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JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation

Transglobe Energy Corporation · Jan 13, 2015 · 24 slides

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Slides

  1. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JANUARY 2015
  2. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Alexandria Currently 98% of production Suez Cairo Proven track record with extensive Middle East experience Extensive and diversified portfolio of development and exploration Egypt…
  3. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 3
    INVESTMENT HIGHLIGHTS 2.7 Million gross acres of land 2014 Production of 16,100 Bopd 9 Projects in Egypt 2014 Exploration & Development 4 Projects in Yemen 43 Wells 2013 2P Reserves of 45.3 MMBbl 1,000 km2 of 3-D seismic 325 km of 2-D…
  4. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 4
    SNAPSHOT OPERATIONS 2014 DRILLING PROGRAM Q1 + Q2 + Q3 Production average(Bopd) 16,417 2014 CONCESSION EXPL Total Egypt Production 16,038 APP/DEV Yemen Production 379 West 9 1 10 Gharib Q4 Production (Bopd) 15,183 West Bakr 12 1…
  5. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 5
    PRODUCTION AND RESERVES 6
  6. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 6
    FUNDS FLOW AND RESERVES/SHARE * * Forecasted at 82.50 Brent in Q4-2014 7
  7. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 7
    EGYPT ASSETS: EASTERN DESERT 8
  8. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 8
    EASTERN DESERT DRILLING HISTORY 2007-2014 40 Current NW Gharib Drilling Totals West Bakr Producing Wells 30 West Gharib Oil Wells 157 West Gharib 77 20 West Bakr 48 D&A Wells 31 10 Total 125 Success Rate 84% 0 2007 2008 2009…
  9. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 9
    WEST GHARIB: 100% WI - OPERATED 2014 10 wells drilled Waterflood optimization Facility centralization and upgrades Q4 8,434 Bopd Drilled 1 oil well at East Arta 2014 Drilling Results Drilled 10 wells (9 oil, 1 D&A) Arta/East…
  10. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 10
    NW GHARIB: 100% WI - OPERATED 2014 15 Wells Drilled 18 16 3 2 17 6 3 oil discoveries 1, 3 & 5 15 11 13 12 9 7 14 2 successful appraisal 8 1 wells - 16, 5B 4 9 D&A - 4, 6, 7, 8, 10, 11, 13, 15 & 17 5 1 suspended at 2…
  11. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 11
    WEST BAKR: 100% WI - OPERATED 2014 13 wells drilled H Water flood optimization Facility upgrades and optimization M Q4 K 5,965 Bopd Drilled 4 oil wells 2014 Drilling results: Drilled 13 wells (11 oil, 1 injector, 1 D&A) K…
  12. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 12
    EASTERN DESERT: 100% WI - OPERATED Executing large seismic program for 2014/15 in NW Gharib Egypt Total program 1,400 km 3-D & 300 km 2-D Eastern Desert 1,000 km 3-D & 300 km 2-D Western Desert 400 km 3-D NW Gharib 3-D…
  13. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 13
    SE GHARIB: 3-D SEISMIC ACQUISITON 14
  14. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 14
    EGYPT ASSETS: WESTERN DESERT * *Pending Ratification 15
  15. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 15
    SOUTH ALAMEIN: 100% WI - OPERATED Acquired in 2012 Future Plan Contingent on Boraq access Boraq 2 tested at 1,700 Bopd* Exploration period Clock stopped 20+ months from access approval Retained 800 km 2 *The primary…
  16. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 16
    EAST GHAZALAT: 50% WI - NON-OPERATED North Dabaa Dev Lease Safwa Dev Lease Q4 574 Bopd to TG 2014 Drilled 5 wells 3 Safwa oil wells 1 N.Dabaa 2 tested Gas/Condensate well 1 D&A 17
  17. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 17
    NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2015 Plan: 3-D seismic 400 km2 3-D seismic planned S. Ghazalat N.W. Sitra* NW Sitra* Awarded in 2014 Waiting on ratification Total 2015 3-D Seismic…
  18. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 18
    YEMEN: 25% / 13.81% WI 2014 Plan Projects and wells Salsala Exploration Well delayed due to tribal issues Q4 210 Bopd Sales B-32 only Block S-1 (1,500 Bopd to TG) remains shut in since Feb/14 due to labour negotiations with…
  19. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 19
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JANUARY 2015
  20. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 20
    EGPC ACCOUNTS RECEIVABLES Total EGPC collections in 2014 were 233.5 million Received payment for 1.5 liftings in Q4 cargo was lifted on October 27th 20 Million Full cargo was lifted on November 18th 37 million Received lump sum…
  21. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 21
    OIL PRICE SENSITIVITY Q3 2014 YTD PSCs are resilient in a decreasing price environment: Notionally, if Dated Brent had been 80 (Q3 2014) YTD: Funds Flow would have been 68 million, versus 53 Realized Price million or 15 million…
  22. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 22
    EXECUTIVES AND DIRECTORS Robert G. Jennings - Director, Chairman Ross G. Clarkson - Director, President and CEO Lloyd W. Herrick - Director, VP and COO Geoffrey C. Chase - Director Fred J. Dyment - Director Susan MacKenzie Director…
  23. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 23
    ANALYST COVERAGE Christopher Brown, Canaccord Genuity, Calgary, Canada David Phung, Credit Suisse Securities, Calgary, Canada Victor Vallance, Edgecrest Capital, Toronto, Canada Peter Lynch, Edison Investment Research Ltd., London,…
  24. JANUARY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 24
    CONCESSION SUMMARY Working Concession Size (acres) Year Concession First Production Q3 2014 Concession Interest Gross Net Acquired Type Date Sales West Gharib 100% 28,904 28,904 2007 Development January 2000 9,092 NW Gharib 100%…

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