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Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Mar 5, 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. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 1
    Conference Call Q4 & Year-End 2013 Results March 5, 2014
  2. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 2
    Conference Call Q4 & Year-End 2013 Results March 5, 2014
  3. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 3
    2013 Annual Financial Highlights Production increased 5% to 18,284 Bopd from an average of 17,432 Bopd in 2012 Funds flow from operations decreased by 9% to 139.1 million from 153.5 million in 2012 Decrease due to lower pricing and…
  4. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 4
    Q4 2013 Financial Highlights Funds flow from operations of 36.7 million (0.49/share), 10% increase over Q3 2013 Collections from EGPC amounting to 127.4 million or 46% of annual collections Average oil price received of 96.10/bbl,…
  5. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 5
    2013 Year-End Balance Sheet Working capital of 242 million, including 122 million in cash Accounts receivable reduced to 148.3 million as compared to 221 million as at 12/31/12 Collected 275.2 million in amounts outstanding from EGPC…
  6. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 6
    Production Average Daily Production (Bopd) 25,000 Yemen Egypt Canada 20,500 20,000 18,303 17,457 15,000 12,132 9,960 10,000 8,970 7,342 4,991 5,093 5,220 5,000 3,796 2,570 0 2003 2004 2005 2006 2007 2008 2009 2010…
  7. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 7
    Recent Daily Production January 18,932 Bopd February 18,100 Bopd 8
  8. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 8
    Egypt Land Holdings West GROSS ACRES Gharib/ West Bakr 1.3 million NW,SW,SE 40 Gharib South 335 Alamein 356 465 102 East South Ghazalat Ghazalat 9
  9. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 9
    West Gharib 100% Working Interest, Operated 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades YTD drilled 3 Arta wells 2 oil wells, 1 d&a Currently drilling at…
  10. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 10
    West Bakr 100% Working Interest, Operated 2014 Plan 17 wells Waterflood optimization Facility upgrades and optimization YTD drilled 2 wells 2 oil wells K field Drilling in H field Current Production (March/14) 6,100 Bopd 11
  11. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 11
    Eastern Desert - New Concessions 100% Working Interest, Operated Effective November 7, 2013 Planning large seismic program for 2014/15 in Egypt NW Gharib Total program 1,800 km 3-D & 300 km 2-D Eastern Desert 1,000 km 3-D & 300 km…
  12. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 12
    NW Gharib 100% Working Interest, Operated 2014 Plan Submitted 18 wells for approval 2 rigs (starting Q2, Q3) Initial wells targeting existing 3-D area around Arta/East Arta 71 million barrels of prospective resource* initially…
  13. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 13
    East Ghazalat 50% Working Interest, Non-Operated 2014 Plan 5 wells North Dabaa N Dabaa Dev Safwa Field Development YTD drilled 2 wells Lease EG 3 exp D&A Safwa oil well Completing Next well planned Safwa N Dabaa Dev lease…
  14. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 14
    South Ghazalat 100% Working Interest, Non-Operated North Dabaa Development 2014/2015 Lease Plan Commence 800 km 3-D seismic program on SW portion of block S Ghazalat - 1,883 square kilometers (465,000 acres) Company to…
  15. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 15
    Yemen Block S-1/ 75 (25% Working Interest); Block 32/ 72 (13.81%/20% Working Interest) 2014 Plan Salsala Exploration Well Block S-1 on production 50% during 2014 (Guidance) Block 32 3 wells in 2014 Salsala appraisal (2 wells)…
  16. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 16
    Q&A 17
  17. Q4 & YEAR END 2013 EARNINGS CALL – Transglobe Energy Corporation – slide 17
    Conference Call Q4 & Year-End 2013 Results March 5, 2014

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