FOCUSED ON ESTABLISHED, UNDEREXPLORED PETROLEUM SYSTEMS Superior operator utilizing North American technology in known international hydrocarbon basins Seek favorable commodity prices, royalty and tax rates, hydrocarbon importers…
TURKEY: THREE-PART STRATEGY FOR GROWTH Molla Area (SE Turkey, Oil) elmo Field (SE Turkey, Oil) Thrace Basin (NW Turkey, Gas) Shot 872 km2 (337 mi2) 3D seismic Remodeled field to identify Four successful HZ wells drilled in 2013-2014…
SOUTHEASTERN TURKEY 16 WELLS DRILLED/SPUDDED YEAR-TO-DATE Perencos Kastel Field (EUR 15 MMBO) Drilled 8 elmo Field Spudded 2 Drilled 3 Bahar Field Spudded 1 Bat Raman Field Largest oil field in Turkey Drilled 1…
MOLLA AREA: BAHAR FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Initial wells vertical in order to de-risk the geology of the Bahar structure Vertical wells will test both the Bedinan and Hazro formations Top Bedinan Structure (10,000) Top…
MOLLA AREA: BAHAR FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Shot 872 kms2 (337 miles2) of new 3D seismic in Molla area in 2013-2014 Selecting Bahar field well locations based on new seismic Recently completed Bahar wells in the Molla…
ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Large, legacy carbonate field discovered in 1964 (second largest oil field in Turkey) Horizontal redevelopment of undrained Middle Sinan Dolomite (MSD) zone Recent success in southeastern…
ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Commenced secondary recovery in elmo in 2014 to increase field recovery Converted two wells to injection in early 2014 as part of waterflood pilot test Injecting polymer to increase…
ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Remodeled field using 3D seismic and increased well control Targeting undrained fault blocks in southeastern portion of the field with horizontal wells Recently completed wells in the elmo…
THRACE BASIN, NORTHWESTERN TURKEY 7 WELLS DRILLED/SPUDDED YEAR-TO-DATE Gerler Field Drilled 1 Drilled 2 Spudded 1 Drilled 3 Osmanl Tekirda Field Field 12
THRACE BASIN NORTHWESTERN TURKEY, NATURAL GAS, 41.5% WI Future proved reserves potential from horizontal drilling of tight gas in the Mezardere and Teslimkoy formations; applying multi-stage completion technology Shot 234 kms2 (90…
ALBANIA ACQUISITION RECENTLY ANNOUNCED ACQUISITION OF STREAM O&G Third Source of Production and Income Growth; Provides Geological and Geographical Diversification Large known oil in place, exploitation Three oil fields, one gas…
ALBANIA GROWTH PLAN RECENTLY ANNOUNCED ACQUISITION OF STREAM O&G Upgrade oilfield technology to optimize field recovery and increase production levels Drill infill and horizontal oil wells; reactivate wells; expand waterflood…
ALBANIA PRECEDENT: BANKERS PETROLEUM Bankers Petroleum Albanian Oil Assets Bankers signed a concession for the Patos-Marinza oil field in 2004 and developed it from 400 BOD to more than 20,000 BOD over a ten year period Field…
PATH TO ACHIEVE YEAR-END 2014 GUIDANCE Expect to spend 106 million of capex in Turkey in 2014 Investing 85% of capital in oil in southeast, 15% in northwest Q3-Q4 2014 Estimates Thrace Area Molla Area (SE Turkey, Oil) elmo Area…
WELL PLAN FOR REMAINER OF 2014 2014 exit rate guidance is based on conservative second half drilling results Targeted Estimated Net Analog Analog Basin Well Name Reserves Production Budget Well IP1 Bahar Vertical 250 BOPD 5.5MM…
RESERVES VALUE, SELLSIDE TARGETS 12/31/2013 Reserves Discounted at: Research Target US/Share MMBOE 0% 10% Sellside Firm Analyst Price PDP 5.7 11.68 8.76 Global Hunter Securities Andrew Smith 15.00 PDNP 0.9 1.44 0.99 SunTrust Rob.…
CONCLUSIONS Improved targeting in Molla area with newly acquired 3D seismic Horizontal drilling and secondary recovery in legacy elmo field to increase production Year-end 2014 exit rate guidance based on conservative estimates…
APPENDIX 21
OPERATING AND FINANCIAL HIGHLIGHTS Results for the period: Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Net Sales Oil (BBLD) 2,527 2,500 2,533 2,889 3,495 Natural Gas (MMCFD) 9.0 9.4 11.2 10.4 9.0 BOEPD 4,022 4,076 4,391 4,622 5,000…
YEAR-END 2013 RESERVES Total 1P + 1P + 2P + Total Proved Reserves PDP PDNP PUD Probable Possible (1P) (MMBoe) (2P) (3P) 12/31/2012 5.1 1.4 5.1 11.6 21.6 54.2 Reserve 2.3 (0.5) 0.5 2.3 4.3 2.0 Changes Production (1.7) 0.0…
PV-10 RECONCILIATION The PV-10 value of the estimated future net revenue are not intended to represent the current market value of the estimated oil and natural gas reserves we own. Management believes that the presentation of PV-10,…
CONTACTS Taylor C. Beach Wil F. Saqueton Director of Investor Relations VP & CFO (214) 265-4746 (214) 220-4323 Taylor.Beachtapcor.com www.TransAtlanticPetroleum.com 25
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