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August 2017 Corporate Presentation – Gran Tierra Energy, Inc.

Gran Tierra Energy, Inc. · Aug 3, 2017 · 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. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 1
    A TRANSFORMED PORTFOLIO High Quality Assets Large Resource Base Visible Production Growth Corporate Presentation August 2017 1
  2. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 2
    GRAN TIERRA VALUE CREATION MODEL Focused on full-cycle returns Low decline rates in any oil price environment High netback production Value- High Quality Driven Assets Create Long-Term Shareholder Value Sustainable Profitable…
  3. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 3
    GRAN TIERRA TRANSFORMATION TO GROWTH COMPANY Grow NAV/share1 by 3-5 x in 5 years Exploration Current 3P NAV1: Upside US7.23/share 3P 2P 1P Drill 30-35 Developing exploration wells Acordionero over the next 3 Added 2P/3P…
  4. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 4
    GRAN TIERRA KEY INVESTMENT ATTRIBUTES Consolidated dominant land position in highly prospective, underexplored Transformed Portfolio Putumayo Basin & acquired new core area in prolific Middle Magdalena Valley Basin 100% of…
  5. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 5
    COMPANY SNAPSHOT Market Statistics 2016 Year-End 2P Gross W.I. Reserves (MMBOE)3 Symbol (NYSE American, TSX) GTE Share Price (at close Aug.02/17), NYSE American US2.35 Suroriente Minor Fields 4.0 Daily Trading, 30-day Ave Vol, NYSE…
  6. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 6
    CORPORATE STRATEGY Discovered Resources Undiscovered Resources New Inventory Appraise & develop newly Accelerating N-Sand, Expand/consolidate within acquired fields, including the large A-Limestone, U/T/Caballos Colombia via joint…
  7. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 7
    DELIVERING ON OUR FOCUSED STRATEGY 1 1 Production Growth 2 Reserves Growth1 185 (USmm) (mmboe, W.I., pre-royalties) 21% 169% 105% 116 30.1 24.8 69 57 54% 65 42 Q2/2016 Q2/2017 Dec-15 Dec-16 Actual 1P Reserves 2P Reserves…
  8. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 8
    NET ASSET VALUE 3,000 7.23 Net Asset Value (NAV) Before Tax (USMM, US/share)1 2,855 2,500 Aug 2/2017 1,120 2,000 Share Price US 2.35/share 4.40 1,735 1,500 860 244 231 1,000 2.22 862 876 500 0 Proved Proved Net Debt 1P…
  9. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 9
    2017 YEAR TO DATE HIGHLIGHTS1 August Strong Production Performance at Acordionero 2017 Since acquisition…
  10. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 10
    Core Assets 11
  11. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 11
    MIDDLE MAGDALENA ACORDIONERO (100% WI) 2P Oil Production Forecast (W.I., mbbl/d) Lisama A Structure Current Production = 11 mbbl/d 20 16 15 13 14 mbbl/d 15 12 10 10 8 7 9 6 5 - 2017 2018 2019 2020 2021 2022 2023 2024…
  12. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 12
    ACORDIONERO: MATERIAL PRODUCTION GROWTH1 Aug.23/2016-Jul.31/2017: oil production increased Acquisition of PetroLatina closes; from 4,730 to 11,120 BOPD Gran Tierra assumes operatorship (135%) from drilling 6 development wells, pump…
  13. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 13
    ACORDIONERO FIELD OVERVIEW W AC-2 E Main Unconformity 60+ dip 35 dip Thick, permeable oil pay in Lisama A & C, new discovery in Lisama D; steep dip aid waterflood performance 14
  14. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 14
    ACORDIONERO FORECASTED FULL 2P DEVELOPMENT PLAN* Lisama A Drilling: Structure AC-2 Pad: 4 new producers, 1 new injector AC -2 Pad AC-1 CPF Pad: 3 new producers, 1 new injector AC-1 CPF Central Pad: 4 new producers, 1 new injector…
  15. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 15
    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…
  16. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 16
    COSTAYACO: NEW OIL PLAY, BYPASSED A-LIMESTONE1(100% WI) CYC-29 Horizontal Well Fracture Intensity 6000 ft horizontal length CYC-29 HZ Drilled/Completed Jul/2017 X axis in m, Y axis in ft 6X vertical exaggeration…
  17. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 17
    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…
  18. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 18
    MOQUETA WATERFLOOD OPTIMIZATION Oil Production Increase Increasing fluid handling capacity from 9,000 bbl/d to 16,000bbl/d MQT-10i Injection Optimizing & executing ongoing stimulation program Increased injection 44% via pump…
  19. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 19
    MARKETING & TRANSPORTATION Restructured marketing function, improved netbacks by up to 4.00/bbl Sales netbacks after transportation Lower Mag Basin vary by < 4.00/bbl depending on route Sinu-SJ Basin Acordionero Significant…
  20. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 20
    Exploration 21
  21. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 21
    PUTUMAYO BASIN: UNDEREXPLORED MULTI-ZONE POTENTIAL OIL RESERVOIR ANALOG FIELDS CUMPLIDOR QUINDE Competitive advantages COHEMBI N Sand Regional seismic coverage of 2D & 3D Large contiguous land base Significant multi-zone…
  22. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 22
    PUTUMAYO ADVANTAGE: LARGE SEISMIC DATABASE DEFINES N SAND/A-LIMESTONE PLAYS Costayaco Moqueta Von Cumplidor-Confianza 3D : 1,616 km2 2D : 16,807 km 23
  23. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 23
    2017 COLOMBIA EXPLORATION DRILLING PLAN 1 Well, Sinu Basin 2 Wells, Middle Mag Valley Basin Ayombero-1 Acordionero Totumillo-1 Tonga-1 (Jan/2018 Spud) Moqueta Moqueta 1 Well, Llanos Basin 6 Wells, Putumayo Basin…
  24. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 24
    COLOMBIA EXPLORATION PROJECTS - 2017 Q1 Q2 Q3 Q4 1 well 1 well 3 wells 5 wells Confianza Vonu Siriri Totumillo Tautaco Ayombero Pomorroso Northwest (PUT-7) (PUT-1) (PUT-4) (Midas) (LLA-10) (Midas) (PUT-7) (PUT-7) Nancy 2…
  25. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 25
    PUTUMAYO: GRAN TIERRA CONTROLS LARGE PORTION OF N SAND & A-LIMESTONE FAIRWAYS 2017 Exploration Drilling Moqueta Costayaco Program New o Test seismically defined Discovery N Sands amplitude play Von-1 o Several wells to be…
  26. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 26
    PUT-1 BLOCK (GTE 55% W.I. & OPERATOR) VONU-1 WELL: EXCITING MULTI-ZONE DISCOVERY* 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 TOTAL: 126.7 ft net…
  27. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 27
    PUT-4 BLOCK (GTE 100% W.I.): SIRIRI PROSPECT A Siriri-1 A A Siriri Put 4 Block Prospect P90 A A P10 Siriri-1 exploration well: targeting multi-zone potential in A-Limestone & N Sand fairways in Putumayo 28
  28. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 28
    MIDDLE MAGDALENA VALLEY (MMV) BASIN: MIDAS BLOCK (100% WI) AYOMBERO PROSPECT Dip Line A Ayombero A P90 Middle Mag Basin A A P10 Putumayo Basin Cretaceous seaway connected Putumayo to Magdalena Ayombero-1:…
  29. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 29
    MIDDLE MAGDALENA VALLEY (MMV) BASIN: MIDAS BLOCK (100% WI) TOTUMILLO PROSPECT Dip Line A Totumillo A P90 A A P10 Totumillo Prospect Totumillo-1: targeting potential Lisama Sand structure, south of producing Acordionero…
  30. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 30
    GRAN TIERRA KEY INVESTMENT ATTRIBUTES Transformed Portfolio Lower Mag Sinu-SJ Basin High Quality Assets Basin Middle Mag Basin Large Resource Base lBogota Llanos Basin Control of Operations Visible…
  31. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 31
    Appendix 32
  32. August 2017 Corporate Presentation – Gran Tierra Energy, Inc. – slide 32
    900, 520 3RD AVENUE SW CALGARY, ALBERTA, CANADA T2P 0R3 Investor Relations 403-265-3221 infograntierra.com 36

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