Whipkey Drilling Pad, Marshall County, West Virginia
About Trans Energy Company Overview Area of Operation Trans Energy: (OTCBB: TENG) Pure Play Marcellus Shale Proved Reserves: 49.5 Bcfe (9/20/2012 Wright & Co. - Marcellus only) Recent Daily Production: 12,790 Mcfe 52-Week…
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 Trans Energy Area of Condensate…
Competitive Market Position Marcellus Well Permits (thru Sept 20, 2012*) Marion: 60 Marshall: 139 Tyler: 22 Wetzel: 150 *Permit data acquired from WV Geologic Survey 7
Current Marcellus Acreage Significant Marcellus acreage that Acreage Breakdown 23,407 Net acres is held by shallow well production Approximately 350 horizontal well 792 ac. locations from HBP acreage alone Held by Production…
Reserves and Resources Trans Energy has exposure to more than 3 Tcfe of Marcellus resource potential More than 400 potential drilling locations (178 ready to drill today) EUR per well of 1.2 2.0 Bcfe /1000 of lateral 9/20/12 SEC…
Net Reserves and Resources 3rd Party Engineered Probable BCFE Reserves Disclosed for 1st Time 10
Wet Gas Provides Positive Economics 3.70 NYMEX Equals 4.78/MCF Wellhead Price 3.70 / MMBTU NYMEX Henry Hub 85 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 18 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…
Horizontal Marcellus Production History Quarterly 8/8ths Production (Mmcfe) 14
Marshall County Well Performance Projected Projected Horizontal Horizontal Well Well Results Results Reserves Reserves per per well: well: 7.6 7.6 Bcfe Bcfe IP IP Rates: Rates: 5.7 5.7 MMcfe/d MMcfe/d Percent Percent…
Marshall County Well Performance Projected Projected Horizontal Horizontal Well Well Reserves Reserves per well: 7.6 Bcfe per well: 7.6 Bcfe IP IP Rates: Rates: 5.7 5.7 MMcfe/d MMcfe/d Percent Percent Liquids: Liquids:…
Marshall County: Drilled Marcellus Wells JV has 12,698 gross acres of leased and owned minerals 12 wells drilled & fraced, 1 well drilled waiting on frac Average 30-day IP of 4.1 MMcfe/d 20% Oil/NGLs 4,500 Average lateral length…
Wetzel County: Drilled Marcellus Wells JV has 27,853 gross acres of leased and owned minerals 5 wells drilled & fraced 4.5 Frac Stages/1000' lateral Drill time of 35 days spud to rig release 86 ready to drill…
IP Rates - Recent Marcellus Completions Goshorn 1H (4,829 ft lateral) Turned On May 2012 1st 30 day Production 3,596 MCFE/D 1st 60 day Production 3,242 MCFE/D 1st 90 day Production 3,039 MCFE/D Goshorn 2H (4,763 ft lateral)…
Drilling Program Recap 15 wells on line 2 Doman wells fraced and go on line in Dec. Martinez well drilled waiting on fracing 2013 Drilling Program Marion Tyler 20
Marion & Tyler Counties THE NEXT STEP 21
Marion County JV has 18,179 gross acres of leased and Marion County owned minerals Total number of potential wells: 117 Total number of wells that could be drilled today (pending permits): 19 2013 Drilling Program: 4…
Tyler County JV has 4,000 gross acres of leased Tyler County and owned minerals Total number of potential wells: 47 Total number of wells that could be drilled today (pend. permits): 36 2013 Drilling Program: 4 wells…
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 9/20/2012 Proved Reserves 49.55 Bcfe 1.00 3.00…
Why Invest in Trans Energy Marcellus Shale Pure Play 63,500 gross acres in core of the Marcellus Shale Utica Shale potential Upper Devonian upside potential HighBTU, liquidrich focus 1.50 per MMBtu breakeven natural gas price…
APPENDIX Doman Drilling Pad, Marshall County, West Virginia 27
Overview of Recent Corporate Reorganization The new credit facility involved a reorganization of the operating subsidiaries and assets of Trans Energy Below summarizes the movement of significant assets in the corporate…
Marcellus BTU Content By County Marshall, Wetzel, and Tyler counties have high BTU content with significant liquids potential Marion County is dry gas 14.73 (PSIA) Well Well Type BTU/SCF (Dry) BTU/SCF (Saturated) Marshall County…
Overview of ASD Entity Trans Energy Republic Energy Trans Energy, Inc. Lender Ventures, LLC Energy,TENG) (OTCBB: Inc. Lender Parent Parent LLC (OTCBB: TENG) 7.Overhead Support Ownership 100% 5.Contract Operator…
AJDA Summary Trans Energy entered into an AJDA with Republic Energy during 2007 to develop its Marcellus acreage Public & Management Republic Management & Energy Shareholders Trust Partners Trans Energy, Inc. Contract Operator…
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