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Q1 2011 EARNINGS CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · May 9, 2011 · 18 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. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 1
    Conference Call Q1 2011 Results May 9, 2011
  2. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 2
    Q1 2011 Financial Highlights Record funds flow from operations of 24.3 MM (0.33/share), 29% increase over Q1 2010 Net income of 2.9 MM (0.04/share), after an 11.7 MM impairment of exploration and evaluation assets of the Nuqra…
  3. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 3
    Q1 2011 Balance Sheet MM Long-term debt (60) Working capital (cash 86 MM) 135 Positive working capital (net of long-term debt) 75 Subsequent to March 31, TransGlobe collected 59 MM of receivable balances at March 31 increasing…
  4. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 4
    Q1 2011 Operating Highlights Q1 2011 Production: 11,218 Bopd 13% from 2010* Egypt: 8,738 Bopd; 20% from 2010* Yemen: 2,480 Bopd; 8% from 2010* April 2011 Production: 11,970 Bopd Egypt: 11,468 Bopd; 58% from 2010* Yemen: 502…
  5. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 5
    Recent Daily Production 14,000 12,000 May Recent 11,700 Bopd 10,000 Oil Sales (bopd) 8,000 6,000 4,000 Godah Tasour An Nagyah 2,000 West Gharib 0 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11…
  6. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 6
    Revised 2011 Production Guidance Revised Production Guidance for 2011 13,000 13,500 Bopd, 33% over 2010 13,250 Bopd mid-point (same as orig. 2011 Guidance) 11,620 Bopd Egypt, 60% over 2010 1,300 Bopd from orig. 2011 Guidance…
  7. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 7
    Revised 2011 Funds Flow Guidance Revised Funds Flow for 2011 Q-1 actuals + forecast Production 13,250 Bopd Brent pricing for final 3Qs of 11 Revised Funds flow (Brent Pricing) 99 MM at 75/Bbl (1.34/share) 118 MM at 85/Bbl…
  8. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 8
    West Gharib PSC, example Sensitivity to Oil Price (W. Gharib pricing) at 10,000 Bopd, 60 MM/year constant investment Increasing prices recover Cost Pools rapidly, Increasing price = Profit Oil % increases Increasing price = Companys…
  9. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 9
    Mid-East Focus - 2011 Plan Capital Budget: 90.0 MM Atlantic Ocean EUROPE Development / Exploration on Blocks S-1/75/72 8% of budget ARAB REPUBLIC OF Up to 3 wells EGYPT AFRICA REPUBLIC OF YEMEN Up to 49 wells 90%…
  10. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 10
    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…
  11. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 11
    Egypt: West Gharib Q1 2011: drilled 8 oil wells in Arta / East Arta 3 Upper Nukhul wells 5 Lower Nukhul (Upper & Lower) wells 2011 year-to-date: drilled 12 oil wells in Arta / East Arta 6 Upper Nukhul wells 6 Lower Nukhul (Upper…
  12. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 12
    West Gharib: Arta / East Arta Development Lease EAST ARTA Producing Field Carbonate Unassigned Area Upper Nukhul: Undeveloped wells 43 undeveloped locations (40 acre spacing) (40 acre spacing) 18 producing wells Total 61 Upper…
  13. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 13
    Upper and Lower Nukhul Development EAST ARTA Development Lease Producing Field Q1 New Drills 8 wells Carbonate Unassigned Area 5 Upper/Lower Nukhul 3 Upper Nukhul Q2 New Drills 4 wells 1 Upper/Lower Nukhul 3 Upper Nukhul…
  14. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 14
    Egypt: West Bakr West Bakr Development Lease West Gharib Development Lease Producing Fields 2 Development leases Pipeline Facilities 100% Working Interest 45.2 km2 (11,600 acres) 3 producing fields, approximately 300 MMBbl…
  15. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 15
    Egypt: West Bakr Transaction Announced Sale and Purchase Agreement on March 28, 2011 Purchase price 60 MM cash plus or minus closing adjustments Effective date July 1, 2010 Production approx. 4,000 Bopd gross Reserves (July 1,…
  16. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 16
    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…
  17. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 17
    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 Shut-in March 17 Two Producing BLOCK 32 Blocks (32 & S-1) 2,480 Bopd in Q1 2011…
  18. Q1 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 18
    Contact Information INVESTOR RELATIONS Scott Koyich T: 403.264.9888 E: investor.relationstrans-globe.com W: www.trans-globe.com 19 NASDAQ: TGA TSX: TGL

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