Gulfslope Energy, Inc. · OTC:GSPE
Gulfslope Energy — 2018 Louisiana Energy Conference
12 slides from Gulfslope Energy's conference presentation, May 30, 2018
Slide 1: Leading the Gulf of Mexico Recovery
OTCQB: GSPE Leading the Gulf of Mexico Recovery 2018 Louisiana Energy Conference May 30, 2018
Slide 2: Forward-looking statements
2 This presentation may contain forward - looking statements about the business, financial condition and prospects of the Company. Forwar d - looking statements can be identified by the use of forward - looking terminology such as “believes,” “projects,” “expects,” “may,” “goal,” “estimates,” “shoul
Slide 3: World Class Opportunity
3 World Class Opportunity • Delek Group, Ltd. secured as partner for drilling portfolio • Anticipate a minimum of two wells to be drilled in 2018 • High specification jackup rig contracted for initial drilling 2018 Drilling Program Underway • Nine well portfolio ready - to - drill with over 1 billio
Slide 4: Focused on Proven Subsalt Miocene Play
4 Focused on Proven Subsalt Miocene Play Mahogany >60+ MMBoe Discovered 1 St Prod 1993 1997 Hickory >75+ MMBoe Discovered 1 St Prod 1998 2000 Conger >250+ MMBoe Discovered 1 St Prod 1998 2000 Conger Enchilada Tanzanite Tarantula Hickory Mahogany Monazite Teak Agate Conger Field 250+ MMBOE Cardamom F
Slide 5: Proven Reservoirs Comparable to Deep Water
5 Proven Reservoirs Comparable to Deep Water Thick slope and basin floor sands were distributed across the shelf and deepwater – proven by multiple wells
Slide 6: World Class Partner
6 World Class Partner Summary of Farmout Terms • Minimum commitment by Delek to drill two exploratory wells in Phase 1 ‒ Partnership has selected Canoe Shallow and Tau prospects to be drilled ‒ Delek has the option to participate in multiple additional two - well phases • Delek paying 90% of explora
Slide 7: Canoe and Tau Prospects
7 0 5 10 15 20 25 30 35 Canoe (2) Canoe Tau Months Drilling Development Regulatory/POD Production • 18MMBOE prospect with $178MM NPV 10 » 3.6MMBOE with $33MM NPV 10 net to GulfSlope • $4.6MM dry hole cost – 5,500ft drilling depth » $370k dry hole cost net to GulfSlope • Direct hydrocarbon indicators
Slide 8: High Impact Drilling Portfolio
8 Prospects Canoe Shallow Corvette Graviton Photon Pomeron Quark Tachyon Tanker Tau Total / W. Avg. EUR (MMBOE) 18 70 190 88 32 156 112 89 301 1,050 Drill Depth 5,500’ 22,500’ 25,000’ 19,000’ 15,000’ 23,000 19,000’ 25,000’ 26,000’ Water Depth 320’ 300’ 325’ 405’ 325’ 430’ 415’ 325’ 280’ Percentage O
Slide 9: Value Proposition
9 Value Proposition $178 $3,826 $4,524 $5,590 $6,689 $6,839 $8,917 $10,318 $11,437 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 Canoe Shallow Tau Corvette Graviton Photon Pomeron Quark Tachyon Tanker $ Millions Prospect Net Present Value @ 10% Cumulative NPV @ 10% NPV @ 10% Phase 1 Resourc
Slide 10: GulfSlope Energy contact
OTCQB: GSPE GulfSlope Energy John H. Malanga 281.918.4103 john.malanga@gulfslope.com www.GulfSlope.com
Slide 11: GulfSlope's Goldilocks Zone Play Area
11 GulfSlope’s “Goldilock’s Zone” Play Area SaltSalt Salt LowerTertiary UpperMiocene Salt Salt Salt Plio-Pleistocene SupraSalt 30,000' 20,000' 10,000' 0 Shelf Deepwater North South LowerTertiary Target Zone 5000' 15,000' 25,000' Lower Miocene LowerMiocene LowerMiocene UpperMiocene Upper Miocene Lafi
Slide 12: Delta Sands Feed Slope Basin Fans & Channels
12 Delta Sands Feed Slope Basin Fans & Channels Major Delta Sands Basin Floor Sands Intraslope Basin Fan & Channel Sands Intraslope Basin Fan & Channel Sands GulfSlope