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Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Jul 1, 2014 · 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. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 1
    Q1 2014 RESULTS CONFERENCE CALL MAY 7, 2014
  2. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 2
    Q1 2014 FINANCIAL HIGHLIGHTS Funds flow of Earnings of 32.5MM 16.7MM (0.43/share) (0.22/share) Spent 107.6MM in 14.3MM on cash and cash expl and dev equivalents Positive Collected working capital 29.4MM from of 258.9MM…
  3. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 3
    EGPC ACCOUNTS RECEIVABLES Total Collections in 2013 were 275 Million (2012, 157 Million) Collections in Q1 were 29.4 Million Targeting 250 - 300 Million in 2014 AR outstanding vs Months outstanding* AR outstanding vs Production per…
  4. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 4
    2014 DIVIDEND Dividend program introduced to provide return to shareholders Special dividend of 0.10 per share will be paid on May 28, 2014 to shareholders of record on May 22, 2014 (ex-dividend date May 20, 2014) Initial quarterly…
  5. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 5
    Q1 SALES Sales (Bopd) Q1 April West Gharib 11,100 10,230 West Bakr 5,757 5,240 East Ghazalat 434 790 Egypt Total 17,291 16,260 Yemen 641 115 Sales Total 17,932 16,375 Production 18,067 6
  6. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 6
    CURRENT DAILY PRODUCTION 25,000 20,000 15,000 PCP Failures Oil Sales (bopd) 10,000 Block 32 Block S-1 5,000 East Ghazalat West Bakr West Gharib 0 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14…
  7. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 7
    2014 GUIDANCE 17,000 19,000 Bopd Mid-point 18,000 Bopd Production Egypt West Gharib, West Bakr, East Ghazalat Yemen Block S-1, B-32 125MM (1.66/share) Using Mid-point and 100 Brent Funds Flow 11MM (0.15/share) Funds flow…
  8. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 8
    EGYPT ASSETS East Ghazalat (50%) South Alamein (100%) Acquired 2010 Acquired 2012 102,000 Gross acres 197,000 Gross acres Dev & Expl Expl West Gharib (100%) CAIRO Acquired 2007 West Bakr (100%) 28,000 Gross acres Acquired…
  9. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 9
    WEST GHARIB: 100% WI - OPERATED Acquired field in 2007 Was producing 3000 Bopd 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades Q1 11,100 Bopd Drilled 5 wells 4…
  10. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 10
    NW GHARIB: 100% WI - OPERATED 2014 Plan NWG 3 Drill 15-16 wells NWG 2 NWG 1 to spud in June Second rig in July NWG 6 PSC terms NWG 7 Cost oil: 25% NWG 9 Contractor Share of Profit oil: 15% NWG 1 Capital costs recovered over 5…
  11. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 11
    WEST BAKR: 100% WI - OPERATED Acquired in 2011 Was producing 4,000 Bopd 2014 Plan H 17 wells Water flood optimization Facility upgrades and optimization M Q1 K 5,757 Bopd Drilled 3 oil wells YTD drilled 5 wells 2 oil wells K…
  12. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 12
    EASTERN DESERT: 100% WI - OPERATED Planning large seismic program for 2014/15 in Egypt Total program 1,800 km 3-D & 300 km 2-D NW Gharib Eastern Desert 1,000 km 3-D & 300 km 2-D Western Desert 800 km 3-D NW Gharib 2014 Plan: up to…
  13. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 13
    SOUTH ALAMEIN: 100% WI - OPERATED Acquired in 2012 Boraq Discovery 2014 Plan Contingent on Boraq access Boraq 2 tested at 1,700 Bopd* Expl period Clock stopped 20 + months from access approval Retained 800 square kilometers…
  14. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 14
    EAST GHAZALAT: 50% WI - NON-OPERATED Acquired in 2010 North Dabaa 2014 Plan Dev Lease Safwa Field 5 wells N Dabaa Dev Q1 434 Bopd 1 oil well, 1 D&A YTD drilled 3 wells EG 3 expl D&A 2 Safwa oil wells PSC terms Cost oil:…
  15. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 15
    SOUTH GHAZALAT: 100% WI - OPERATED North Dabaa Dev Lease 2014/2015 Plan Commence 800 km 3-D seismic program on SW portion of block PSC terms Cost oil: 25% Contractor Share of Profit oil: 15% Capital costs recovered over 5…
  16. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 16
    Q&A 17
  17. Q1 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 17
    Q1 2014 RESULTS CONFERENCE CALL MAY 7, 2014

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