Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (November 2012)
15 slides from Grand Gulf Energy's investor presentation, Nov 14, 2012
Slide 1: Investor Presentation Nov 2012
For personal use only Investor Presentation Nov 2012 Investor Presentation April 2012
Slide 2: The New Grand Gulf
The New Grand Gulf For personal use only o Strategy – Take working interests in o 2012 gross production revenue was meaningful onshore Gulf Coast $3.7m conventional prospects with requisite risk o Exploration drilling program is targeting and reward. additional net reserves of up to 1.1 o Since July
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 Executive Director Shares on 3.74b Craig Burton 7.0
Slide 4: Exploration and Production
Exploration and Production For personal use only DRILLING & EXPLORATION PROGRAM Program Date Mean & High Case Mean & High Case * Product Value Oil (net) MBO Gas (net) BCF US $Million Desiree 35.6% Drilling 280-360 5.34-10.68 $38-$58 W. Klondike 10.5% Nov/Dec 210-500 0.6-1.7 $19-$46.5 2012 S Welsh 10
Slide 5: Company Strategy
Company Strategy For personal use only o Project Style o Meaningful Conventional Prospects. o Strong 3D prospects with good analogues – prospects are selected based on the quality of the generators 3D, interpretation and analogue data. o Engineering –drilling risk is well understood and minimised an
Slide 6: Resource Growth Potential
Resource Growth Potential For personal use only Resources numbers are based on mid case of estimates of potential Goal: 1,800 Increase reserves to 1,600 1.6 MMBOE 1,400 Louise 1,200 Exploration Port Hudson ‘000 BOE 1,000 S Welsh 800 West Klondike Desiree 600 D&L#3 400 Abita 200 - Expected Exploratio
Slide 7: The Grand Gulf Portfolio
The Grand Gulf Portfolio For personal use only LOUISIANA ASX Code l GGE 7
Slide 8: Production – Dugas & Leblanc #3
Production – Dugas & Leblanc #3 For personal use only Dugas & Leblanc #3 D&L Well #3 D&L Well #1 D&L Well #2 D&L DISCOVERY 6,900’ Msd -6,900’ • Production at 210 bopd, 320 mcfgd & 52 BSW on 9/64th choke. 200’ GROSS 7,000’ 7,000’ 320 000 BBLS • Generating ~ US$170,000 per month net to 7,100’ -7,071’
Slide 9: Development – Abita, 20% WI
Development – Abita, 20% WI For personal use only Abita, Plaquemines Ph, LA • Presently completing 29 sand, well expected to be back on production in 30 days. • Attempts to place the lower 30 sand back on production were unsuccessful. • 7 Remaining unproduced sands representing estimated recoverable
Slide 10: Exploration/Development Well – Napoleonville
Exploration/Development Well Napoleonville, Assumption Ph., LA For personal use only Desiree # 1 (35.6% WI) • Well presently drilling ahead at 10,959 ft. • Well is expecting to reach Cris R II during the next week. • Well is targeting 800,000 - 1 million bbls oil and 15-30 BCFG. • Development well i
Slide 11: Exploration - West Klondike, Iberville Pa., LA
Exploration - West Klondike, Iberville Pa., LA For personal use only 10.5% WI • Well is due to spud Nov/Dec 2012. • Turnkey rig contract secured with Precision Drilling. US$370,000 dry hole costs • Location is presently being completed. • Recoverable resource potential of 2- 4.8 MMBC / 6-17 BCFG • P
Slide 12: S Welsh and Port Hudson
S Welsh, Port Hudson, Jeff Davis Ph., LA E. Baton Rouge, LA For personal use only Development Style- (10.5% WI) Development Style- (15% WI) • Recoverable resource potential of • Recoverable resource potential of 450,000 bbls oil. 270,000-500,000 bbls oil. • Rig is on location and well is due to • We
Slide 13: Summary
Summary For personal use only o Grand gulf has a high potential, high quality drilling program of 4 wells through to the end of 2012 o Grand Gulf is funded for the balance of its drilling programme this year o Gross operating revenue of $3.7 million in 2012 year with NPAT of $3m o Targeting net rese
Slide 14: 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 15: Competent Persons Statement
For personal use only Investor Presentation Nov 2012 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 resp
Grand Gulf Energy — Investor Presentation (November 2012) on 6ix