RODMAN & RENSHAW INVESTMENT CONFERENCE SEPTEMBER 10, 2013 1 Whipkey Drilling Pad, Marshall County, West Virginia
About Trans Energy Company Overview Area of Operation Trans Energy: (OTCQB: TENG) Pure Play Marcellus Shale Proved Reserves: 52.4 Bcfe (12/31/2012 Wright & Co. Estimates - Marcellus only) Recent Daily Production: 10,000 Mcfe…
Why Invest in Trans Energy Marcellus Shale pure play Predictable and repeatable inventory Prominent land position with strong upside potential Trades at a significant discount to NAV Experienced Management Team Wet Gas Dry Gas…
Corporate Strategy - Prove Acreage / Add Drillable Locations Consolidate acreage surrounding legacy positions in the core of the Marcellus Marshall, Wetzel, Marion and Tyler counties Building upon local presence a West Virginia…
Marcellus Overview Majority of Company acreage located in wet gas window NGL yields in the 1.4 1.9 gallons per mcf range Ft. Beeler processing plants provide 320 MMcf/day throughput capacity Williams is adding another 640…
Competitive Market Position 7
Current Marcellus Acreage Significant Marcellus acreage that Acreage Breakdown 18,789 Net acres is held by shallow well production Approximately 350 horizontal well 890ac. locations from HBP acreage alone Primary term leased…
Reserves and Resources (SEC 12/31/12 Est.) Trans Energy has exposure to more than 3 Tcfe of Marcellus resource potential More than 400/500 potential drilling locations (186/304 ready to drill today) (3) EUR per well of 1.4 2.9 Bcfe…
Proved Reserves (Internal 6/30/13 Roll Forward Est.) Trans Energy has exposure to more than 3 Tcfe of Marcellus resource potential More than 400/500 potential drilling locations (186/304 ready to drill today) (2) EUR per well of 1.4…
Wet Gas Provides Positive Economics 3.50 NYMEX Equals 4.83/MCF Wellhead Price 3.50 / MMBTU NYMEX Henry Hub 100 NYMEX WTI One mcf Natural Gas via Wellhead Production Natural Gas Natural Gas Liquids Condensate Production Breakdown…
Experienced Management Team Steve Lucado Director since 2011 Chairman of the Board More than 19 years professional financial experience, including E&P CFO experience Bachelor of Arts Degree Harvard University, MBA, University of…
Joint Development Partner: Republic Energy Republic is a privately held Dallas-based E&P company Technical team has 200+ years combined industry experience Former VP Geology and Head of Completion Operations for North Texas from…
Type Curve IRR Sensitivities Recent Wells IRR vs. Price of Gas Typical Wetzel Doman Average Typical Marshall (Pre-Doman) 70% Projected Horizontal Well 60% Projected Reserves Horizontal Per Well: Well 9.08 Bcfe, 8.88 Bcfe, 7.56…
Marshall County JV has 13,019 gross acres of leased and owned minerals 13 wells online, 2 wells drilled and completed Average 30-day IP of 4.4 MMcfe/d (1) / 6.0 MMcfe/d (2) 20% Oil/NGLs Average lateral length 4,100 (1) / 3,420 (2)…
Wetzel County JV has 14,606 gross acres of leased and owned minerals 5 wells online Average 30-day IP of 8.1 MMcfe/d (1) 20% Oil/NGLs 5,000 Average lateral length (1) Average EUR / 1000 lateral (1) of 2.27 Bcfe 4.5 Frac…
IP Rates - Recent Marcellus Completions 17
Drilling Program Recap 17 Hz wells online 2 Doman wells turned online January 2013 Martinez well drilled and completed; online in late August Goshorn wells drilled and completed; online in October Graff and Freeland wells…
Marion County JV has 22,755 gross acres of leased and Marion County owned minerals Marcellus gains thickness relative to Wetzel BTU expected between 1050 and 1100 Total Potential Wells: 200 Total Wells Drillable Today: 25 / 42…
Tyler County JV has 4,050 gross acres of leased Tyler County and owned minerals Total Potential Wells: 45 Total Wells Drillable Today: 36 / 55 (1) 2013 Drilling Program: 1 well (1) At 750 ft / 500 ft spacing 20
Gas Off-Take (Williams & Momentum 3) 20-year gas gathering agreement with Williams for up to 45,000 MMBTU / day 90,000 MMBTU / day including Republic capacity Williams committed to provide off- take for all wells to be drilled…
Net Asset Value Trading at significant discount to net asset value (NAV) Trans Energy (1) Sum-of-Parts NAV Unit Value Total Value Value Per Share Category Low High Low High Low High 6/30/13 Proved Reserves (Internal, Strip Price…
Why Invest in Trans Energy Marcellus Shale Pure Play Over 58,000 gross acres in core of the Marcellus Shale Utica Shale potential Upper Devonian upside potential High-BTU, liquid-rich…
APPENDIX Doman Drilling Pad, Marshall County, West Virginia 24
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