in industry / financial partners to fund projects FARM-OUT Carry for exploration…
  22. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    BRAZIL OPTIMIZING PRODUCTION, NETBACK AND RECOVERY EFFICIENCY GTE BRAZIL OVERVIEW TI FIELD OIL & GAS RESERVES (GROSS W.I.)1 Brazil harvest plan is now in place: MMBOE RESERVES CATEGORY Implementing water injection (NI 51-101)…
  23. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    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…
  24. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    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…
  25. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM OPERATIONS (PRE-PETROLATINA ACQUISITION) WITH LOW DECLINE BASE PRODUCTION 2 RECENTLY CLOSED ACCRETIVE, TRANSFORMATIONAL PETROLATINA TRANSACTION…
  26. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    Appendix 27
  27. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    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…
  28. August 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    FUNDS FLOW FROM OPERATIONS Three Months Ended Funds Flow From Operations Non-GAAP Measure (US 000s) June 30, 2016 March 31, 2016 Net cash provided by operating activities 27,412 10,812 Adjustments to reconcile net cash provided by…

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