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ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation

Transglobe Energy Corporation · May 8, 2012 · 22 slides

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Slides

  1. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 1
    Annual General Meeting of the Shareholders May 8, 2012 NASDAQ: TGA TSX: TGL
  2. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 2
    Growth-Oriented International Story Strong balance sheet Focused on Egypt and Yemen Combined 10 international blocks with 5.5 million acres (including pending South Alamein & South Mariut) Low-risk production growth plus…
  3. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 3
    Production Growth Average Daily Production Production per Share (Bopd) (Bopd/thousand shares, diluted) 16,000 to 20,000 20,000 0.22 to 0.26 18,000 Egypt 18,000 Yemen 16,720 Mid-point 0.27 16,000 0.24 Mid- 0.24 point 0.22…
  4. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 4
    Reserves Growth P+P Reserves P+P Reserves per Share 45 (MMBbl) 44.2 0.60 (Bbl/share diluted) 0.59 40 Egypt 0.50 Yemen 35 Canada*(Boe) 30.4 0.44 30 0.40 0.38 24.2 0.33 25 19.8 0.30 0.27 20 16.4 15 0.20 10 0.10 5 0.00 0…
  5. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 5
    Finding & Development Costs Top Tier F&D and Recycle Ratios Three-year Weighted 2P 2011 2010 2009 Average Netback* 26.24/Bbl 20.07/Bbl 13.75/Bbl 20.65/Bbl F&D 7.07/Bbl 10.90/Bbl 5.17/Bbl 8.04/Bbl Recycle Ratio 3.71 1.84 2.66…
  6. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 6
    Well Funded Funds Flow from Operations Funds Flow from Operations per Share (MM) (/share, diluted) 160 * 155 2.25 * 2.06 140 2.00 1.75 120 1.50 100 1.25 80 1.00 60 120 1.60 0.75 1.08 40 75 0.50 0.70 45 0.48 Q1 20 36.1 Q1…
  7. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 7
    The Roadmap to 40,000 Five Year Strategic Plan Concession Peak Production (Bopd) Based on currently identified West Gharib 12,000 14,000 opportunities and upside West Bakr 6,000 8,000 predictions, TransGlobe has East Ghazalat…
  8. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 8
    Mid-East Focus - 2012 Plan Capital Budget: 70-90 MM Atlantic Ocean EUROPE Development / Exploration on Blocks S-1/75/72 5% of budget ARAB REPUBLIC OF 2 new wells EGYPT AFRICA REPUBLIC OF YEMEN 95% of budget…
  9. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 9
    Arab Republic of Egypt EAST SOUTH GHAZALAT MARIUT Cairo SOUTH ALAMEIN WEST EGYPT GHARIB WEST BAKR ARAB REPUBLIC OF EGYPT NUQRA 10 NASDAQ: TGA TSX: TGL
  10. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 10
    Arab Republic of Egypt 2004 entry into Egypt via farm-in 100% Working Interest in West Gharib 100% Working Interest in West Bakr 100% Working Interest in South Alamein (subject to closing conditions and Egyptian Government…
  11. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 11
    Egypt: West Gharib & West Bakr West Gharib & West Bakr Development Lease SOUTH Producing Fields 9 Development leases RAHMI Pipeline 100% Working Interest 10 Producing fields EAST Current production 16,800 ARTA Bopd (Brent price…
  12. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 12
    Egypt: West Gharib Following TransGlobes acquisition of West Gharib in 2007, substantial increases have been achieved in activity levels, oil production and oil reserves Ultimate Oil Recoverable Well Sales 2P Reserves* Count…
  13. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 13
    Egypt: West Bakr Following the successful growth achieved at West Gharib, knowledge and experience gained will be applied at West Bakr to capitalize on the conservative development strategy employed by the prior operator Ultimate…
  14. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 14
    Egypt: Western Desert Two new development Alexandria projects in 2012: Safwa & Boraq SOUTH discoveries MARIUT EAST Production ramp- GHAZALAT up in 2012 SOUTH Additional ALAMEIN exploration late Cairo 2012 100 Km…
  15. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 15
    Egypt: East Ghazalat Western Desert Qattara Exploration Concession Ridge Operated by Vegas Oil and Producing Field Gas SA Development Lease Oil Prospect 50% Working Interest 645 km2, 159,300 acres Safwa Development Plan…
  16. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 16
    East Ghazalat: Safwa Development Plan 50,000 40,000 Bahariya Safwa development plan Production (bopd) 30,000 approved: 22 undeveloped locations 20,000 (160 acre spacing) identified 10,000 First oil expected Q2 2012…
  17. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 17
    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)…
  18. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 18
    South Alamein Boraq Appraisal Development lease will be applied for once Ministerial approval is received for the CEPSA acquisition Boraq-3 The El Paso acquisition does not require government approval Boraq-5 Boraq-2X Discovery…
  19. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 19
    South Alamein: Boraq Development Plan 50,000 Development lease will be applied for 40,000 once ministerial approval is received for the CEPSA acquisition Production (bopd) 30,000 Drilling of 2 additional appraisal wells 20,000…
  20. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 20
    Egypt: South Mariut Mediterranean Sea Subject to closing conditions, expected closing June 2012 Exploration Concession Oil Prospect 60% Working Interest as Offshore Gas Fields Operator 3,350 km2 (827,500 acres) Alexandria Near…
  21. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 21
    The Roadmap to 40,000 Five Year Strategic Plan Concession Peak Production (Bopd) Based on currently identified West Gharib 12,000 14,000 opportunities and upside West Bakr 6,000 8,000 predictions, TransGlobe has East Ghazalat…
  22. ANNUAL GENERAL MEETING OF THE SHAREHOLDERS – Transglobe Energy Corporation – slide 22
    Annual General and Special Meeting of the Shareholders May 8, 2012 NASDAQ: TGA TSX: TGL

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