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Q1 2015 EARNINGS CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · May 7, 2015 · 13 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 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 1
    Q1 2015 RESULTS CONFERENCE CALL MAY 7, 2015
  2. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 2
    Q1 FINANCIAL HIGHLIGHTS Production volumes averaged 14,886 Bopd and sales volumes averaged 12,876 Bopd in Q1 2015 Negative funds flow of 3.3MM (0.04/share-diluted) If crude held as inventory had been sold, funds flow would have been…
  3. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 3
    Q1 NETBACKS ACTUAL SALES PRODUCTION - AS IF SOLD EGYPT MM /Bbl % MM /Bbl % Sales 53.4 46.71 61.8 46.71 Royalties 25.0 21.90 47% 25.0 18.93 41% Current taxes 6.8 5.96 13% 6.8 5.15 11% Production and operating expenses 13.0 11.37…
  4. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 4
    OIL MARKETING Marketing will improve liquidity, decrease credit risk and improve pricing for West Bakr production Sold first cargo in February, and payment was received in full late March AR outstanding and Months The company lifted…
  5. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 5
    CURRENT DAILY PRODUCTION TRANSGLOBE TOTAL DAILY 20,000 West Bakr Well Reactivations Production (bopd) 15,000 10,000 Block 32 Block S-1 5,000 East Ghazalat West Bakr New PCP Pumps Installed West Gharib 0 May-14…
  6. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 6
    2015 DEVELOPMENT PROJECT INVENTORY North West Gharib discoveries (1,3 & 5) West Bakr South K-Field extension West Bakr shut-in/suspended well workover program Waterflood optimization projects at West Gharib and West Bakr Block S-1…
  7. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 7
    INVESTMENT HIGHLIGHTS 2.7 Million gross acres of land 2015 Exploration focus 9 Projects in Egypt Complete shooting, processing and 2 Projects in Yemen interpreting 1,400 km2 of 3-D and Strong balance sheet with net working 325 km of 2-D…
  8. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 8
    EGYPT ASSETS: EASTERN DESERT 9
  9. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 9
    WEST GHARIB: 100% WI - OPERATED Production Installed new PCPs Q1 Q1 2015 - 9,258 Bopd April 2015 9,010 Bopd 2015 Plan 1 well at Hana (suspended Jan) Reservoir studies underway Hana simulation Hana West update Arta Red Bed…
  10. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 10
    NW GHARIB: 100% WI - OPERATED 2015 Plan 16 3 3 wells drilled (1 oil and 2 dry) 2 Progress three (NWG 1, 3 & 5) oil developments toward first production late 15/early 16 14 1,500-2,000 Bopd initial 1 production potential*…
  11. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 11
    WEST BAKR: 100% WI - OPERATED Production Q1 2015 - 4,931 Bopd New service rig, mid Feb/15 H April 2015 - 5,516 Bopd 2015 Plan Drilled 1 water injector H field South K field drill program (6-12 wells)* M Restricted access since…
  12. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 12
    EGYPT ASSETS: WESTERN DESERT Four Concessions: 3 operated, 1 non-operated Presently acquiring 400 km 3-D in South Ghazalat 13
  13. Q1 2015 EARNINGS CALL – Transglobe Energy Corporation – slide 13
    NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2015 Plan: 3-D seismic 400 km2 3-D seismic acquisition S. Ghazalat underway N.W. Sitra NW Sitra Awarded in 2014 Ratified January 2015 3-D seismic in 2016…

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