Grand Gulf Energy Limited · ASX:GGE
Grand Gulf Energy — Investor Presentation (June 2014)
9 slides from Grand Gulf Energy's investor presentation, June 2014
Slide 1: Investor Presentation June 2014
Investor Presentation June 2014 Investor Presentation April 2012
Slide 2: Executive Summary
Executive Summary o Successful Explorer with 5 discoveries since 2011 = four producing wells and one sold for $7.5m o Production of 192 boed (97% oil) o Strong Financial Position o 2014 Revenue up to ~A$7 million (2013 A$3.5 million) o 2014 Net profit before tax, impairment and amortisation ~A$3.5 m
Slide 3: Corporate Snapshot
Corporate Snapshot Directors & Management Capital Structure Charles Morgan Executive Chairman Shares on Issue 748m Mark Freeman Managing Director Stephen Keenihan Director Allan Boss Executive Director KC Whittemore Senior Geologist Major Shareholders Kevin Kenning Reservoir Engineer Scott Sechrist
Slide 4: Exploration and Production
Exploration and Production PRODUCTION Daily Gas (net) Current Monthly Program Status / Date Production Oil (net) BBO MMCF Net Revenue BOE (net) Desiree 35.6% Producing 142 296,000 - US$300,000 D&L#3 40% Producing 45 30,000 100 US$100,000 Abita 20%* Producing 5 10,000 560 - W. Klondike Completing TBA
Slide 5: Company Strategy
Company Strategy Strategy o Targeting conventional High Impact Projects in Gulf Coast, USA (Five successful wells since 2011 - La Posada, Desiree, D&L, Abita and West Klondike). o The Company is focussed on: o Stringent technical assessment process. o Strong 3D prospects with good analogues. o Manag
Slide 6: Napoleonville Salt Dome Development
Napoleonville Salt Dome Development Prospect Development • Limited drilling since 3D acquired • Substantial ongoing opportunities being generated. • Two Company discoveries on the Dome. • Louise prospect will be drilled July 2014. • Further targets have been identified and are being assessed. • Exce
Slide 7: Exploration Well - Templet#1 - Louise Prospect (22-22.5% WI)
Exploration Well - Templet#1 - Louise Prospect (22-22.5% WI) Templet #1, Assumption Ph. LA • Rig secured, well to spud July 2014. • GGE is carried for part of the well costs and paying upto 20% of dry hole drilling costs. • Developed in house from proprietary 3D seismic. • Targeting oil updip from w
Slide 8: Summary
Summary o 2014 Revenue up to ~$7 million (2013 A$3.5 million) o 2014 Net profit before tax, impairment and amortisation ~A$3.5 million o Presently generating monthly revenue (net of operating costs) of ~US$400,000. o Fully Self funded for 2014/2015 exploration and development. o Targeting net recove
Slide 9: Disclaimer – Important Notice
Disclaimer – Important Notice 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 statements are reasonable
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