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CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation

Transglobe Energy Corporation · Aug 8, 2011 · 20 slides

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Slides

  1. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 1
    Conference Call Q2 2011 Results August 8, 2011
  2. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 2
    Conference Call Q2 2011 Results August 8, 2011
  3. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 3
    Q2 2011 Financial Highlights Record funds flow from operations of 29.3 MM (0.39/share), 77% increase over Q2 2010 and 21% increase over Q1 2011 Net income of 21.9 MM (0.29/share), 125% increase over Q2 2010 and 657% increase over…
  4. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 4
    Q2 2011 Balance Sheet MM Long-term debt (60) Working capital (cash 123 MM) 147 Positive working capital (net of long-term debt) 87 5 NASDAQ: TGA TSX: TGL
  5. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 5
    Q2 2011 Operating Highlights Q2 2011 Production: 11,826 Bopd Egypt: 11,356 Bopd; 30% from Q1 Yemen: 470 Bopd; 81% fromQ1 2,300 Bopd Shut in at S-1 for Q2 July 2011 Production: 13,313 Bopd Egypt: 11,685 Bopd; Yemen: 1,628 Bopd;…
  6. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 6
    Recent Daily Production 16,000 14,000 Producing 12,000 14,000 Bopd since July 17th 10,000 Oil Sales (bopd) 8,000 6,000 Godah 4,000 Tasour An Nagyah 2,000 West Gharib 0 Jan-11 Feb-11 Mar-11 Apr-11 May-11…
  7. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 7
    2011 Production Guidance Production Guidance for 2011 Unchanged 13,000 13,500 Bopd Up 33% over 2010 Egypt 11,000+ Bopd for 2011 W Gharib curtailed at 12,000 Bopd in Q4 E Ghazalat on at 900 Bopd in Dec W Bakr 4,000 Bopd not…
  8. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 8
    Updated 2011 Funds Flow Guidance Updated Funds Flow for 2011 Q-2 actuals + forecast Production 13,000+ Bopd Brent pricing for final 2Qs of 11 Updated Funds flow (Brent Pricing) 105 MM at 75/Bbl (1.39/share) 119 MM at 95/Bbl…
  9. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 9
    Egypt: West Gharib West Gharib Development Lease SOUTH West Bakr Development Lease Producing Fields 8 Development leases RAHMI Pipeline 100% Working Interest 7 producing fields EAST 16-31 API oil ARTA 3 rigs drilling ARTA…
  10. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 10
    Egypt: West Gharib Q2 2011: drilled 9 wells (6 oil & 3 service wells) 2 U Nukhul & 2 L Nukhul (U & L) oil 3 L Nukhul service (2 injectors & 1 water source) 1 Hana West & 1 Hoshia oil 2011 YTD: drilled 22 wells(19 oil & 3 service…
  11. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 11
    Upper and Lower Nukhul Development Development Lease EAST ARTA Producing Field Carbonate Producing Arta/East Arta 2011 New Drills Unassigned Area Formation Q1 Q2 Q3 Total Upper Nukhul 3 2 4 9 Lower Nukhul 5 2 - 7 Service - 3 -…
  12. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 12
    West Gharib: Arta / East Arta Development Lease EAST ARTA Producing Field Carbonate Unassigned Area Upper Nukhul: Undeveloped wells 35 undeveloped locations (40 acre spacing) (40 acre spacing) 25 producing wells Total 60 Upper…
  13. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 13
    Arta/East Arta Upper Nukhul Performance The Type Curve well profile equates to reserves of 120 mbbl Original and Early wells were in tighter reservoir New wells are in better quality reservoir and are exhibiting better…
  14. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 14
    Egypt: West Bakr West Bakr Development Lease 100% Working Interest West Gharib Development Lease Producing Fields 45.2 km2 (11,600 acres) Pipeline Facilities 3 producing fields, approximately 300 MMBbl PIIP, 50 MMBbl produced…
  15. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 15
    Egypt - Western Desert Alexandria SOUTH Cairo EAST GHAZALAT ALAMEIN 100 Km Two new development projects in 2011 Safwa & Boraq discoveries Production ramp-up in 2012 Additional exploration late 2012 16 NASDAQ: TGA TSX:…
  16. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 16
    Egypt: East Ghazalat Western Desert Qattara Exploration Concession Ridge Operated by Vegas Oil and Gas SA Producing Field Development Lease 50% Working Interest Oil Prospect 645 km2, 159,300 acres Safwa Development Plan…
  17. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 17
    Egypt: South Alamein Western Desert Exploration Lease Subject to closing conditions 3-D Seismic and Egyptian Government approval 50% Working Interest as Operator Boraq-2X 2,258 km2 (558,120 acres) Boraq-2X (oil discovery well)…
  18. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 18
    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) 2,722 Bopd current BLOCK S-1 36.19/Bbl…
  19. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 19
    Q&A 20 NASDAQ: TGA TSX: TGL
  20. CONFERENCE CALL Q2 2011 RESULTS – Transglobe Energy Corporation – slide 20
    Conference Call Q2 2011 Results August 8, 2011

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