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December 2016 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Dec 19, 2016 · 31 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. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    FINANCIALLY STRONG DISCIPLINED APPROACH VALUE DRIVEN Corporate Presentation December 2016 1
  2. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 2
    WHY INVEST IN GRAN TIERRA 1 DELIVERING ON OUR FOCUSED STRATEGY IN 2016; EXCITING 2017 CAPITAL BUDGET & PRODUCTION GROWTH Drilled/cased Acordionero-5 development oil well; onstream Nov.11/2016 at 1,500 bopd* Tested 2 bypassed zones in…
  3. December 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 (0.9 million net) of land in highly prospective and underexplored Putumayo basin…
  4. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 4
    COMPANY SNAPSHOT Highly liquid stock (NYSE & TSX), Market Statistics Pro Forma PetroLatina Acquisition underpinned by solid Net Asset Value (NAV), low decline production Symbol (NYSE MKT, TSX) GTE and strong cash flow generation…
  5. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 5
    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…
  6. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 6
    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.,…
  7. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 7
    PRO FORMA VALUE (GRAN TIERRA + PETROLATINA) NET ASSET VALUE (BEFORE TAX, 10% DISCOUNT RATE) US MILLION1 (3) (3) (3) (3) (2) (3) 1,2,3) See endnotes. 8
  8. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    2017 CAPITAL BUDGET & PRODUCTION GUIDANCE1 2017 CAPITAL BUDGET ( MILLION) 2017 CAPITAL BUDGET ALLOCATIONS At US56.00/bbl Brent2, Gran Tierra expects to fund its capital budget from cash from operating activities3 COLOMBIA…
  9. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    2017 CASH FROM OPERATING ACTIVITIES GUIDANCE1&2 With projected 2017 production guidance of 34,000 38,000 BOEPD and budgeted 2017 Brent oil price of 56/bbl, Gran Tierra expects the following ranges of 2017 cash from operating…
  10. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 10
    PETROLATINA ACQUISITION (CLOSED AUG.23, 2016) COMPANY OVERVIEW ASSET MAP E&P company with assets primarily in the Middle Magdalena Basin, Colombia(1) 100% interest in and operator of Acordionero oil field (Midas Block) 4 production…
  11. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 11
    MIDDLE MAGDALENA ACORDIONERO (100% WI) ASSET OVERVIEW ACORDIONERO PRODUCTION (2P)(1) Acordionero is a conventional oil field with oil trapped in 2 formations and 4 way structural closure 20 (Pre-Royalties) Lisama A Sand: heavy…
  12. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 12
    MIDDLE MAGDALENA ACORDIONERO (100% WI) Field Production (November 2016) Drill/Cased (Oct/2016) Oil: 6,278 bopd (5 wells total) Gross Oil Interval = 997 Water: 87 bwpd (1.4% water cut) GOR: 135 scf/stb Onstream Nov.11/2016 Water…
  13. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    PUTUMAYO COSTAYACO OVERVIEW (100% WI) Costayaco-7 Field Production (October 11, 2016) A Limestone Oil: 13,122 bopd Water: 29,451 bwpd (69% w/c) GOR: 183 scf/stb Water Injection: 37,318 bwipd Guriyaco-1 New Oil Discovery,…
  14. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 14
    COSTAYACO NEW OIL PLAY BYPASSED A LIMESTONE COSTAYACO-19 A LIMESTONE LOGS COSTAYACO-19 A LIMESTONE PRODUCTION* Natural Flow Well producing approx. 2,000 bopd & 0.5% water cut at 50% pressure drawdown after hydraulic jet pump…
  15. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    PUTUMAYO MOQUETA OVERVIEW (100% WI) Field Production (October 11, 2016) Oil: 6,688 bopd Cab Water: 1,519 bwpd (19.0% w/c) T + Cab GOR: 292 scf/stb Monitors Water Injection: 8,050 bwipd Suspended MQT 2 MQT 1 MQT 22 Injectors ZPT…
  16. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    ECOPETROL 2016 BID ROUND 2 SUCCESSFUL ACQUISITIONS On Nov.25/2016, submitted 2 successful bids for combined US30.4 million for Santana & Nancy- Burdine-Maxine Blocks Gross WI 2016 average production before royalties 600 bopd & 300…
  17. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    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…
  18. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    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…
  19. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    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…
  20. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    PUTUMAYO BASIN N SAND PLAY FAIRWAY1 Cumplidor-1 declared discovery Dec.12/2016; Alpha-1 drilling during Dec/2016 from same pad, expected to reach total depth before Dec.31, 2016 1) IHS 2015 reference 21
  21. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    REGIONAL N SAND PROSPECTS WITHIN PORTFOLIO Cumplidor-1 declared 16,807 km of 2D seismic, 1,616 discovery Dec.12/2016; sq.km of 3D seismic in Putumayo Alpha-1 drilling during Dec/2016 from same pad, basin expected to reach total…
  22. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    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…
  23. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    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…
  24. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    PERU BLOCK 95 CONTINGENT RESOURCES Bretaa Norte 95-2-1XD 100 foot gross oil column 3,095 bopd natural flow (18.5API) from horizontal side-track Additional exploration potential in Envidia Lobe Future development area defined and…
  25. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    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…
  26. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    WHY INVEST IN GRAN TIERRA 1 DELIVERING ON OUR FOCUSED STRATEGY IN 2016; EXCITING 2017 CAPITAL BUDGET & PRODUCTION GROWTH 2 CREATING SHAREHOLDER VALUE: SIGNIFICANT GROWTH IN RESERVES/PRODUCTION/UPSIDE OVER LAST YEAR 3 POTENTIAL…
  27. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    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 20 years experience,…
  28. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    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…
  29. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 29
    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…
  30. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 30
    FUNDS FLOW FROM OPERATIONS Three Months Ended Funds Flow From Operations Non-GAAP Measure (US 000s) September 30, 2016 June 30, 2016 Net cash provided by operating activities 48,222 27,409 Adjustments to reconcile net cash provided…
  31. December 2016 Corporate Presentation – Gran Tierra Energy, Inc. – slide 31
    New Address: 900, 520 3RD AVENUE SW CALGARY, ALBERTA, CANADA T2P 0R3 Investor Relations 403-265-3221 infograntierra.com 39

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