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: 4,565 Mcfe (does not…
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 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…
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 and…
Current Marcellus Acreage Significant Marcellus acreage that Acreage Breakdown 22,925 Net acres is held by shallow well production Approximately 350 horizontal well locations from HBP acreage alone Primary term leased acreage…
Reserves and Resources Trans Energy has exposure to more than 3 Tcfe of Marcellus resource potential More than 400 potential drilling locations (127 ready to drill today) EUR per well of 1.2 2.0 Bcfe /1000 of lateral 9/20/12 SEC…
Gross Reserves and Resources 350.00 300.00 250.00 3rd Party Engineered Probable BCFE Reserves Disclosed for 1st Time 200.00 Probable PUD 150.00 PDP/PDNP 100.00 50.00 0.00 Januray 1, 2012 July 1, 2012 September…
Wet Gas Provides Positive Economics 3.00 NYMEX Equals 4.40/MCF Wellhead Price 3.00 / MMBTU NYMEX Henry Hub 90 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 2,500 25% Quarterly 8/8ths Production (Mmcfe) 2,000 20% 1,500 15% % Liquids 1,000 10% 500 5% - 0% Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Total MMCFE %…
Marshall 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% Breakeven…
Marshall County Well Performance Economic Sensitivities 40% 35% Projected Horizontal Well Reserves per well: 7.6 Bcfe 30% 30 Day IP Rates: 5.7 MMcfe/d Percent Liquids: 20% 25% WTI Price/Bbl: 90 20% IRR 15% 10% 5% NGL…
Marshall County: Drilled Marcellus Wells JV has 12,471 gross acres of leased and owned minerals 10 wells drilled & fraced, 3 wells drilled Average 30-day IP of 4.1 MMcfe/d 20% Oil/NGLs 4,000 Average lateral length Average EUR /…
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 35 ready to drill locations 61…
IP Rates - Recent Marcellus Completions Goshorn 1H (4,829 ft lateral) Turned On May 2012 1st 30 day Production 3,942 MCFE/D 1st 60 day Production 3,843 MCFE/D 1st 90 day Production 3,634 MCFE/D Goshorn 2H (4,763 ft lateral)…
Drilling Program Recap 15 wells on line by end of September 3 wells drilled waiting on frac 2 wells should go on line December 2012 2013 Drilling Program Marion Tyler 21
Marion & Tyler Counties THE NEXT STEP 22
Marion County JV has 18,179 gross acres of Marion County leased and owned minerals Total number of potential wells: 117 Total number of wells that could be drilled today (pend. 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 4.00…
Why Invest in Trans Energy Marcellus Shale Pure Play 62,300 gross acres in core of the Marcellus Shale Utica Shale potential Upper Devonian upside potential High-BTU, liquid-rich focus 1.75 per MMBtu breakeven natural gas price…
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