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June 2017 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Jun 29, 2017 · 36 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 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    A TRANSFORMED PORTFOLIO High Quality Assets Large Resource Base Visible Production Growth Corporate Presentation 1 June 2017
  2. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 2
    GRAN TIERRA VALUE CREATION PHILOSOPHY Value- driven Low declines, low costs Focus on full-cycle returns provide cash to reinvest Sustainable Short cycle cash flows times Commercialize exploration discoveries within 3-6…
  3. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 3
    GRAN TIERRA TRANSFORMATION TO GROWTH COMPANY Grow NAV / share in 3-5 x in 5 years Exploration Current 3P NAV: Upside US7.85 / share 3P 2P 1P Drill 30-35 Developing exploration wells Acordionero over the next 3 Added 2P/3P…
  4. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 4
    GRAN TIERRA KEY INVESTMENT ATTRIBUTES Transformed Consolidated dominant land position in highly prospective, underexplored Portfolio Putumayo Basin & acquired new core area in prolific Middle Magdalena Basin High Quality 74% of…
  5. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 5
    COMPANY SNAPSHOT Market Statistics Symbol (NYSE MKT, TSX) GTE 2016 Year-End 2P Gross W.I. Reserves (MMBOE) Share Price (at close June 1, 2017), NYSE MKT US 2.38 Daily Trading, 30-day Ave Volume, NYSE MKT/TSX 1.68 MM / 1.63 MM Minor…
  6. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 6
    CORPORATE STRATEGY Discovered Resources Undiscovered Resources New Inventory Appraise & develop newly Accelerating N-Sand, Continue evaluation of Ecopetrol acquired fields, including the large A-Limestone, U/T/Caballos joint-venture…
  7. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 7
    DELIVERING ON OUR FOCUSED STRATEGY Operating Netback 1 Net Cash From 2 Operating Activities (US/boe, W.I., pre-royalties) 136% (USmm) 362% 23.72 49.9 10.06 10.8 Q1/2016 Q1/2017 Q1/2016 Q1/2017 Actual Actual Reserves…
  8. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    NET ASSET VALUE 3,500 Net Asset Value (NAV) Before Tax (USMM, US/share) 7.85 3,000 3,124 2,500 June 1/2017 1,196 Share Price US 2.38/share 4.85 2,000 1,928 1,500 925 314 227.0 2.52 1,000 916 1,003 500 0 Proved Proved Net…
  9. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    2017 YEAR TO DATE HIGHLIGHTS* June Strong Production Performance at Acordionero 2017 In 9 months since acquisition, production increased 100% to 9,460 BOPD Total Middle Magdalena Valley Basin production up to 10,248 BOPD Continued…
  10. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 10
    NETBACK COMPARISON Operating Netback Peer Comparison, Q1 2017 (US/bbl ) 35 2017 Budget Brent (/bbl) 56.00 Expenses (/boe) 30 28.68 28.14 - Transportation and Discount 13.00 15.00 - Royalties 7.00 9.00 25.16 24.00 23.72 - Operating…
  11. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 11
    2017 CAPITAL BUDGET & PRODUCTION GUIDANCE 2017 CAPITAL BUDGET ( MILLION) 2017 CAPITAL BUDGET ALLOCATIONS At US56.00/bbl Brent, Gran Tierra expects to fund its capital budget from cash from operating activities COLOMBIA Development 57…
  12. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 12
    Core Assets 13
  13. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    MIDDLE MAGDALENA ACORDIONERO (100% WI) Lisama A Structure 2P Oil Production Forecast (W.I., mbbl/d) 20 16 15 13 14 mbbl/d 15 12 9 10 10 8 7 6 5 - 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 120 Reserves & NPV…
  14. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 14
    ACORDIONERO: MATERIAL PRODUCTION GROWTH* From Aug.23/2016 to Jun.03/2017, oil production Acquisition of PetroLatina closes; increased from 4,730 to Gran Tierra assumes operatorship 9,460 BOPD (100%) from drilling 5 development…
  15. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    Acordionero-10 Well Logs ACORDIONERO FIELD OVERVIEW W AC-2 E Main UNC Net Pays 60+ dip TVD Lisama A 883 ft 35 dip Lisama C 187 ft Thick, permeable oil pay in Lisama A/C, new discovery in Lisama D Lisama D 12 ft 16
  16. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    ACORDIONERO FORECASTED FULL 2P DEVELOPMENT PLAN Lisama A Drilling: Structure AC-2 Pad: 4 new producers, 1 new injector AC-1 CPF Pad: 3 new producers, 1 new injector Central Pad: 4 new producers, 1 new injector AC-6 Pad: 4 new…
  17. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    PUTUMAYO COSTAYACO OVERVIEW (100% WI) 2P Oil Production Forecast (W.I., mbbl/d) 14 15 12 A-Limestone Upside Not Included mbbl/d 9 10 7 6 5 4 5 4 3 3 - 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Reserves & NPV…
  18. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    COSTAYACO: NEW OIL PLAY, BYPASSED A-LIMESTONE*(100% WI) CYC-28: 1st horizontal well, onstream Apr.27/2017, producing 1,053 bopd, 5.7% water cut CYC-29: 2nd horizontal well spud May 15/2017, targeted TD by end June/2017…
  19. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    PUTUMAYO MOQUETA OVERVIEW (100% WI) 2P Oil Production Forecast (W.I., mbbl/d) 8 6 6 5 mbbl/d 6 5 4 4 3 3 3 2 2 2 - 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Reserves & NPV (mmboe; USMM) 23 25 Large increase…
  20. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    MOQUETA WATERFLOOD GOR Decreasing OPTIMIZATION Increasing fluid handling capacity from 9,000 bbl/d to MQT-10i 16,000bbl/d Injection Optimizing & executing ongoing stimulation program Increased injection 44% via pump optimization &…
  21. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    MARKETING & TRANSPORTATION Restructured marketing function, improved netbacks by up to 4.00/bbl Sales netbacks after transportation vary by < Acordionero 4.00/bbl depending on route Significant pipeline capacity in Putumayo for…
  22. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    Exploration 23
  23. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    2017 COLOMBIA EXPLORATION DRILLING PLAN 2 WELLS, MIDDLE MAG VALLEY BASIN 1 WELL, SINU BASIN AYOMBERO-1 ACORDIONERO TOTUMILLO-1 TONGA-1 8 WELLS, PUTUMAYO BASIN MOQUETA 1 WELL COSTAYACO LLANOS BASIN VON-1 COMADREJA…
  24. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    COLOMBIA EXPLORATION PROJECTS - 2017 Q1 Q2 Q3 Q4 1 well 1 well 3 wells 7 wells Confianza Vonu Siriri Totumillo Tautaco Ayombero Pomorroso Northwest (PUT-7) (PUT-1) (PUT-4) (Midas) (LLA-10) (Midas) (PUT-7) (PUT-7) Nancy C1…
  25. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    PUTUMAYO BASIN: UNDEREXPLORED MULTI-ZONE POTENTIAL OIL RESERVOIR ANALOG FIELDS CUMPLIDOR QUINDE COHEMBI Competitive advantages N Sand Regional seismic coverage of 2D & 3D Large contiguous land base Significant multi-zone…
  26. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    PUTUMAYO ADVANTAGE: LARGE SEISMIC DATABASE DEFINES N SAND/A-LIMESTONE PLAYS Costayaco Moqueta Vonu Cumplidor-Confianza 3D : 1 616 Km2 2D : 16 807 Km 27
  27. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    PUTUMAYO A-LIMESTONE RESERVOIR DEPOSITIONAL MODEL La Vega Este-1 Micro-porous lagoonal skeletal wackestone C-19 Micro-porous wackestone reservoir Acae-1 Taruka-1 Organic, source-prone Tight, high energy, Micro-porous…
  28. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    PUTUMAYO: GRAN TIERRA CONTROLS LARGE PORTION OF A-LIMESTONE & N SAND FAIRWAYS Moqueta 2017 Exploration Costayaco Drilling Program Currently o Test seismically Testing Vonu-1 defined N Sands Comadreja-1 amplitude play o Several…
  29. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 29
    PUT-1 BLOCK (GTE 55% W.I. & OPERATOR) VONU-1: CURRENTLY TESTING Log Analysis (Net Oil Pay True Vertical Depth): N Sand: 8.2 ft M1 Limestone: 3.4 M2 Limestone: 8.7 A-Limestone: 91.1 U Sand: 15.3 T Sand: 30.7 TOTAL: 157.4 ft net…
  30. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 30
    PUT-7 BLOCK (GTE 100% W.I.): CONFIANZA-1 WELL NEW DISCOVERIES, MORE APPRAISAL Confirmed appraisal of N Sands Encountered N Sands as predicted by seismic & as discovered by Cumplidor-1, Alpha-1 Net Pay 24 ft TVD as expected from…
  31. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 31
    MMV: MIDAS BLOCK (GTE 100% W.I.) AYOMBERO PROSPECT Montesitos Town Marquez Town AYOMBERO Los Angeles Town Cretaceous seaway MAIN ROAD GTECBLOCKS GTEC BLOCKS UNPAVED ROAD LEADS LEADS OilField connects RIVER…
  32. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 32
    MMV: MIDAS BLOCK (GTE 100% W.I.) TOTUMILLO PROSPECT Totumillo Prospect Cuatro Bocas Town ACORDIONERO San Jos Town TOTUMILLO Aguas Blancas Town MAIN ROAD GTEC BLOCKS GTEC BLOCKS OilField UNPAVED ROAD LEADS LEADS…
  33. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 33
    GRAN TIERRA KEY INVESTMENT ATTRIBUTES Transformed Portfolio High Quality Assets Large Resource Base Control of Operations Visible Production Growth Sustainable business model, fully funded by forecasted cash from…
  34. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 34
    Appendix 35
  35. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 35
    COLOMBIA UNDEVELOPED DRILLING LOCATIONS FY2015 vs FY2016 net number of wells FY2016 Undeveloped Reserves per well, Dec 2016 (mmboe) 60 53 2.50 2.0 50 2.00 40 35 1.4 30 1.50 18 0.9 20 1.00 10 1 4 4 0 0.50 1P 2P 3P 1P 2P 3P…
  36. June 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 36
    900, 520 3RD AVENUE SW CALGARY, ALBERTA, CANADA T2P 0R3 Investor Relations 403-265-3221 infograntierra.com 40

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