Q2 2012 Financial Highlights Q2 Gross Revenues of 148 MM Six months of 307.5 MM Q2 Funds from Operations of 35.2 MM Six months of 71.3 MM Q2 Net Earnings of 30.1 MM (includes 8.8 MM unrealized gain on Convertible Debenture) Six…
Q2 2012 Financial Highlights Q2 Average Pricing of 95.84/Bbl Six Months of 100.28/Bbl Q2 After Tax Netbacks of 26.49/Bbl Six months of 27.02/Bbl Q2 Accounts Receivable collections of 41.4 MM Six months of 56.9 MM 29.5 MM was…
Q2 2012 Balance Sheet MM Net Working Capital (cash 72.2) 240 Long-term debt: Reserve Base Loan 38 Convertible Debenture 95 Total Debt 133 Positive Working Capital 107 (net of long-term debt and convertible debentures) 6…
Q2 2012 Operating Highlights Q2 Production: 16,978 Bopd up 2% from Q1/12 Egypt: 16,586 Bopd; West Bakr 4,230 Bopd West Gharib 12,356 Bopd Yemen: 392 Bopd; S1 shut-in during Q2 July 2012 Production: 17,965 Bopd up 6% from Q2/12…
Recent Daily Production 20,000 18,000 August 16,000 Recent 14,000 18,600 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 Aug-11 Sep-11 Oct-11 Nov-11…
Updated 2012 Guidance Production 17,000 to 18,600 Bopd for 2012 Mid Point of guidance 17,800 Bopd for 2012 Updated funds flow for 2012 Q 1&2 actual funds flow + forecast Mid Point of guidance 17,800 Bopd Brent pricing for final…
Land Holdings SOUTH MARIUT EAST Cairo GHAZALAT SOUTH ALAMEIN Yemen - Net Acres 244,624 Block 32 GROSS ACRES Block 72 40,087 WEST Block S1 West Gharib/West GHARIB Block 75 827,678 Bakr 355,832 South Alamein East…
Egypt: West Gharib & West Bakr West Gharib & West Bakr Development Lease 100% Working Interest SOUTH RAHMI Producing Fields Pipeline Current production 17,400 Bopd Brent price minus 12% EAST Blended price ARTA 33 Wells…
Egypt: West Gharib & West Bakr West Gharib Development Lease West West SOUTH Totals RAHMI West Bakr Development Lease Gharib Bakr Producing Fields Q1 Drilling Pipeline Oil 9 - 9 EAST Q2 Drilling ARTA Oil 5 2 7 ARTA West…
Egypt: Western Desert Two new development Alexandria projects to kick-off in 2012: SOUTH MARIUT East Ghazalat EAST Safwa GHAZALAT South Alamein - SOUTH ALAMEIN Boraq Cairo Production ramp- up in 2013 Additional 100 Km…
East Ghazalat Non-Operated - 50% W.I. Qattara Exploration Concession Ridge Bahariya / Safwa Development Producing Field Plan Development Lease 22 locations (160 acre spacing) Oil Prospect First oil in Sept/12 (initially capped…
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-5 2012 Discovery Well Western Desert Exploration Lease Boraq-4 3-D Seismic Oil prospects AR-E…
South Alamein: Boraq Development Plan 13 development locations mapped, on 160 acre spacing Production estimated to begin in mid 2013 Per well IPR of up to 1,500 bopd Project potential 7,000-10,000 bopd 90 MM in existing cost…
South Mariut Mediterranean Sea Operator - 60% W.I. Exploration Concession Acquired June 7, 2012 Oil Prospect Offshore Gas Fields Potential High Impact Exploration Exposure Contracted 2,000 HP rig Alexandria for up to 4 wells…
South Mariut - Impact of Discovery A discovery at South Mariut could add 7,000- 10,000 bopd South Mariut Additional prospects mapped on 3-D About 3 years remaining on exploration phases (April 2015) Significant existing cost…
EGPC 2011 Bid Round Total Onshore Offering (Closed March 29, 2012) Western Desert: 7 Blocks, 2.8 million acres Eastern Desert: 3 Blocks, 0.3 million acres NW Gharib 162,000 acres SW Gharib 50,000 acres SE Gharib 126,000 acres…
Republic of Yemen Four Blocks KINGDOM OF 13.8% - 25% W.I. SAUDI ARABIA N Production Sharing REPUBLIC OF Agreements YEMEN 1.14 million acres Pipeline repaired Two Producing July 2012 Blocks (32 & S-1) BLOCK 32 B32, 392 Bopd…
The Roadmap to 40,000 Based on currently identified opportunities and upside predictions, TransGlobe targeting production rate of 40,000 Bopd in five years Peak Production (bopd) 2012 EGPC Bid Round 10,000-15,000 South…
Loading...
