Skip to main content CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation Investor Presentation | Shale Experts
Loading...
Pm

CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation

Transglobe Energy Corporation · Mar 11, 2011 · 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. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 1
    Conference Call Q4 & Year-End 2010 Results March 11, 2011
  2. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 2
    Q4 2010 Financial Highlights Funds flow from operations of 18.9 MM (0.26/share), 95% increase over Q4 2009 Average oil price received of 79.83, up 27% from Q4 2009 100% of Production referenced to Dated Brent Net income of 8.0…
  3. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 3
    2010 Annual Financial Highlights Funds flow from operations of 74.6 MM (1.08/share), 65% increase over 2009 2010 Average oil price received of 73.97, up 45% from 2009 Net income of 37.9 MM (0.55/share), up from an 8.4 MM loss in…
  4. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 4
    2010 Year-End Balance Sheet MM Long-term debt (86.4) Working capital (cash 57.8) 88.3 1.9 February 1, 2011 Equity Financing (net before expenses) 71.8 Positive working capital (net of long-term debt) 73.7 5 NASDAQ: TGA…
  5. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 5
    TransGlobe 2010 Reserves D&M Forecast Pricing - By Country Reserves Total 2010 Total 2009 Year Over Year Change By Country (MMbbl) (MMbbl) (% ) Total Proved (1P) Egypt 15.2 13.1 16% Yemen 5.3 6.2 -15% Total Proved (1P) 20.5 19.2…
  6. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 6
    TransGlobe Reserves Growth P+P Reserves P+P Reserves per Share (MMBoe) (Boe/share diluted) 30.4 0.44 Egypt 0.38 Yemen 24.2 Canada 0.33 19.8 0.27 16.4 0.19 11.7 (NI-51-101 Working Interest Reserves at December 31)…
  7. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 7
    TransGlobe Finding & Development Costs Three-year Weighted 2P 2010 2009 2008 Average Netback* 20.51/Bbl 13.75/Bbl 22.05/Bbl 18.63/Bbl F&D 11.06/Bbl 5.17/Bbl 6.67/Bbl 8.07/Bbl Recycle Ratio 1.85 2.66 3.31 2.31 FD&A 11.06/Bbl…
  8. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 8
    Q4 2010 Operating Highlights Q4 2010 Production: 10,789 Bopd Egypt: 7,941 Bopd Yemen: 2,848 Bopd 2010 Annual Production: 9,960 Bopd Increase 11% from 2009 Egypt: 7,259 Bopd Yemen: 2,701 Bopd February 2011 Production: 11,049…
  9. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 9
    Recent Daily Production 14,000 March Recent: Egypt Demonstrations 11,900 Bopd 12,000 10,000 Oil Sales (bopd) 8,000 6,000 Godah 4,000 Tasour An Nagyah West Gharib 2,000 0 Jul-10 Aug-10 Sep-10 Oct-10…
  10. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 10
    TransGlobe Production Growth Average Daily Production Production per Share (Boe/d) (Boe/d/thousand shares, diluted) Egypt 13,000 to 13,500 Block S-1, Yemen Block 32, Yemen 0.18 Canada* 9,960 8,980 0.14 0.14 7,342 0.12…
  11. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 11
    2011 Guidance Production guidance for 2011 13,000 13,500 Bopd 33% growth over 2010 Funds Flow for 2011 101 MM at 75/Bbl Dated Brent 115 MM at 85/Bbl Dated Brent 137 MM at 100/Bbl Dated Brent 12 NASDAQ: TGA TSX: TGL
  12. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 12
    TransGlobe Well Funded Funds Flow from Operations Funds Flow from Operations per Share (MM) (/share, diluted) 137 1.82 100/Bbl Dated Brent 100/Bbl Dated Brent 115 1.53 85/Bbl Dated Brent 85/Bbl Dated Brent 101 1.35 75/Bbl…
  13. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 13
    Mid-East Focus - 2011 Plan Capital Budget: 90.0 MM Atlantic Ocean EUROPE Development / Exploration on Blocks S-1/75/72 13% of budget ARAB REPUBLIC OF Up to 9 wells EGYPT AFRICA REPUBLIC OF YEMEN Up to 52 wells 85%…
  14. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 14
    Egypt: West Gharib Development Lease SOUTH Producing Fields 8 Development leases Pipeline RAHMI 100% Working Interest 7 producing fields EAST February 2011: 7,941 Bopd ARTA 16-31 API oil ARTA 2 rigs drilling Third rig in Mid…
  15. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 15
    West Gharib Q4 2010: drilled 6 oil wells and 3 dry holes Oil wells (Arta 19, 22 & 23, East Arta 5 & 7 and South Rahmi 8) Dry holes (East Arta 6, 8 & 10) 2011 Year to date: drilled 6 oil wells in Arta / East Arta 2 Upper Nukhul…
  16. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 16
    West Gharib Development Lease EAST ARTA Producing Field Carbonate Unassigned Area 45 undeveloped wells 19 producers (40 acre spacing) 60 appraisal and development locations 2 exploration locations Nukhul production increased:…
  17. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 17
    Egypt: East Ghazalat Block Exploration Concession Western Desert Producing Field Qattara Operated by Vegas Oil and Gas 2008 3-D Seismic Program Oil Prospect Ridge SA 50% Working Interest 645 km2, 159,300 acres Western Desert…
  18. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 18
    East Ghazalat: Safwa Exploration Concession Safwa Structure Producing Field Oil Prospect Four oil wells drilled 2010 SAFWA 18 undeveloped locations PIIP 63.2 MMBbl (3P) 38 API light oil Sabbar-1x Safwa NW-1x Early…
  19. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 19
    Nuqra Block Exploration License Producing Field 71.43% Working Interest Kom Ombo Sub Basin 2.3 million acres NUQRA BLOCK prospective 3.56 million acres Jurassic/Cretaceous Al Baraka Proven oil system 38 API Oil discovery…
  20. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 20
    Nuqra Prospects: Kom Ombo Sub Basin Exploration License Two well program Kom Ombo Sub Basin Producing Field (Selsella and Diwan) Oil Prospect Selsella drilling Al Baraka Field Dabud Gross PIIP* Selsella Name Status (MMBbl)…
  21. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 21
    Republic of Yemen KINGDOM OF Four Blocks SAUDI ARABIA 13.8% - 25% W.I. N REPUBLIC OF Production Sharing Agreements YEMEN 1.14 million acres Two Producing BLOCK 32 Blocks (32 & S-1) 2,848 Bopd in Q4 2010 BLOCK S-1 2,916…
  22. CONFERENCE CALL Q4 & YEAR END 2010 RESULTS – Transglobe Energy Corporation – slide 22
    Contact Information INVESTOR RELATIONS Scott Koyich T: 403.264.9888 E: investor.relationstrans-globe.com W: www.trans-globe.com 23 NASDAQ: TGA TSX: TGL

From the store

Browse maps, data & reports in the Shale Experts store