OTCQB: GSPE Creating Value in the Gulf of Mexico Investor Presentation February 2015
Corporate Snapshot OTCQB GSPE Market Cap (1/21/15) 66.1 MM Shelf Price (1/21/15) 0.10 Avg. 3 Mo. Daily Volume 200,075 GulfSlope Focus Area Shares Outstanding 660.7 MM Deep Water Insider Ownership 40% Established 2013 Focus Area…
Investment Highlights Significant Oil and 2 billion boe of net conventional recoverable resources Natural Gas Exposure 21 blocks with 17 prospects ranging from 30-280 MMboe Gulf of Mexico has some of the lowest breakeven costs in…
Team In Place to Execute Seasoned industry professionals with unparalleled management and technical expertise lead by former Anadarko CEO John Seitz Ron Bain, PhD John Malanga Brady Rodgers Chairman and CEO President and COO VP, Chief…
A History of Value Creation Through Exploration GulfSlope management has a track record of discovering large oil and gas fields utilizing cutting edge technology, leading to significant shareholder value creation Algeria Alaska 3…
New Opportunities Focus on Operations in 2015 Pre-drilling operations started for Phase 1 prospects Preparing to drill as operator, which may change with partnering Corporate Development Current commodity prices and simplified…
3rd Party Resource Report 2 Billion barrels of prospective resources (1) 300 DeGolyer and MacNaughton 5 of the 17 Prospects are Included in Phase 1 Drilling reviewed GulfSlopes 17 Graviton individual prospects: Tau Average size is…
Phase 1 Drilling Program 5 of the 17 prospects have been selected for the initial drilling campaign F&D costs of 3-10 per boe Attractive returns below current oil & gas prices Mean unrisked resource potential of 623 MMboe Phase 1…
How We Compare Gulf of Mexico leads the North American market for lowest cost new oil production Previous deepwater discoveries under development benefit from significant costs spent to date, but new Deepwater Miocene fields breakeven…
Accelerating Shelf Miocene Activity W&T Offshore Walter-W&T Offshore-Castex Apache Mahogany production increases 550% with benefit of Megadolon discovery Discoveries on the shelf have drilling based on new RTM seismic Platform…
Exploring a Proven Petroleum System 420+ MMboe discovered in the 1990s in the Shelf Miocene sub-salt play Conger 243 MMBoe Discovered - 1998 Production - 2000 Hickory 47 MMBoe Discovered - 1998 Production - 2000 Hickory Mahogany…
Shelf Miocene Geology GulfSlope is focused on a proven area of the Miocene where significant fields have been discovered Ultra-Deep Deepwater Miocene & Gas Shelf Miocene Lower Tertiary North Mahogany North Mahogany North North…
Technology has Reduced Entry Costs Large E&P companies no longer have singular access to the most advanced seismic processing technologies Technology Evolution Computing Imaging Seismic Processing Cost Capability Advanced algorithms…
Applying Proven Technology in the Gulf Auger Field Mahogany Field Conger Field Shell adds 140 MMboe to 25 year old W&T Offshore continues to grow Hess doubles reserves with field with new seismic technology the initial Shelf Miocene…
Why We Like the Shelf: Proven Economics What do previous Shelf Miocene fields look like at todays costs and commodity prices Income Actual production history priced on 1/21/15 strip Expenses Modern service costs estimates (mid-year…
Valuation: Cobalt Analog GulfSlope has significant valuation upside vs Cobalt IPO pricing Cobalt GulfSlope At IPO (1/2010) Today (1/2015) GSPE Target Area Regional Focus Sub-salt GoM & W Africa Sub-salt GoM Mgmt History Ex-Unocal &…
Building Momentum GSPE continues to execute on its strategy of exposing investors to multiple high-impact exploration opportunities Drilling Rig Commitment Spud 1st Exploration Well Uplist to Late 15/Early 16 National Exchange…
Investment Highlights Deepwater size prospects at shallow water costs and with shorter cycle times On track to drill late 2015/early 2016 Actively drilling through the oil price downturn with lowest breakeven prices in North…
Investor Relations Contacts OTCQB: GSPE GulfSlope Energy MZ Group Brady Rodgers Derek Gradwell 281.918.4110 512.270.6990 brady.rodgersgulfslope.com dgradwellmzgroup.us www.GulfSlope.com 20
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