Q1 2012 Financial Highlights First quarter funds flow of 36.1 MM (0.48/share) 36% increase over Q4 2011 First quarter net earnings of 11.0 MM (0.15/share) Inclusive of 7.8 MM (0.10/share) non-cash unrealized fair value loss on…
Q1 2012 Balance Sheet MM Long-term debt (58) Convertible debenture (106) (164) Working capital (cash 127) 264 Positive working capital (net of long-term debt and convertible debentures) 100 5 NASDAQ: TGA TSX: TGL
Q1 2012 Operating Highlights Q1 Production: 16,720 Bopd up 39% from Q4/11 Egypt: 16,423 Bopd; West Bakr 4,358 Bopd West Gharib 12,065 Bopd Yemen: 297 Bopd; S1 shut-in since Oct 8 2011 April 2011 Production: 16,749 Bopd WB; 4,314…
Recent Daily Production 18,000 16,000 May 14,000 Recent 16,800 Bopd 12,000 Oil Sales (bopd) 10,000 8,000 6,000 Block 32 4,000 Block S-1 West Bakr 2,000 West Gharib 0 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11…
Updated 2012 Funds Flow Guidance Updated funds flow for 2012 Q-1 actual funds flow + forecast 2012 Production 18,000* Bopd *Mid point of guidance of 16,000 to 20,000 Bopd Brent pricing for final 3Qs of 12 Funds Flow from…
Egypt: West Gharib & West Bakr West Gharib & West Bakr Development Lease SOUTH Producing Fields 9 Development leases RAHMI Pipeline 100% Working Interest 10 Producing fields EAST Current production 16,400 ARTA Bopd (Brent price…
Egypt: West Gharib Following TransGlobes acquisition of West Gharib in 2007, substantial increases have been achieved in activity levels, oil production and oil reserves Ultimate Oil Recoverable Well Sales 2P Reserves* Count…
Egypt: West Gharib Future Upside SOUTH Ultimate 2P April 2012 Recovery 2P RAHMI Recoverable Recovery Cumulative Factor Remaining PIIP 2P Reserves* Factor Production To Date Reserves** Concession (MMbbl) (MMbbl) (%) (MMbbl) (%)…
Egypt: West Bakr Following the successful growth achieved at West Gharib, knowledge and experience gained will be applied at West Bakr to capitalize on the conservative development strategy employed by the prior operator Ultimate…
Egypt: West Bakr Future Upside SOUTH Ultimate 2P April 2012 Recovery 2P RAHMI Recoverable Recovery Cumulative Factor Remaining PIIP 2P Reserves* Factor Production To Date Reserves** Concession (MMbbl) (MMbbl) (%) (MMbbl) (%)…
Egypt: West Gharib Drilled 12 wells YTD resulting in 12 Nukhul oil wells at Arta/E Arta 9 oil wells at Arta/E Arta in Q1 3 oil wells at Arta/E Arta in Q2 Moved 1 of 2 drilling rigs to W Bakr in April 14 NASDAQ: TGA TSX: TGL
Egypt - Western Desert Two new development Alexandria projects in 2012: Safwa & Boraq SOUTH discoveries MARIUT EAST Production ramp- GHAZALAT up in 2012 SOUTH Additional ALAMEIN exploration late Cairo 2012 100 Km…
Egypt: East Ghazalat Western Desert Qattara Exploration Concession Ridge Operated by Vegas Oil and Producing Field Gas SA Development Lease Oil Prospect 50% Working Interest 645 km2, 159,300 acres Safwa Development Plan…
Egypt: South Alamein Western Desert Exploration Lease Subject to closing conditions 3-D Seismic and Egyptian Government approval 100% Working Interest as Operator Boraq-2X 2,258 km2 (558,120 acres) Boraq-2X (oil discovery well)…
South Alamein Boraq Appraisal Development lease filing pending Ministerial approval of Cepsa WI% DoA (expected Q2 2012) Boraq-3 Multiple play types have been identified in the area, and the Boraq-5 Boraq-2X quality of seismic…
Egypt: South Mariut Mediterranean Sea Subject to closing conditions, expected closing June 2012 Exploration Concession Oil Prospect 60% Working Interest as Offshore Gas Fields Operator 3D Seismic Outline 3,350 km2 (827,500 acres)…
PSTM Time Volume Cret. Bahariya Fm. A Maruit A3-1 Al Azayem-1 (HL-10) A Apollonia Prospect Description Bahariya Source: Jurassic Khatatba Alamein Timing/Migration: Source presently generating, Migration is lateral and…
The Roadmap to 40,000 Five Year Strategic Plan Based on currently identified opportunities and upside predictions including successful acquisitions and bidding success, TransGlobe has mapped out a five year plan targeting a…
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