Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (April 2013)
16 slides from Grand Gulf Energy's investor presentation, Apr 23, 2013
Slide 1: Investor Presentation April 2013
For personal use only Investor Presentation April 2013 Investor Presentation April 2012
Slide 2: The New Grand Gulf
The New Grand Gulf For personal use only o Since 2011 Grand Gulf has: o Exploration portfolio at Napoleonville with o Participated in 5 discoveries – La Louise targeting an updip development Posada, D&L, Abita, Desiree and West well with 600,000 bbls oil potential Klondike o Future exploration poten
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Directors & Management Key Data Charles Morgan Executive Chairman Share Price 0.3c Major Shareholders Mark Freeman Managing Director Market Cap $11m Charles Morgan 20.25% Stephen Keenihan Director Allan Boss Director Shares on 3.74b Craig Burton 16.45% Issue
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% Testing 339 .18 $27 W. Klondike 10.5% Testing 11-60 0.05-0.15 $1-$4.5 D&L#3 40% Producing 92 0.37 $8 Abita 20% Pro
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 good succcess. o The Company has focussed on: o Strong 3D prospects with good analogues – prospects are selected based on the quality of the generators
Slide 6: Resource Growth Potential
Resource Growth Potential For personal use only Resources numbers are based on mid case of estimates of potential Goal: Increase reserves to 800 760 MBO Exp. 700 600 Louise Testing ‘000 BOE 500 West Klondike 400 Desiree D&L#3 300 Abita 200 100 - Expected Exploration and Testing Program ASX Code l GG
Slide 7: The Grand Gulf Portfolio
The Grand Gulf Portfolio For personal use only LOUISIANA ASX Code l GGE 7
Slide 8: Development – Hensarling #1, Desiree Prospect
Development – Hensarling #1, Desiree Prospect For personal use only Napoleonville, Assumption Ph. LA 35.6%WI • December 2012 Discovery well logged 80ft of pay in the Cris R II & III. • Unitisation was held on 16 April 2013 and completion and flow testing will now proceed. • A rig is anticipated to b
Slide 9: 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 • December 2012 Discovery well logged 45ft of net pay over 3 intervals • A rig is anticipated to be on location in by 24 April 2013. • Reservoir expected to contain 115,000-570,000
Slide 10: Production – Dugas & Leblanc #3 well
Production – Dugas & Leblanc Prospect #3 well For personal use only Napoleonville, Assumption Ph. LA 40%WI D&L Well D&L Well D&L Well #3 #1 #2 D&L DISCOVERY 6,900’ Msd -6,900’ • Producing in the “M” sand with production at 175 bopd and 450 mcfd 200’ GROSS 7,000’ 7,000’ • Generating ~US$150-160,000 p
Slide 11: Development – SL19706 #1, Abita Prospect
Development – SL19706 #1, Abita Prospect For personal use only Abita, Plaquemines Ph, LA 20%WI Production Gas is very rich and high in NGL’s. • Well commenced production in 19 sand on 22/1/13, production was increased to 40 bbls condensate and ~2 mmcfg, netting GGE around $35,000 per month. • Recent
Slide 12: Exploration/Development Well Louise #1
Exploration/Development Well Louise #1, (22% WI) For personal use only Louise, 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 south.
Slide 13: Napoleonville Exploration Joint Venture
Napoleonville Exploration Joint Venture For personal use only All prospects (22% WI) • In December 2011 the Company entered into a Joint Venture with a medium sized onshore Texas company to develop and explore for hydrocarbons at its proprietary 3D Napoleonville Project • GGE presently has a carried
Slide 14: Summary
Summary For personal use only o Grand Gulf is funded for completion of Desiree and West Klondike o The Company is targeting monthly net revenues of ~$450,000 ($5.4m per annum) with Desiree and West Klondike on production o Gross Revenue from 1 July to 31 March 13 was $2.8m. o Targeting net recoverab
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 April 2013 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 re
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