Exploiting The Cycle Adopt New Technologies Be Early & Stick to the Cores Goal: Low Breakeven Prices
Time for Contrarian Thinking: Conventional Reservoirs Gulf of Mexico
U.S. Gulf of Mexico Oil & Gas Fields Historical Production 14 Billion Bbls Oil 150 Trillion cu-ft Natural Gas 40 Billion BOE Productive Fields Remaining Producible Reserves 14+ Billion Bbls Oil 60+ Trillion cu-ft Natural Gas 24+…
Gulf of Mexico Core Play-Miocene Subsalt Conventional Reservoirs- High Porosity & Permeability Technology Advances Drilling in Deepwater Drilling to Deeper Depths Completion Improvements Seismic Imaging Breakthroughs Geologic…
GulfSlope Advantage Core Play Team Data Technology Portfolio
Core Play- Miocene Subsalt High Well EURs = Low Breakeven Prices 33/bbl in Deepwater Even Lower on the Shelf
Team Executive Team and Board Years of Experience John Seitz Chairman & CEO 43 Bob Meize VP- Operations 40 John Malanga CFO 40 Charles Hughes VP- Land 38 Clint Moore VP- E&P 40 Felix Acree VP- Business Dev. 36 Rich…
Data
Technology- Seismic Imaging Breakthroughs Computing Imaging Capability Cost Decline Improves Technology Evolution Seismic Processing Faster, Better and Cheaper Processing Techniques Advanced Processing Yields the Most Accurate…
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