Just remind them of this first... " • The Wattenberg field is a...

Just remind them of this first...
" • The Wattenberg field is a very active oil basin in the USA and with over 27 rigs presently drilling.
• As of March 2018, the Wattenberg field was producing 1.92 BCF of gas and 331,000 barrels of oil
and condensate per day, from more than 23,000 active wells.1
• The recent application of 3rd and 4th generation drilling and fraccing techniques have increased
average well recoveries significantly from 336,000 to over 1.3 million boe per well (with 8,000-
10,000 ft laterals). 2
• The acquired lands, located in the oily portion of the basin, have the potential for 64 drilling
locations spread across 8 DSUs.
• The Company’s strategy, with its partner, is to utilise Colorado’s development pooling system as a
catalyst to create DSUs and maximise its interest in each. Through this process, GGE expects its
working interest to be in the range of 7% - 25% in each DSU.
• As part of this transaction, Grand Gulf’s partner, PetroStone, will secure and operate the DSU’s.