El Vinalar

EL VINALAR: Conventional Oil Upside

  • This block is located in the Northwest Basin of Argentina

  • MVN is the operator with 100% W.I. (59,300 net acres)

  • Certified W.I. 2P reserves of 21.8 Mbbl1 in Dec. 31, 2013

  • Production is from Yacoraite Fm.

  • Upside:

    • Proven La Reina structure (LR.x-1 initially tested 2,675 bopd), and in undrilled satellite structures

    • Mealla Fm. (Eocene) in Puesto Climaco

    • Drilling opportunity in El Vinalar Norte Southern Flank

    Note: 1Based on the independent reserve reports of Gran Tierra evaluating the crude oil, natural gas liquids and natural gas reserves of Gran Tierra as at December 31, 2013 prepared by an independent reserves evaluator in accordance with National Instrument 51 101 Standards of Disclosure for Oil and Gas Activities (NI 51 101) and the COGE Handbook. Adjustments made pursuant to internal management estimates conducted by a qualified reserves engineer.- Adjustments consisted of reduced PUD locations due to rescheduling or removal of proven undeveloped and probable locations on the subject assets.