GMT EXPLORATION COMPANY ACQUISITIONS EXPLORATION PRODUCTION Enercom 2018
GMT Exploration Company 50% Sale Feb. 18 100 MM 2nd 50% sale June 2019 Emerging Opportunity 112 MM GMT Production Sold May 2017 350 MM 2017 Actual 2018 Budget forecast Production (MBOE) 467 MBOE 120 MBOE EBITDAX…
GMT GMT Explorations Attributes Exploration Company Focused, Oil & Gas Assets Current 2nd Q Net Rate 2.0 MMCF/D & 10 BOPD Closed New Mexico Delaware Position 2nd Q 2017 350 MM Paid off debt, distributed 210 MM to partners, kept 100…
GMT Exploration Company GMT Historical Sales Transaction Summary Cumulative Gains from Property Sales Proceeds from Sale Cost per Book Gain on Property name Gross GMTX Net Books Property sale North Slope - 2004 153,846,154…
GMT Exploration Company New Opportunities DJ Basin Land acquisition 3D seismic Preliminary drilling mid 2019 Alberta Zama Basin Land acquisition largely completed 3D seismic interpretation 2nd Q 2018 Exploratory drilling late…
GMT DJ Basin Exploration Company Tudor Pickering Central Wattenberg 26 MMBO/Sec DIA GMT Acreage Box
DJ Basin Type Log Stratigraphic Column RT 6% 30 Res 30 Niobrara Pierre Niobrara A Shale Chalk/Marl Source Rock Niobrara A Chalk Nio B1 Source Rock Niobrara B Chalk Source Rock Niobrara B Chalk Niobrara C Chalk Source…
GMT Exploration ZAMA BASIN Project Company NW ALBERTA Modern Example Pinnacle Reef
GMT Devonian Paleo-Geographic Reconstruction: Exploration Company Keg River Sub-Basin Development
GMT Exploration Company ZAMA BASIN STATIGRAPHIC COLUMN Keg River Reef
GMT Exploration Company Zama Production 59 Confirmed Zama Only Producers Average Vertical Production 145 MBOE (90% Oil) Average Vertical Well cost 1.7-2.5 MM CDN At 50 /BO WTI - IRR 25-70%, Half Cycle Economics 12-24 Month…
GMT Exploration Legacy Gas Assets Company Wind Dancer - WY huge inventory of natural gas drill sites Masterson - WY premium pricing from local industry Evaluate Disposition- Masterson Horizontal Drilling Wind Dancer
GMT Northern Green River Exploration Company Basin Sweetwater County Wyoming Wind Dancer Area Masterson Area
GMT Northern Green River Basin Exploration Sweetwater County Wyoming Company Structure Map Top Asquith Marker Lewis Shale BP and Southland Royalty GMT Wind Dancer Field Staked and Producing Horizontal With Staked Locations Wells…
GMT Exploration Company BP Horizontal Wells Completion Recap Champlin J 9-20H Champlin L 11- Luhan 10-45H Luhan 10-40H 20H Formation Almond Almond Almond Lewis Completion Type Plug and Perf Sliding Sleeve Sliding Sleeve Plug and…
GMT Exploration North Slope Company North Slope 2018 Sold 50% of AOG/GMT Position Feb 2018 (400 MM) Phase 1 Permitting Roads, Pads, ROW Cook Inlet EIS ROD Late Summer 2018 Optional 2nd Half Sale June 2019 (450 MM) AOG/GMT…
GMT 2018 Delineation Drilling Exploration Company Nanushuk Mega-Trap Nanushuk 3 & 2 Zones Depth: 4,000-4,600 Oil Column: 650 Field Extent: 10 x 45 miles EUR: 2.0-4.6 BBO Most likely EUR = 3.3 BBO (25% RF) Conoco Putuu…
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