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PORTFOLIO

Gryphon Exploration

Stage: Venture

Date of Investment: 2000

Web Site : http://www.gryphon-exploration.com

Gryphon (Houston, Texas) is an independent oil and gas exploration and production company focused on the shallow waters in the Gulf of Mexico. Gryphon utilizes modern exploration techniques to identify significant reserve potential prospects in deeper geologic strata in and around producing areas. Gryphon is led by Michael Harvey, an experienced oil and gas executive who has spent most of his career focused on the shallow waters of the Gulf of Mexico. In October 2000 Warburg Pincus provided the founding equity capital to allow the company to acquire several significant leaseholds and a seismic database. Since inception, the company has built a strong position of reserves, production and an attractive inventory of exploration projects. With five core operating areas and superior exploration success and operating performance, the company is recognized as a leading operator on the shelf of the Gulf of Mexico.

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