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September 2016 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Sep 7, 2016 · 32 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. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation September 2016 1
  2. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 2
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM OPERATIONS WITH LOW DECLINE BASE PRODUCTION 10,000 bopd of oil hedged for next 12 months via put spread at 35-45-65/bbl Based on oil current prices,…
  3. September 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 1.1 million gross acres (0.8 million net) of land in highly prospective and underexplored Putumayo basin…
  4. September 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 w ith APEGA w ith more than 35 Over 15 years…
  5. September 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 w ith APEGA w ith 35+ years of Professional engineer w ith 35+ years of…
  6. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 6
    COMPANY SNAPSHOT Highly liquid stock (NYSE & TSX), Market Statistics Pro Form a PetroLatina Acquisition underpinned by solid Net Asset Value (NAV), low decline production Symbol (NYSE MKT, TSX) GTE and strong cash flow generation…
  7. September 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. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    DELIVERING ON OUR FOCUSED STRATEGY Growth in Colombian reserves, production & exploration potential, plus diversification of asset base have created shareholder value Value Creation 1 Reserves Growth(1) (mmboe, W.I.,…
  9. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    PRO FORMA VALUE (GRAN TIERRA + PETROLATINA) NET ASSET VALUE (BEFORE TAX, 10% DISCOUNT RATE) US MILLION1 (3) (3) (2) (3) 1,2,3) See endnotes. 10
  10. September 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. September 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 Lisama A…
  12. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 12
    COLOMBIA - COSTAYACO OVERVIEW Field Production (June 1 st, 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…
  13. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    COLOMBIA - MOQUETA OVERVIEW Cab T + Cab Field Production (June 1 st, 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…
  14. September 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. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    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…
  16. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    MCDANIEL PROSPECTIVE RESOURCES YEAR END 2015 Colombia Prospective Resources 1 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…
  17. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    PUTUMAYO BASIN N- SAND PLAY FAIRWAY1 1) IHS 2015 reference 18
  18. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    REGIONAL N SAND PROSPECTS WITHIN PORTFOLIO 14,724 km of 2D seismic, 1,342 sq.km of 3D seismic in Putumayo basin 19
  19. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    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…
  20. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    BRAZIL OPTIMIZING PRODUCTION, NETBACK AND RECOVERY EFFICIENCY GTE BRAZIL OVERVIEW Brazil harvest plan is now in place: TI FIELD OIL & GAS RESERVES (GROSS W.I.) 1 Implementing water injection Operating and G&A costs have been…
  21. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    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…
  22. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    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…
  23. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    WHY INVEST IN GRAN TIERRA 1 STRONG FINANCIAL POSITION & SIGNIFICANT FUNDS FLOW FROM OPERATIONS WITH LOW DECLINE BASE PRODUCTION 2 DURING LAST YEAR (SEPTEMBER 2015 SEPTEMBER 2016), DELIVERING ON OUR FOCUSED STRATEGY 3 POTENTIAL…
  24. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    Appendix 25
  25. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    SOLID TRACK RECORD OF VALUE CREATION Average shareholder returns of 45%/year & 2P reserves growth of 79% at prior 4 com panies led by Mr. Guidry Aw arded Oil Council Executive of the Year in 2014 Experience Performance Under…
  26. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    contingent resources: quantities of petroleum estimated, at a given date, to be potentially GLOSSARY OF TERMS recov erable from known accumulations using established or developing technology, but which are not currently considered to be…
  27. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    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…
  28. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    PRESENTATION OF OIL & GAS INFORMATION The f ollowing classif ication of contingent and prospectiv e resources is used in the presentation: Low Estimate means there is at least a 90 percent probability (P90) that the quantities actually…
  29. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 29
    PRESENTATION OF OIL & GAS INFORMATION Disclosure of Reserv e Inf ormation and Cautionary Note to U.S. Inv estors Unless expressly stated otherwise, all estimates of prov ed, probable and possible reserv es and related f uture net rev…
  30. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 30
    ENDNOTES (ALL FIGURES IN US UNLESS OTHERWISE STATED) Slide 3 Why Invest in Gran Tierra 1. For % increases in 1P, 2P & 3P reserv es, ref er to bar chart in slide 9. 2. Based on independent ev aluation of prospectiv e resources prepared by…
  31. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 31
    ENDNOTES (ALL FIGURES IN US UNLESS OTHERWISE STATED) Slide 13 Colombia - Costayaco Overview 1. Based on independent report by McDaniel as of December 31, 2015, NI 51-101 & COGEH compliant gross W.I. 2. F&D costs per BOE is calculated as…
  32. September 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 32
    200, 150 13TH AVENUE SW CALGARY, ALBERTA, CANADA T2R 0V2 Effective September 19, 2016: 900, 520 3RD AVENUE SW CALGARY, ALBERTA, CANADA T2P 0R3 Investor Relations 403-265-3221 infograntierra.com 34

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