A TRANSFORMED PORTFOLIO High Quality Assets Large Resource Base Visible Production Growth Corporate Presentation August 2017 1
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…
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…
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…
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…
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…
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…
2017 YEAR TO DATE HIGHLIGHTS1 August Strong Production Performance at Acordionero 2017 Since acquisition…
Core Assets 11
MIDDLE MAGDALENA ACORDIONERO (100% WI) Lisama A Structure Full 2P Development 2P Oil Production Forecast (W.I., mbbl/d) Current Production = 11 mbbl/d AC -2 Pad 20 16 15 13 14 mbbl/d 15 12 10 AC-1 CPF 10 8 7 9 6 5 -…
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…
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…
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…
Exploration 16
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…
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…
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…
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…
PUTUMAYO ADVANTAGE: LARGE SEISMIC DATABASE DEFINES N SAND/A-LIMESTONE PLAYS Costayaco Moqueta Von Cumplidor-Confianza 3D : 1,616 km2 2D : 16,807 km 25
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 26
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:…
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…