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CORPORATE PRESENTATION – Transglobe Energy Corporation

Transglobe Energy Corporation · Mar 30, 2015 · 23 slides

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Slides

  1. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION MARCH 2015
  2. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Currently 98% of production Alexandria Proven track record with extensive Middle East experience Suez Cairo Extensive and diversified portfolio of development and exploration…
  3. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 3
    OIL MARKETING EGPC cooperation on TransGlobe export initiative is positive indication of Egyptian commitment to becoming a more open economy and attracting foreign investment Marketing will improve liquidity, decrease credit risk and…
  4. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 4
    INVESTMENT HIGHLIGHTS 2.7 Million gross acres of land 2015 Exploration focus 9 Projects in Egypt Complete shooting, processing and 2 Projects in Yemen interpreting 1,400 km2 of 3-D and Strong balance sheet with net working 325 km of 2-D…
  5. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 5
    UNDER VALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE Current Market Value Market Capitalization (15/03/15) 213 Million of 1.57/Bbl on a 2P Enterprise Value 52 Million Basis Shares Outstanding 75 Million Trading at 42% of Working…
  6. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 6
    2015 PLAN Prudent Capital Management: Reduced 2015 capital program in response to dramatically lower oil prices. Focus on production/operating expense optimization Re-tendering services to reduce costs Maintain a strong balance sheet…
  7. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 7
    DELAYED IMPACT OF REVOLUTION TransGlobe grew production through both revolutions from its pre-existing asset base and acquisitions a testament to operating environment Ratification of new exploration blocks were delayed which lead…
  8. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 8
    EASTERN DESERT Have only recently begun exploration of new lands 3D coverage increased by 3X in2014 2008 3D Acquisition 369 square Km 2014 3D Acquisition 1,044 square Km Currently in processing 2007-2014 Drilling Totals…
  9. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 9
    2015 CAPITAL BUDGET 2015 Capital Exploration and Development Guidance of 37.5 million Exploration 19 million (51%) and Development 18 million (49%) 7 million drilling (5 wells) 11 million development projects/ facilities/…
  10. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 10
    2015 DEVELOPMENT PROJECT INVENTORY North West Gharib discoveries (1, 3 & 5) West Bakr South K-Field extension West Bakr shut-in/suspended well workover program Waterflood optimization projects at West Gharib and West Bakr Block S-1…
  11. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 11
    WEST GHARIB: 100% WI - OPERATED Production Q4 2014 8,440 Bopd Installed new PCPs Q1 Q1 2015 9,100 Bopd 2015 Plan 1 well at Hana (suspended Jan) Hana West WF optimization deferred Reservoir studies underway Hana simulation Hana…
  12. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 12
    NW GHARIB: 100% WI - OPERATED 2015 Plan 16 3 3 wells drilled (1 oil and 2 dry) 2 Progress three (NWG 1, 3 & 5) oil developments toward first production late 15/early 16 14 1,500-2,000 Bopd initial 1 production potential*…
  13. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 13
    WEST BAKR: 100% WI - OPERATED Production Q4 2014 5,963 Bopd Q1 2015 4,700 Bopd H New service rig, mid Feb/15 March 2015 to date 5,200 Bopd 2015 Plan Drilled 1 water injector H field M South K field drill program (6-12 wells)* K…
  14. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 14
    EASTERN DESERT: 100% WI - OPERATED Executing large seismic program for 2014/15 in Egypt NW Gharib Eastern Desert 1,044 km 3D Plus 300 km 2-D NW Gharib 479 km 3-D acquisition completed, processing underway Concession area of 655…
  15. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 15
    SE GHARIB: 3-D SEISMIC ACQUISITON 16
  16. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 16
    EGYPT ASSETS: WESTERN DESERT Four Concessions: 3 operated, 1 non-operated. Will acquire 400 km 3-D in 1st half 15 in South Ghazalat 17
  17. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 17
    SOUTH ALAMEIN: 100% WI - OPERATED Acquired in 2012 Future Plan Contingent on Boraq access Boraq 2 tested at 1,700 Bopd* Exploration period Clock stopped 20+ months from access approval Retained 800 km 2 *The primary…
  18. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 18
    EAST GHAZALAT: 50% WI - NON-OPERATED North Dabaa Dev Lease Safwa Dev Lease Production Q4 2014 - 558 Bopd Q1 2015 500 Bopd 2015 Plan 3 well dev drilling plan deferred due to oil prices N Dabaa gas/cond development deferred due…
  19. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 19
    NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2015 Plan: 3-D seismic 400 km2 3-D seismic planned S. Ghazalat N.W. Sitra NW Sitra Awarded in 2014 Ratified January 2015 3-D seismic in 2016 2015 3-D…
  20. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 20
    YEMEN: 25% W.I. Production (B 32 only) Q4 2014 - 210 Bopd Q1 2015 190 Bopd Relinquished Mar 31/15 2015 Plan 4.0 MMBbls (2P) reserves moved to contingent resource effective Dec 31/2014* Relinquished B32 and B72 Q1 B S-1…
  21. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 21
    EXECUTIVES AND DIRECTORS Robert G. Jennings - Director, Chairman Ross G. Clarkson - Director, President and CEO Lloyd W. Herrick - Director, VP and COO Geoffrey C. Chase - Director Fred J. Dyment - Director Susan MacKenzie Director…
  22. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 22
    ANALYST COVERAGE Christopher Brown, Canaccord Genuity, Calgary, Canada David Popowich, CIBC, Calgary, Canada David Phung, Credit Suisse Securities, Calgary, Canada David Dudlyk, Dundee Capital Markets, London, UK Victor Vallance,…
  23. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 23
    CONCESSION SUMMARY Working Concession Size (acres) Year Concession First Production Q4 2014 Concession Interest Gross Net Acquired Type Date Sales West Gharib 100% 24,035 24,035 2007 Development January 2000 8,440 NW Gharib 100%…

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