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THE OIL AND GAS CONFERENCE – Trans Energy Inc.

Trans Energy Inc. · Aug 15, 2012 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 1
    THE OIL & GAS CONFERENCE August 2012
  2. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 2
    COMPANY OVERVIEW
  3. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 3
    About Trans Energy Company Overview Area of Operation Trans Energys Trans Energys Corporate Office Areas of Operation Trans Energy: (OTCBB: TENG) Pure Play Marcellus Shale Proved Reserves: 35.5 Bcfe Recent Daily Production:…
  4. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 4
    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 Marcellus Shale…
  5. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 5
    Corporate Strategy Consolidate acreage surrounding legacy positions in the core of the Marcellus Marshall, Wetzel, Marion and Tyler counties Building upon local presence West Virginia company Drill to turn highly prospective…
  6. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 6
    Current Marcellus Acreage Significant Marcellus acreage that Acreage Breakdown 23,226 Net acres is held by shallow well production Approximately 350 horizontal well locations from HBP acreage alone Primary term leased acreage…
  7. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 7
    Resource and Reserves Trans Energy has exposure to more than 3 Tcfe of Marcellus resource potential More than 400 potential drilling locations (111 ready to drill today) EUR per well of 1.2 2.0 Bcfe /1000 of lateral To date, less…
  8. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 8
    Experienced Management Team Steve Lucado Director since 2011 Chairman of the Board More than 18 years professional financial experience, including E&P CFO experience Bachelor of Arts Degree Harvard University, MBA, University of…
  9. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 9
    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…
  10. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 10
    Groves 1H Lateral: 5,300 ft. EUR: 1.37 Bcfe/1000 ft. Competitive Market Position Whipkey 1H Lateral: 2,100 ft. EUR: 1.68 Bcfe/1000 ft. Whipkey 2H Lateral: 3,600 ft. EUR: 1.83 Bcfe/1000 ft. TENG Whipkey 3H Lateral: 3,600 ft.…
  11. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 11
    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 Condensate and NGLs provide 1.50 -…
  12. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 12
    Marshall County: Drilled & Completed JV has 12,367 gross acres of leased and owned minerals 10 Marcellus wells drilled and fraced Average 30-day IP of 4.2 MMcfe/d 20% Oil/NGLs 4,000 Average lateral length Average EUR / 1000…
  13. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 13
    Wetzel County: Drilled and Completed JV has 28,659 gross acres of leased and owned minerals. Number of horizontal wells drilled: 5 4.5 Frac Stages/1000' lateral Drill/time of 35 days spud to rig release 35 ready to drill…
  14. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 14
    Marshall and Wetzel County Well Performance Projected Horizontal Well Results Reserves per well: 7.6 Bcfe 30 Day IP Rates: 5.7 MMcfe/d Percent Liquids: 20% Gross cost per well: 7.0MM Average Lateral Length: 4000' IRR(1): 25%…
  15. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 15
    Marshall and Wetzel County Well Performance Projected Horizontal Well Reserves per well: 7.6 Bcfe 30 Day IP Rates: 5.7 MMcfe/d Percent Liquids: 20% IRR Natural Gas Price ( per MMBtu)
  16. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 16
    The Next Step: Tyler & Marion Counties Marion County JV has 20,302 gross acres of leased and owned minerals 8 Well drilling program 4 wells Marion county 4 wells Tyler county Tyler County Total number of wells capable of…
  17. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 17
    Wet Gas Provides Positive Economics 2.50 NYMEX Equals 3.73/mcf Wellhead Price 2.50 / MMBTU NYMEX Henry Hub 85 NYMEX WTI One mcf Natural Gas via Wellhead Production Natural Gas Natural Gas Liquids Condensate Production Breakdown…
  18. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 18
    Quarterly 8/8ths Production (Mmcfe) Horizontal Marcellus Production History 19 % Liquids
  19. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 19
    Williams Partners Off-Take Agreement 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…
  20. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 20
    Near Term Drilling Program Four (4) wells in Wetzel county drilled and awaiting tie-in Three (3) wells drilled in Marshall waiting on Frac With capital provided by the new credit facility and cash flow from operations, the…
  21. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 21
    Net Asset Value Trading at significant discount to net asset value (NAV) (1) Trans Energy Sum-of-Parts NAV Unit Value Total Value Value Per Share Category Low High Low High Low High 6/30/2012 Proved Reserves (PDP and PDNP) 25.78 Bcfe…
  22. THE OIL AND GAS CONFERENCE – Trans Energy Inc. – slide 22
    Why Invest in Trans Energy Marcellus Shale Pure Play 62,688 gross acres in core of the Marcellus Shale Utica Shale potential Upper Devonian upside potential High-BTU, liquid-rich focus 1.50 per MMBtu breakeven natural gas price…

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