Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (April 2012)
18 slides from Grand Gulf Energy's investor presentation, Mar 30, 2012
Slide 1: Investor Presentation April 2012
For personal use only Investor Presentation April 2012
Slide 2: The New Grand Gulf
The New Grand Gulf For personal use only o Since July 2011 Grand Gulf has: o Participated in 2 major discoveries – La Posada and Abita o Brought on stream 2 fields – Abita and Dugas & Leblanc #3 o Sold La Posada interest for US$7.5 million o During 2012 Grand Gulf will participate in 6 High Impact E
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Directors & Management Key Data Charles Morgan Executive Chairman Share Price 0.4c Major Shareholders Mark Freeman Managing Director Market Cap $15m Charles Morgan 19.95% Stephen Keenihan Director Shares on 3.74b Craig Burton 10.21% Issue Allan Boss Director
Slide 4: Exploration and Production
Exploration and Production For personal use only DRILLING & EXPLORATION PROGRAM Program Date Mean and High Case Mean and High * Value of Product Oil (net) MBO Case Gas (net) US$Million BCF Vermilion Drilling 260-430 8.5-14.5 $37 Austin Bayou April 2012 40-60 2.7-4 $8 Desiree April 2012 310-420 - $28
Slide 5: Company Strategy
Company Strategy For personal use only o Project Style o Conventional High Impact Projects (ie big prospects: high IP’s and large well reserves). o Strong 3D prospects with good analogues – prospects are selected based on the quality of the generators 3D, interpretation and analogue data. o Engineer
Slide 6: Resource Growth Potential
Resource Growth Potential For personal use only Resources numbers are based on mid case of estimates of potential 3,000 Goal: Increase reserves to 2,500 2.6 MMBO Pintail West Klondike 2,000 Exploration Leduc Reef ‘000 BOE Desiree 1,500 austin Bayou Vermillion 1,000 D&L#3 Abita 500 - Expected Explora
Slide 7: Area of Operations
Area of Operations 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’ • Recently completed in “M” sand with production at 295 bopd and 700 mmcfd 200’ GROSS 7,000’ 7,000’ 400 000 BBLS • Generating ~ US$250,000 per month net to 7,
Slide 9: Development – Abita, 20% WI
Development – Abita, 20% WI For personal use only Abita, Plaquemines Ph, LA • Well commenced production 15/3/12, with production at 25 bcpd and 1,000 mmcfd on 1/6th choke. • Production to be increased once flow stabilizes. • 1st and lowest sand of the three completed for the initial production seque
Slide 10: Exploration – Vermillion River, Vermilion Ph., LA
Exploration – Vermillion River, Vermilion Ph., LA For personal use only La Posada Style- (7.83% WI) • Recoverable resource potential of 3.3-5.5 MMBC / 110-185 BCFG • Well is presently drilling ahead at 13,500ft • Operator, Walter Oil & Gas Corporation (La Posada partner) • Defined by 3D seismic, in
Slide 11: Exploration/Development Well Austin Bayou, Brazoria County, Texas
Exploration/Development Well Austin Bayou, Brazoria County, Texas For personal use only HRI Well No. 1 (23% WI) • Updip production prospect to spud April • Location presently being built • Targeting 5 separate sands • 40-60 MBO / 2.7-4 BCFG net to GGE • Low risk both in drilling ops and G&G. • Stron
Slide 12: Exploration/Development Well Napoleonville, Assumption Ph., LA
Exploration/Development Well Napoleonville, Assumption Ph., LA For personal use only Desiree # 1 (56% WI) • Targeting an accumulation of oil in a well defined updip block from an interval that produced 2.3 million barrels equivalent. • Accumulation likely to be 600,000 to 800,000 bbls. • 300,000 to
Slide 13: Exploration – Leduc Reef, Lafayette Co., Arkansas
Exploration – Leduc Reef, Lafayette Co., Arkansas For personal use only 14% WI • Well is due to spud May 2012 with 21 days to drill. • Recoverable resource potential of 1-12 MMBO, IP’s estimated at 100-300 BBLS/D • Defined by 3D Seismic, mounded feature and probably bio-carbonate • Analogues for thi
Slide 14: Exploration - West Klondike, Iberville Pa., LA
Exploration - West Klondike, Iberville Pa., LA For personal use only 10.5% WI • Well is due to spud August 2012 • Recoverable resource potential of 2-4.8 MMBC / 6-17 BCFG • Prolific productive sands, targeting 5 separate objectives • US$370,000 dry hole costs • Defined by 3D Seismic • Along trend fr
Slide 15: Exploration – Pintail (High Impact)
Exploration – Pintail (High Impact) For personal use only Pintail prospect, St Martin Parish, LA - (5% WI) • Recoverable resource potential of 2.3-5.5 MMBC / 150-350 BCFG • Defined by 3D seismic, downthrown drag feature, similar to La Posada • Analogue to Laphroaig Discovery (McMoran/Energy XXI) – a
Slide 16: Summary
Summary For personal use only o Grand Gulf is now well funded with $5 million cash o Operating cash flow of over $3 million estimated in 2012 o 6 well fully funded drilling campaign in 2012 o Targeting net reserves of up to 3.3 million BO and 37 Bcf. o Undervalued small market cap ($15m) o Experienc
Slide 17: 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 18: Competent Persons Statement
For personal use only Investor Presentation April 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 re
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