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Q3 2011 EARNINGS CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Nov 9, 2011 · 17 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. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 1
    Conference Call Q3 2011 Results November 9, 2011
  2. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 2
    Conference Call Q3 2011 Results November 9, 2011
  3. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 3
    Q3 2011 Financial Highlights Record funds flow of 37.5 MM (0.50/share) 96% increase over Q3 2010 28% increase over Q2 2011 Record net income of 26.1 MM (0.35/share) 180% increase over Q3 2010 19% increase over Q2 2011 Strong…
  4. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 4
    Q3 2011 Balance Sheet MM Long-term debt (57) Working capital (cash 105 MM) 164 Positive working capital (net of long-term debt) 107 5 NASDAQ: TGA TSX: TGL
  5. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 5
    Q3 2011 Operating Highlights Q3 Production: 13,406 Bopd up 13% from Q2 Egypt: 11,138 Bopd; 2% lower than Q2/11 Production curtailed 800 Bopd at GPC terminal during Q3 Yemen: 2,268 Bopd; 382% higher than Q2/11 S1 shut-in all Q2…
  6. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 6
    Recent Daily Production 16,000 14,000 November 12,000 Production 12,000 Bopd 10,000 (11.812.2 MBopd) Oil Sales (bopd) 8,000 6,000 4,000 Godah Tasour 2,000 An Nagyah West Gharib 0 Jan-11 Feb-11 Mar-11…
  7. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 7
    2011 Production Guidance Production Guidance for 2011 Revised 12,000 12,300 Bopd Up 22% over 2010 Egypt 10,500 Bopd for 2011 Up 45% over 2010 Catalysts for growth W Gharib export constraints 1,000 Bopd W Bakr acquisition 4,000…
  8. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 8
    Updated 2011 Funds Flow Guidance Updated Funds Flow from Operations of 120 MM (1.60/share) for 2011 Up 47 MM or 64% from 2010 On a per share basis, up 0.54/share or 51% from 2010 Guidance is based on Q-3 actuals + forecast…
  9. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 9
    Egypt: West Gharib West Gharib Development Lease West Bakr Development Lease SOUTH Producing Fields 8 Development leases RAHMI Pipeline 100% Working Interest 7 Producing fields EAST Current production 11,500+ ARTA Bopd (Brent…
  10. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 10
    Egypt: West Gharib Q3 2011: drilled 14 wells 11 oil, 1 service well & 2 dry wells 2011 YTD: drilled 37 wells (Oct 31/11) 31 oil, 4 service wells & 2 dry wells 44 wells planned for 2011 primarily in Nukhul formation 11…
  11. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 11
    Egypt: West Bakr West Bakr Development Lease West Gharib Development Lease 100% Working Interest Producing Fields Pipeline 45.2 km2 (11,600 acres) Facilities 3 producing fields, approximately 300 MMBbl PIIP, 50 MMBbl produced…
  12. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 12
    Egypt - Western Desert Alexandria EAST GHAZALAT SOUTH ALAMEIN Cairo 100 Km Two new development projects in 2011 Safwa & Boraq discoveries Production ramp-up in 2012 Additional exploration late 2012 13 NASDAQ:…
  13. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 13
    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…
  14. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 14
    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)…
  15. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 15
    Republic of Yemen KINGDOM OF Four Blocks SAUDI ARABIA 13.8% - 25% W.I. N Production REPUBLIC OF Sharing YEMEN Agreements 1.14 million acres Two Producing BLOCK 32 Blocks (32 & S-1) Q3 2,268 Bopd S1 producing July BLOCK S-1…
  16. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 16
    Q&A 17 NASDAQ: TGA TSX: TGL
  17. Q3 2011 EARNINGS CALL – Transglobe Energy Corporation – slide 17
    Conference Call Q3 2011 Results November 9, 2011

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