Gulfslope Energy, Inc. · OTC:GSPE
Gulfslope Energy — Shareholder Meeting (June 2014)
12 slides from Gulfslope Energy's shareholder meeting presentation, Jun 2, 2014
Slide 1: GulfSlope Energy Exploring the Gulf of Mexico – Annual Shareholder Meeting
GulfSlope Energy Exploring the Gulf of Mexico May 29th 2014 Annual Shareholder Meeting www.GulfSlope.com
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation may contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “projects,” “expects,” “may,” “goal,” “e
Slide 3: GulfSlope Overview
GulfSlope Overview GulfSlope became an oil and gas exploration company when it adopted its current business strategy in March 2013 in order to exploit the Gulf of Mexico (“GoM”) sub-salt Shelf Miocene Play While the play has been known to industry since the 1990’s when over 350 MMBoe were discovered
Slide 4: Execution to Date
Execution to Date Utilizing regional 3D seismic data with advanced processing, GulfSlope has acquired a significant leasehold position in the Shelf Miocene sub-salt play 1 2007-2013: Proof of Concept • Industry proves effectiveness of RTM and other technologies through sub-salt discoveries worldwide
Slide 5: GulfSlope Focus Area: The Shelf Miocene Play
GulfSlope Focus Area: The Shelf Miocene Play High value assets with large resource potential • High bidder on 22 lease blocks in focus area • Large portfolio of drilling opportunities (prospects) with significant resource potential targeting the oil and condensate prone Shelf Miocene Play • Internal
Slide 6: Evolution of the Shelf Miocene Play
Evolution of the Shelf Miocene Play GoM shelf sub-salt potential was identified in the 1990’s but was unable to be fully exploited due to limits of seismic imaging and drilling technologies Salt is Not the Basement! 1990 • Reservoir quality sand first encountered below salt canopy in 1986 • Identifi
Slide 7: Seismic Processing Improvements
Seismic Processing Improvements Legacy: WEM Processing Modern: RTM Reprocessed Base of salt better defined Additional salt body evident Seismic events and termination now identified
Slide 8: Advancements in Technology
Advancements in Technology Technology Evolution • Seismic Capture – Previously 2D and less advanced 3D seismic were used to identify viable traps – Longer cable lengths, additional geophones and other enhancements utilized today in order to capture large volumes of data to accurately image below sal
Slide 9: Exploring a Proven Petroleum System
Exploring a Proven Petroleum System 350 MMboe were discovered in the 1990s in the Shelf Miocene sub-sale play. GulfSlope has leased multiple prospects in this area exceeding 2Bboe using new seismic technology Tanzanite ~30MMBoe Discovered in 1999 Hickory ~53MMBoe Discovered in 2000 Conger ~175MMBoe
Slide 10: Economics on the Shelf
Economics on the Shelf Shelf Miocene Developments to Date • Large fields: ~200 MMboe nearby direct analog • All fields produced significant oil or condensate • Fixed platform developments • Average 3 Years from discovery to 1 st production • Developments benefit from existing infrastructure Addition
Slide 11: GulfSlope Energy
GulfSlope Energy ü Pure Gulf of Mexico exploration exposure ü Multi-year drilling portfolio with 2 Billion boe of potential recoverable resources * ü Large prospects in shallow water (<1,000 ft of water depth) can generate very attractive returns for shareholders ü Oil and condensate prone area unde
Slide 12: Thank You
Thank You GulfSlope Energy Exploring the Gulf of Mexico GulfSlope.com OTC BB: GSPE Brady Rodgers Vice President 281.918.4110 brady.rodgers@gulfslope.com