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Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Aug 13, 2014 · 16 slides

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Slides

  1. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 1
    Q2 2014 RESULTS CONFERENCE CALL AUGUST 13, 2014
  2. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 2
    Q2 2014 FINANCIAL HIGHLIGHTS Funds flow of Earnings of 43.2MM* 26.2MM* (0.57/share) (0.35/share) Spent 110.1MM in 17.1MM on cash and cash expl and dev equivalents Positive Collected working capital 45.1MM from of 271MM EGPC…
  3. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 3
    EGPC ACCOUNTS RECEIVABLES Targeting 250 Million in 2014, 2013 Collections of 275 Million Collections in Q2 were 45.1 Million AR outstanding vs Months outstanding AR outstanding vs Production per day 250,000 12 250,000 20,000 18,000…
  4. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 4
    Q2 SALES Sales (Bopd) Q2 July West Gharib 9,987 9,422 West Bakr 5,182 4,946 East Ghazalat 786 687 Egypt Total 15,955 15,055 Yemen 529 220 Sales Total 16,485 15,275 Production 16,112 5
  5. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 5
    CURRENT DAILY PRODUCTION PCP Failures/Declines Q2 16,112 BOPD JULY 15,275 BOPD Q3 Est 15.0 MBOPD 6
  6. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 6
    2014 GUIDANCE UNDER REVIEW Q1 + Q2 17.2 MBopd Q3 15.0 Mbopd Production West Gharib pump uncertainties Yemen S-1 shut in 126.5MM (1.67/share) 2014 117.2MM excluding 9.3MM Caracal termination fee Funds Flow Q3 & Q4 at 15.0 Mbopd…
  7. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 7
    EGYPT ASSETS: EASTERN DESERT East Ghazalat (50%) South Alamein (100%) Acquired 2010 Acquired 2012 102,000 Gross acres 197,000 Gross acres Dev & Expl Expl CAIRO West Gharib (100%) Acquired 2007 West Bakr (100%) 28,000 Gross…
  8. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 8
    WEST GHARIB: 100% WI - OPERATED 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades Q2 9,987 Bopd Drilled 3 oil wells YTD drilled 8 wells 7 oil wells, 1 D&A…
  9. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 9
    NW GHARIB: 100% WI - OPERATED Prospective Resources * Chance of Wells Description (millions of Success barrels) Nukhul pools proximal NWG 1,2,3,4,5,7 6.9 40 to 60% to Arta / East Arta NWG 6 Nukhul structure 11.8 16% NWG 8…
  10. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 10
    WEST BAKR: 100% WI - OPERATED 2014 Plan 17 wells H Water flood optimization Facility upgrades and optimization M Q2 K 5,182 Bopd Drilled 4 oil wells YTD drilled 7 wells 3 oil wells K field 4 oil wells, 1 injector well H…
  11. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 11
    EASTERN DESERT: 100% WI - OPERATED Planning large seismic program for 2014/15 in Egypt NW Gharib Total program 1,400 km 3-D & 300 km 2-D Eastern Desert 1,000 km 3-D & 300 km 2-D Western Desert 400 km 3-D NW Gharib 2014 Plan: up…
  12. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 12
    EGYPT ASSETS: WESTERN DESERT East Ghazalat (50%) South Alamein (100%) Acquired 2010 Acquired 2012 102,000 Gross acres 197,000 Gross acres Dev & Expl Expl CAIRO West Gharib (100%) Acquired 2007 West Bakr (100%) 28,000 Gross…
  13. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 13
    EAST GHAZALAT: 50% WI - NON-OPERATED 2014 Plan North Dabaa Dev Lease 5 wells Safwa Field N Dabaa Dev Q2 795 Bopd to TG 1 Safwa oil well YTD drilled 3 wells EG 3 expl D&A 2 Safwa oil wells Drilling N.Dabaa 2 appraisal well…
  14. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 14
    SOUTH GHAZALAT: 100% WI - OPERATED North Dabaa Dev Lease 2015 Plan 400 km 3-D seismic program on SW portion of block 15
  15. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 15
    Q&A 16
  16. Q2 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 16
    Q2 2014 RESULTS CONFERENCE CALL AUGUST 13, 2014

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