Corporate Presentation April 2012 NASDAQ: TGA TSX: TGL
Definitions Reserve and Resource Definitions Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of…
Definitions Resources encompasses all petroleum quantities that originally existed on or within the earth's crust in naturally occurring accumulations, including Discovered and Undiscovered (recoverable and unrecoverable) plus…
Mid-East Focus - 2012 Plan Atlantic Ocean Capital Budget: 70-90 MM 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…
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…
Arab Republic of Egypt 2004 entry into Egypt via farm-in 100% Working Interest in West Gharib 100% Working Interest in West Bakr 71.43% Working Interest in Nuqra 50% Working Interest in East Ghazalat Fiscal regime: Production…
Egypt Impact of the Revolution At its peak the stock market lost around 50% of value Tourism, FDI and remittances have all reduced dramatically resulting in a drop in US reserves have from 33bln to approx. 15bln Changes at senior…
Production (KBOE/d) 2500 Upper Egypt (Egypt) Sinai (Egypt) Traditional areas such as the 2000 Eastern Desert (Egypt) Gulf of Suez have shown Nile Delta (Egypt) significant decline Western Desert (Egypt) 1500 Gulf of Suez (Egypt)…
TransGlobe 6th Highest Oil Producer Working Interest Net Oil Production Kbbls/d 200.0 180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 2012, 3.3 0.0 10 NASDAQ: TGA TSX: TGL
Contract Oil Splits X% (1-X)% Excess cost oil share Capital costs are recovered over 4 or 5 years depending on the contract Opex recovers in the year Typically 30 40% of the Oil is available as Cost Oil West Gharib…
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 minus…
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 (Bopd)…
West Gharib Upside SOUTH Ultimate 2P April 2012 Recovery 2P RAHMI Recoverable Recovery Cumulative Factor Remaining PIIP 2P Reserves Factor Production To Date Reserves Concession (MMbbl) (MMbbl) (%) (MMbbl) (%) (MMbbl) EAST West…
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 Oil…
West Bakr Upside SOUTH Ultimate 2P April 2012 Recovery 2P RAHMI Recoverable Recovery Cumulative Factor Remaining PIIP 2P Reserves Factor Production To Date Reserves Concession (MMbbl) (MMbbl) (%) (MMbbl) (%) (MMbbl) EAST West Bakr…
Egypt Exploration Acreage East Ghazalat and South Alamein are in the 2nd & Final Extension Period and expire in Q2 2014 TG-operated South Alamein has one oil discovery to date East Ghazalat East Ghazalat has been awarded a 50%…
South Alamein TransGlobe-operated at 50% working interest in 177,916 acres subject to Government approval Currently in final exploration phase, expiring April 2014 - 6 month extension possible 89 mm spent to date (78 mm accepted…
East Ghazalat Operated by Vegas; TG has 50% working interest in 159,384 acres (gross) Currently in the 1 st Extension Period which expires June 2012 East Ghazalat 2011 Vegas initiated sales process (TransGlobe has a Pref. Right)…
EGPC 2011 Bid Round West Gharib and West Bakr Development Leases shown Total Onshore Offering (Closing March 29, in yellow 2012) Western Desert: 7 Blocks, 2.8 million acres Eastern Desert: 3 Blocks, 0.3 million acres NW…
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