Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (February 2011)
15 slides from Grand Gulf Energy's investor presentation, Feb 24, 2011
Slide 1: Investor Presentation Feb 2011
For personal use only Investor Presentation Feb 2011 This presentation Thi t ti h has b been preparedd by b Grand G d Gulf G lf Energy E Li it d (“Grand Limited (“G d Gulf” G lf” or the th “Company”) “C ”) and d is i being b i provided id d for f the th sole l purpose off providing idi preliminary l
Slide 2: Corporate Snapshot
Corporate p Snapshot p For personal use only Corporate Overview Key Data o Experienced petroleum Share Price 0.6c Major Shareholders management team. ASX Code GGE Craig Burton 11.1% o Operated O t d 40% interest i t t in i GGEO Market Cap AUD$7m Jim Trimble 10.2% Napoleonville Salt Dome with Proprie
Slide 3: Company Overview
Company p y Overview For personal use only Obj ti Objectives att Napoleonville N l ill o Use Good People p - Experienced p Geologist, g , Geophysics p y and Reservoir Engineers. o Manage & Grow Science – Proprietary 3D Seismic recently reprocessed. Detailed Subsurface Control. o Develop multi BCF/ M
Slide 4: Board & Management
Board & Management g For personal use only Mark Freeman Charles Morgan Stephen Keenihan Allan Boss Jim Trimble Executive Director Chairman Director Director Director Mr Freeman is a Mr Morgan is an Mr Keenihan is a Mr Boss is a Houston- Mr Trimble has more Chartered Accountant experienced resources
Slide 5: Project Team
Project j Team For personal use only K C Whittemore K.C. Ruble Clark Kevin Kenning Geology Geophysics Resevoir Engineering KC Whittemore is a Mr. Kenning is a geologist with 35 years Ruble Clark received a Registered Professional of experience in the oil B.S (1969) in Physics Engineer B.Sc., in and
Slide 6: Portfolio of Assets
Portfolio of Assets For personal use only Arkansas East Carroll Webster Bossier Claiborne Union Morehouse LOUISIANA Caddo Shreveport Lincoln Monroe Ouachita Madison Bienville Jackson Red Caldwell Franklin D Soto De S t River Ri Tensas Winn Natchitoches La Salle Catahoula Concordia Grant Sabine Texas
Slide 7: La Posada – 10.3 MMBL/302 BCF
La Posada – 10.3 MMBL/302 BCF For personal use only Background g • 10.3 MMBC & 302 BCF most likely reserve potential, up to 40 MMBC & 1.1 TCF highside potential. • High production rates up to 40 mmcfg & 2,500 BC/day per Well. • Multiple pay sands . • Existing Infrastructure & Project cost reduction
Slide 8: Why Napoleonville?
Why y Napoleonville? p For personal use only • Proven productive field with offset and undrilled leases. • High historical rate of development and exploration success. • Large inventory of prospects & leads for long term drilling campaign. • Balanced portfolio of shallow, low risk drilling in additi
Slide 9: Napoleonville Salt Dome History
Napoleonville Salt Dome History 20 MMBO and d 180 BCF gas For personal use only North South The majority of sands (Cris R) are found on the north The South of the Dome flank and account for the remains relatively unexplored. most of production. D&G found in the South East Subsurface control along fl
Slide 10: D&L#3 - Next Development Well
D&L#3 - Next Development Well For personal use only Background g • D&L#3 will be drilled as an updip follow-up well to D&L#1 (blowout well) and D&L#2. • The updip well will target the gas right sands in the “O” and “N” interval first followed by the stinger and M sand. • Duel completion is possible
Slide 11: Oil Play – Desiree #1
Oil Play – Desiree #1 For personal use only Objectives j • Chasing an accumulation of oil Proposed Location in a well defined updip block from an interval that produced 2.3 million barrels equivalent. q Key well Abandoned due to • Accumulation likely to be mechanical problems – undrained oil remains
Slide 12: Amplitude Play – Josephine #1
Amplitude Play – Josephine #1 For personal use only Objectives j Proposed Terms & Specs Location • This amplitude anomaly is a similar response anomaly to • 39.5% WI. the Dugas & Leblanc Discovery. y • 75% NRI. • Reserve is estimated at Key well • GGE Share of well costs 2.3 MMBO 5BCFE. $500k. • Low
Slide 13: Upcoming Drilling Activity
Upcoming p g Drilling g Activity y For personal use only Josephine D&L#3 39.5% WI D&L #3 La Posada Desiree #1 #1 • Est Spud date is Mar/April 2011. • PUD, targeting 4 productive sands • Updip from recently tested D&L#2. • Low risk, low cost, immediate cashflow. hfl La Posada 4.75WI% • Est Spud date
Slide 14: Strategy Overview
Strategy gy Overview For personal use only To maximise return on shareholder funds in oil and gas project exploration and development Cashflow Geological & Geophysical Low risk / high impact Low Cost pe t se focused Expertise ocused drilling L Low Risk Ri k Highly experienced G&G team, D&L #2 commen
Slide 15: Investor Presentation 2011
For personal use only I Investor t P Presentation t ti 2011 COMPETENT PERSONS STATEMENT: The information in this report has been reviewed and signed off by Mr KC Whittemore (Registered Geologist, Texas USA), with over 36 years respective relevant experience within oil and gas sector..
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