Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (November 2013)
16 slides from Grand Gulf Energy's investor presentation, Nov 28, 2013
Slide 1: Investor Presentation November 2013
For personal use only Investor Presentation November2013 Investor Presentation April 2012
Slide 2: Executive Summary
Executive Summary For personal use only o Successful Explorer with 5 discoveries since 2011 o Strong Financial Position o Gross Revenue for 2013 was ~$3.5m. o Monthly net op revenue of ~$450,000 per month. o $1.2 million cash in hand o Further drilling opportunities targeted by our disciplined testi
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Directors & Management Key Data Charles Morgan Executive Chairman Mark Freeman Managing Director Share Price 1.3c Major Shareholders Stephen Keenihan Director Market Cap $10m Charles Morgan 20.25% Allan Boss Executive Director KC Whittemore Senior Geologist S
Slide 4: Exploration and Production
Exploration and Production For personal use only PRODUCTION Program Status / Mean & High Case Mean & High Case * Product Value Date Oil (net) MBO Gas (net) BCF US $Million Desiree 35.6% Producing 339 .18 $30 W. Klondike 10.5% Completing 12-60 .05-.15 $1-$5 D&L#3 40% Producing 30 .1 $3 Abita 20% Prod
Slide 5: Company Strategy
Company Strategy For personal use only o Strategy o Since 2010 Grand Gulf has been targeting conventional High Impact Projects in North America with excellent success (la Posada, Desiree, D&L, Abita, West Klondike). o The Company has focussed on: o Strong 3D prospects with good analogues – prospects
Slide 6: The Grand Gulf Portfolio
The Grand Gulf Portfolio For personal use only LOUISIANA ASX Code l GGE 6
Slide 7: Resource Growth Potential
Resource Growth Potential For personal use only Resources numbers are based on mid case of estimates of potential Goal: Increase 600 reserves to 560 MBO Exp. 500 Testing 400 Louise ‘000 BOE West Klondike 300 Desiree D&L#3 200 Abita 100 - Expected Exploration and Testing Program ASX Code l GGE 7
Slide 8: Exploration Well - Louise Prospect
Exploration Well - Louise Prospect, (15.5% WI) For personal use only Templett #1, Assumption Ph. LA • This prospect was developed from proprietary 3D seismic by the Company’s in house Geological and Geophysical team • The prospect follows the same style as Desiree and is located to the immediate sou
Slide 9: Production – Hensarling #1, Desiree Field
Production – Hensarling #1, Desiree Field For personal use only Napoleonville, Assumption Ph. LA 35.6%WI • Well was drilled and commenced production on 3 July 2013 • In September 2013 the well was placed on jet pump and is presently producing an average of 385 bbls oil per day • The well is netting
Slide 10: Production – Dugas & Leblanc Field
Production – Dugas & Leblanc Field For personal use only Napoleonville, Assumption Ph. LA 40%WI D&L Well D&L Well D&L Well #3 #1 #2 D&L D&LDISCOVERY FIELD 6,900’ Msd -6,900’ • Production at 165 bopd and 519 mcfd. 200’ GROSS 7,000’ 7,000’ • Generating ~ US$130,000 per month net to GGE. 83000 400 MBO
Slide 11: Production – SL19706 #1, Abita Field
Production – SL19706 #1, Abita Field For personal use only Abita, Plaquemines Ph, LA 20%WI • The well is presently producing from the 18 Sands at a rate of 1.4 mmcfd and 12 bopd. • Presently netting $25,000 per month to the Company. • Remaining reserves at 30 June 2013 were 50 MBC and 2.4 BCFG • Pot
Slide 12: Development – A Wilbert Sons #1, West Klondike Prospect
Development – A Wilbert Sons #1, West Klondike Prospect For personal use only West Klondike, Iberville Ph. LA 10.5% WI • Discovery well logged 45ft of pay over 3 intervals. • Well was flow tested in the lower interval at over 2 mmcfd plus condensate. • Well is expected to be placed on production 1st
Slide 13: Napoleonville Salt Dome Development
Napoleonville Salt Dome Development For personal use only Prospect Development • The Napoleonville Salt Dome (Dome) has provided 2 lucrative producing fields and the Company is set to drill Louise (a development well) in the 1st Qtr 2014. • The Company has been advised by Petrodome that they will be
Slide 14: Summary
Summary For personal use only o Grand Gulf is presently generating monthly net revenues of ~$450,000 ($5.4m per annum) o Self funded for exploration and development o Targeting net recoverable reserves of 560,000 BOE in current portfolio and presently expanding its conventional portfolio of assets.
Slide 15: Disclaimer – Important Notice
Disclaimer – Important Notice For personal use only This document has been prepared by Grand Gulf Energy Ltd ABN 22 073 653 175 (“Grand Gulf"). This presentation contains certain statements which may constitute "forward-looking statements". It is believed that the expectations reflected in these sta
Slide 16: Competent Persons Statement
For personal use only Investor Presentation November2013 COMPETENT PERSONS STATEMENT: The information in this report has been reviewed and signed off by Mr KC Whittemore (Registered Geologist, Texas USA), and Kevin Kenning (Registered Resevoir Engineer) with over 36 and 30 years relevant experience
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