Q2 2013 Financial Results Revenue 152.7 million (90.48/Bbl) Netback of 37.7 million (22.32/Bbl) G&A and financing costs 8.5 million (5.06/Bbl) Funds Flow of 32.9 million (0.45/share) Wrote down South Mariut 19.7 million in Q2 Net…
Q2 2013 Financial Results (cont.) 101.4 million in cash (1.37/share) 286.8 million in positive working capital (3.88/share) 189.8 million in working capital after deduction of LTD (2.57/share) Re-established Borrowing Base at 100…
Q2 2013 Operating Highlights Production (Bopd) Q2 July West Gharib 12,829 12,024 West Bakr 4,889 5,070 East Ghazalat 393 241 Egypt Total 18,111 17,335 Yemen* 306 316 Production Total 18,417 17,651 * Block S-1 shut in 6
Recent Daily Production 25,000 Q2 18,417 20,000 Bopd 15,000 July Oil Sales (bopd) 17,651 10,000 Bopd Block 32 Block S-1 5,000 East Ghazalat West Bakr West Gharib 0 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13…
2013 Guidance Production guidance 19,000 20,000 Bopd mid-point of 19,500 Bopd Funds flow guidance of 145 million (1.92/share) Includes first half of 2013 actuals and 100/Bbl Brent for the second half of 2013 8.2 million…
Egypt Land Holdings West GROSS ACRES Gharib/ West Bakr 1.3 million NW,SW,SE 40 Gharib South 335 Alamein 356 102 465 East South Ghazalat Ghazalat 9
West Gharib 100% Working Interest, Operated 2013 plan (18 wells) Q2 drilled 5 oil wells YTD drilled 12 wells 11 oil wells, 1 D&A (92% success) Initiated well stimulation program in late June (19 wells plus new drills)…
West Bakr 100% Working Interest, Operated 2013 plan (15 wells) Q2 drilled 4 oil wells New pools H&M H YTD drilled 10 wells 10 oil wells M (100% success) K Continued pump, waterflood and facility optimization projects…
New Concessions 100% Working Interest, Operated NW Gharib 655 square kilometers (162,000 acres) 79 exploration and appraisal locations identified SW Gharib 195 square kilometers (48,000 acres) SE Gharib 508 square kilometers…
East Ghazalat 50% Working Interest, Non-Operated North Dabaa Sabbar 2 Safwa 3 Discovery July production 482 Bopd (241 Bopd to TransGlobe) 2013 plan 5 wells (4 firm, 1 contingent) Drilled development wells (Q2) Safwa 3 25…
South Alamein 100% Working Interest, Operated Boraq 2013 plan (8 wells) 2 Appraisal 6 Exploration Prospects Taef 2013 Revised Plan (2 wells) Military approval for West Manar West Manar and Taef exploration wells (2 of 8)…
New Concession 100% Working Interest, Operated North Dabaa Discovery S Ghazalat - 1,883 square kilometers (465,000 acres) Company to acquire extensive 3D seismic over area prior to drilling exploration wells 15
Yemen (25% Working Interest); (13.81%/20% Working Interest) Block 32 Salsala Exploration Well Godah 13 Oil well Drilling Salsala 1 exploration well Block S-1 shut in November 11, 2012 Block S-1 Production in October of 6,800…
Q&A 17
Conference Call Q2 2013 Results August 12, 2013 18
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