Gran Tierra Energy Inc. · AMEX:GTE
Gran Tierra Energy — RBC Global Energy and Power Conference (May 2009)
14 slides from Gran Tierra Energy's conference presentation, May 29, 2009
Slide 1: RBC Global Energy and Power Conference - Latin America Panel
GranTierra energy inc. RBC Global Energy and Power Conference Latin America Panel Riding the Upstream Spending Wave June 1, 2009
Slide 2: Disclaimer
Disclaimer GranTierra This presentation matorial contains forward-looking statements and forward looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. T
Slide 3: Growth
Growth Land . gu iA = + 6.3 million acres gross 5 20 = + 24 blocks, 22 operated H . iH 5 8 2005 2006 2007 2008 2009" Reserves _2 + 19.2 million barrels oil 28 Proved net after royalty fo gs = e 2005 2006 2007 +2008" Production = + 10,390 BOPD net after royalty Q1 2009 + 14,000 - 16,000 BOPD j throug
Slide 4: South American Operations - By the numbers
South American Operations - By the numbers Colombia Production Platform 17.7 million barrels net proved reserves Putumayo 14,000 approximately BOPD NAR Basin 63 leads and prospects 1.27 million acres gross (0.88 mm net)* Peru Elephant Hunting 20,000 km airborne survey completed 24 leads and prospect
Slide 5: How was this growth achieved?
How was this growth achieved? GranTierra ( e Host governments aligned with the needs of independents + Proven petroleum systems + Attractive fiscal terms + Stable legal systems - Active deal flow e Typically found in countries = with: + Declining reserves + Declining production + Progressive governm
Slide 6: Colombia - Costayaco Field
Colombia - Costayaco Field Reserves and Production Platform Ns Costayaco Light and Medium Oil Reserves Net After Royalty* Reserves Category MMbbi Total Proved 14.7 Total Probable 6.7 Total Proved Plus Probable 2125; Total Possible 14.7 Total PPP. 36.2 Planning 19,000 BOPD gross plateau production 4Q
Slide 7: Costayaco (Chaza Block) Netbacks Per Bbl
Costayaco (Chaza Block) Netbacks Per Bbl Cash flow generator funding growth WTI WTI Discount (1) Royalty (8.31%) (2)(3) 3° party NPI royalty Economic Rights (acreage fee) Operating costs (4) Operating netback (before tax) Colombian income tax rates: 33% Based on 2009 budget average GranTierra' $60.0
Slide 8: Elephant hunting in Peru
il itl ae Elephant hunting in Peru The Maranon Basin 1 Billion Barrels Recoverable
Slide 9: Blocks - At the Top of the Arch
Blocks 122 & 128 - At the Top of the Arch 2 Blocks 100% Gran Tierra 3.4 million Acres Seismic (2009 & 2010) Exploration wells (2010) 500 km Petrobras Up to 4 * Blocks 122 and 128 are a likely focal point for petroleum ration from adjacent Marafon basin « Environmental impact 2 £ z 9 Go 8 =f 6 (3) as
Slide 10: Peru Fiscal Regime Summary
Peru Fiscal Regime Summary erie Supporting Exploration =e Royalty-tax contract structure e Royalties Daily production Royalty % <5,000 bopd 5% 5,000-100,000 5%-20% (sliding scale) >100,000 bopd 20% Transportation costs are deductible for royalty calculation Income tax 30% Taxable income deductions:
Slide 11: 2009-2010 Exploration Drilling Program
2009-2010 Exploration Drilling Program Basin Block Well 2009 2010 Ss /ssislals Colombia 3 5 Peru Block 28 14 exploration wells 180 MMBO net risked resource potential* “Management estimate Putumayo x7 Marafion "
Slide 12: Positioned for continued growth
Positioned for continued growth GranTierra ‘energy ine, GranTierra’ energy inc. Strong land position with 6.3 million gross acres 129 leads atid prospects Colombia Peru Argentina Reserves, production Giant oil-field option value and cash flow exploration potential platform; plus exploration No debt
Slide 13: Summary - Success comes from First Principles
Summary - Success comes from First Principles crantierra() Host governments aligned with the needs of industry participants Fiscal terms balanced with prospectivity « Stable legal systems « Transparent and efficient access to land « Active deal flow Independents are succeeding in international, in c
Slide 14: crantiorra(_)
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