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Q3 2012 EARNINGS CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Nov 8, 2012 · 20 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. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 1
    Conference Call Q3 2012 Results November 8, 2012
  2. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 2
    Conference Call Q3 2012 Results November 8, 2012
  3. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 3
    Q3 2012 Financial Highlights Q3 Gross Revenues of 152.6 MM Nine months of 460.1 MM Q3 Funds from Operations of 35.4 MM Nine months of 106.7 MM Q3 Net Earnings of 11.8 MM (includes 4.4 MM unrealized loss on Convertible Debentures)…
  4. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 4
    Q3 2012 Financial Highlights Q3 Average Pricing of 96.88/Bbl Nine Months of 99.12/Bbl Q3 After Tax Netbacks of 26.21/Bbl Nine months of 26.75/Bbl Q3 Capital expenditures of 17.5 MM (includes acquisitions) Nine months of 59.5…
  5. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 5
    Q3 2012 Balance Sheet MM Net Working Capital (cash 45.7) 252.2 Long-term debt: Reserve Base Loan 31.9 Convertible Debenture 102.9 Total Debt 134.8 Positive Working Capital 117.4 (net of long-term debt and convertible…
  6. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 6
    Q3 2012 Operating Highlights Q3 Production: 18,143 Bopd up 7% from Q2/12 Egypt Prod: 16,854 Bopd; West Gharib; 12,182 Bopd West Bakr; 4,590 Bopd East Ghazalat; 82 Bopd (first oil in W Desert) Yemen Prod: 1,289 Bopd (Sales 270…
  7. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 7
    Recent Daily Production 25,000 November 20,000 Recent 20,100 Bopd 15,000 Oil Sales (bopd) 10,000 Block 32 5,000 Block S1 East Ghazalat West Bakr West Gharib 0 Dec11 Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12…
  8. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 8
    Updated 2012 Guidance Production 17,500 Bopd average for 2012 A 44% increase over 2011 production (12,132 Bopd) Updated funds flow for 2012 Q 1, 2 & 3 actual funds flow + forecast Brent pricing for final Q of 12 Funds Flow from…
  9. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 9
    Egypt Land Holdings 2012 Bid Round Alexandria SOUTH West MARIUT Gharib EAST GHAZALAT NW West GHARIB Bakr Cairo SOUTH ALAMEIN SW GHARIB S GHAZALAT SE GROSS ACRES GHARIB (not including Bid Round) West Gharib/West 40,087…
  10. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 10
    Egypt: West Gharib & West Bakr West Gharib West Bakr 100% Working Interest SOUTH NW Gharib NW RAHMI Producing Fields GHARIB Current production 17,700 Pipeline Bopd Brent price minus 12% Blended price EAST ARTA ARTA 31 Wells…
  11. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 11
    Egypt: West Gharib & West Bakr West Gharib West West West Bakr Totals SOUTH NW Gharib Gharib Bakr NW RAHMI Producing Fields GHARIB Q1 & Q2 Pipeline Drilling Oil 14 2 16 D&A 1 1 2 Q3 EAST Drilling ARTA ARTA Oil 4 1 5 West…
  12. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 12
    Egypt: Western Desert Mediterranean Sea Two new development / Appraisal projects in 2013: Alexandria East Ghazalat Safwa South Alamein - Boraq SOUTH Production ramp-up in MARIUT 2013 EAST Additional exploration GHAZALAT SOUTH…
  13. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 13
    East Ghazalat Exploration Non-Operated - 50% W.I. Concession Producing Field Bahariya / Safwa Development Development Plan Lease 22 locations (160 acre spacing) Pipeline First oil in Sept/12 34 API, will sell close to Brent…
  14. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 14
    South Alamein Operator 100% W.I. Closed El Paso 50% on June 7, 2012 Boraq-3 Closed Cepsa 50% on July 26, Boraq-2X Boraq-2X Boraq-5 Boraq-5 2012 Discovery Well Discovery Well Boraq-4 Exploration Lease Oil prospects 3-D…
  15. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 15
    South Mariut Exploration Concession Mediterranean Sea Operator - 60% W.I. Oil Prospect Acquired June 7, 2012 Oil field Potential High Impact Offshore Gas Fields Exploration Exposure Contracted 2,000 HP rig for up to 4 wells…
  16. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 16
    EGPC 2011 Bid Round (Awarded Nov. 6, 2012) NW GHARIB TGL won 4 Blocks Eastern Desert: West 3 Blocks, 0.3 million acres Gharib NW Gharib 162,000 acres SW Gharib 50,000 acres West Bakr SE Gharib 126,000 acres Western Desert: S…
  17. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 17
    Republic of Yemen REPUBLIC OF BLOCK 32 Four Blocks 13.8% - 25% W.I. YEMEN Production Sharing Agreements 1.14 million acres BLOCK S-1 BLOCK 72 Two Producing Blocks (32 & S-1) B32 350 Bopd B S-1 1,700 Bopd BLOCK 75 Two…
  18. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 18
    The Roadmap to 40,000 Based on currently identified opportunities and upside predictions, TransGlobe is targeting a production rate of 40,000 Bopd in five years Peak Production (bopd) South Mariut/ 7,00010,000 Other Bid Round…
  19. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 19
    Q&A 20 NASDAQ: TGA TSX: TGL
  20. Q3 2012 EARNINGS CALL – Transglobe Energy Corporation – slide 20
    Conference Call Q3 2012 Results November 8, 2012

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