Ann: Grizzly Drilling Update , page-15

Investor Presentation 2010

Under Corporate Snapshot Page 2
Operated 40% interest in Napoleonville Salt Dome with Propriety Seismic

Then Page 4

Napoleon Salt Dome Project
•
Historically produced 188 billion cubic feet of gas and 20.2 million
•
50 sq mile proprietary 3D seismic survey
•
primary targeted sands are Tex W, Big Hum, Operc, CrisR , MargVag, Camerinaand Miogypwith sands commencing at 4,000ft to 14,000ft
•
approximately 5,700 acres of leases
•
Operatorship and control of 39.5 –44% working interest
NOTE OPERATOR

Then on Page 5 under " Why Napoleonville "
Proven productive field with offset and undrilled leases
•
High historical rate of development and exploration success
•
Large inventory of Prospects & leads for long term drilling campaign
•
Balanced portfolio of shallow, low risk drilling in addition to deeper high impact structures with shallow bail-outs
•
Extensive gas gathering and transportation infrastructure
•
Low development costs with quick lead times to production (upon any success)
•
A ready market for oil and gas

That WAS 2010

What NOW ?
Investor Update November 2011 Page 17

DESIREE #1 (52% WI)
Exploration/Development Well
Napoleonville
• 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 400,000
Bbbls net to GGE
Low risk both in drilling
ops and G&G.

Note: Low Risk

OK ; Who are the partners and who is the DRILLER

Apparently GGE has
Operated 40% interest in Napoleonville Salt Dome with Propriety Seismic.

What is the holdup and why is Sp .003
Why fart around with Small fish and poor Rellies ?

AWAITING PERMIT ?

Is GGE ready to burst from the blocks ?

R15