Overview

GP Energy (GPE - TSX.V) is an emerging junior international oil and gas company focusing on Eastern Central Europe and the U.S. The management team combines oil and gas business and technical professionals with the business development and financial acumen of their financing partners.

Management's business plan is to create wealth through a portfolio of oil and gas drilling projects, primarily in Central Europe and the US, while maintaining a presence in South America. GP Energy's project mix ranges from low-risk, near-term-cash-flow projects to high potential "home run" opportunities that can result in accelerated growth. The Company's strategy is to undertake exploration programs in regions with established potential, using seasoned industry professionals applying state-of-the-art seismic technology and engineering skills.

Chief Properties

Bulgaria East Golitza Project

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Project Description

• Partners - JKX Oil & Gas PLC and Aurelian Oil & Gas PLC (both successful UK public-listed companies)
• Earning 20% of 1,480 sq. km. in eastern Bulgaria.
• Previous drilling established extensive gas play in Tertiary Basin.
• 205 exploration wells drilled between 1941 and 1992
• 54 encountered significant gas shows or tests of gas
• Application of "bright-spot" / AVO technique from US Gulf Coast and Hungary

Deal & Work Program - GPE pays $5.00MM to earn 20% interest

• 40% of $7.5MM 250km2 3D survey; acquisition in Q3/Q4/08
• 40% of $8.0MM 2-well drilling program
• Subject to $5.0MM cap on promote to GPE

Reserve and Value Potential

• Reserve potential (internal estimate) 100-500 BCF
• Evaluation of historical data support potential resource in progress

Central Europe

• Farm-in agreements with existing players in Bulgaria and Poland
• Ground floor exploration in Poland
• Researching unconventional gas opportunities

United States

Oil & gas exploration projects underway in North Dakota and Ohio

Colombia

Reviewing opportunities

Argentina

Exiting country, plan to sell subsidiary & assets

Management

• Anthony (Tony) Harvey - Chairman & Director
• Jack Steinhauser - President & C.E.O.
• Kurt Bordian - C.F.O.
• Peter Carpenter - Director
• Clive M. Stockdale - Director
• James B. Hersch - Director
• Andrew Malim - Vice President of European Business Development & Director
• Kevin Allison - Vice President of Exploration
• Helen Tuttle - Vice President of Administration and Corporate Secretary
• John Buggenhagen, Ph.D. - Vice President of Exploration - Europe
• John Yu - Qualified Person

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