Turning 3.0 Million into 42.1 Million barrels of oil equivalent * and Growing *Net after royalty Proved reserves, 2006 versus 2013 GLJ - December 31, 2013 SEC compliant 95% oil and liquids, gas converted at 6:1 including the recently…
Land 50 35 Blocks Colombia, Peru and Brazil* 40 Exploration Blocks 30 20 10 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014* 10.2 million gross acres* (9.5 million net acres) 4 * 2014 acreage and blocks as at…
Our Competency: Growing Production through Development 8
2015 Delineation & Development Drilling Basin Block Well Colombia Colombia Llanos Garibay Jilguero-3 x7 Putumayo Putumayo Chaza Chaza Costayaco-24 Costayaco-25 x1 Putumayo Chaza Moqueta-19 Peru Brazil Putumayo Chaza…
Our Vision: Growing reserves through Exploration 10
2015 Exploration Drilling Program Basin Block Well Colombia Llanos Garibay Apolo Colombia Putumayo Putumayo Chaza Chimay Piedemonte S. Garza-Somero x4 Peru Putumayo Ucayali Putumayo-1 Block 107 Vonu Osheki x1 Peru…
Growing with Colombia Putumayo Basin 1 landholder, reserve holder and producer Venezuela Costayaco field, production platform Sinu-San funding growth Jacinto Basin Growing reserves and production at Llanos the Moqueta field Basin…
Putumayo Basin Core Position Under-explored basin Dominant land position in foothills trend 10 Blocks 646,453 Gross Acres 542,507 Net Acres 3 Exploration wells Delineation/ 6 Development wells 13
Costayaco Field Core Asset Colombia Bogot Reserves and Production Platform Putumayo Basin Reserve growth (gross) before royalty & production Improving Recovery Growing Reserves Costayaco Light and Medium Oil Reserves (NAR):…
Moqueta Oil Discovery Growing the Platform Reserve growth (gross) before royalty & production New Reserves Near Term Growth Moqueta Light and Medium Oil Reserves (NAR): MMBO MMBO Reserves Category (SEC) (NI51-101) Proved 10.0…
Expanding Position Building the Portfolio, Growing Upside Moqueta Moqueta Sinu-San Jacinto Basin Eslabon Moqueta Putumayo Basin New exploration concept in a East North West Dominant exploration proven petroleum system Moqueta…
Elephant hunting in Peru Putumayo Basin Colombia Ecuador Blocks 123 & 129 Iquitos Maraon Basin Mid Term Growth Pipeline Opportunity Block 95 Andes Peru Brazil Mountains 5.7million gross acres Blocks 133 & 107…
Block 95 Bretaa Oil Discovery Peru Board of Directors approved proceeding New Reserves Mid Term Growth with development in January, 2014 Bretaa Oil Reserves (NAR): MMBO MMBO FEED (Front End Engineering Design) Reserves Category (SEC)…
Exploration Success Establishes Mid-Term Growth Peru Reservoir structure map above Bretaa Norte 95-2-1XD Bretaa-1x oil-water contact 99 foot gross (53 foot net) oil North Bretaa Norte 95-2-1XD column Lobe Central Bretaa Sur…
Blocks 133 and 107 The Elephant Hunt Continues Peru Block 107 and 133 New 2D seismic acquired, six new Aguaytia Condensate prospects and leads identified Field Osheki-1 exploration well expected to be drilled in 4Q2015 Agua…
Blocks 123 and 129 The Elephant Hunt Continues Peru Blocks 123 & 129 Immediately up-dip and along strike from prolific Maraon producing fields New 2D seismic acquired, thirteen new prospects and leads identified Drilling in…
Brazil Foothold Established Modern Concepts & Technology in Old Basin 100% WI in 7 blocks Foz do Amazonas Basin 47,733 gross acres Para-Maranhoa Basin 2P NAR reserves in the Ti field Barreirinhas Basin increased 48% to 4.9 MMBO…
Corporate Social Responsibility Key to success CSR plan committed to conduct business in a socially, ethically and environmentally responsible manner Areas of activity include: Health Vaccination/Immunization programs Health…
2015 Capital Program and Q3 2014 Working Capital 360.4 Cash 310 Million* and Cash Equivalents** Includes 2mm in corporate activities 2015 Capital Program Million Colombia 156mm Peru 118mm Brazil 34mm 329.1 Working Million…
Investment Highlights Land 10.2 MM acres gross Reserves 42.1 MMBOE Proved* Production from Continuing Operations 19,297 BOEPD NAR before inventory adjustments (Q3 2014 average) Exploration and Development 13 new wells (2015)…
Company summary Symbol (NYSE MKT, TSX): GTE Headquarters: Calgary, Canada Year End: December 31 Basic Shares Outstanding1: 286 million Diluted Shares Outstanding2: 288 million of Employees: 450 Director & Officer…
300, 625 11th Avenue SW Calgary, Alberta T2R 0E1 27
Glossary of Terms Glossary of Terms bbl: Barrel bo: Barrels of Oil bopd: Barrels of Oil per Day LTT: Long-Term Test MM: Million MMbbl: Million Barrels of Oil MMboe: Million Barrels of Oil Equivalent MMcf: Million Cubic Feet NAR: Net…
Appendix Three Months Ended Nine Months Ended September September 30, 30, Funds Flow From Continuing Operations - Non-GAAP 2014 2013 2014 2013 Measure (000s) Net income 44,184 33,057 98,450 138,753 Adjustments to reconcile net…