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JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation

Transglobe Energy Corporation · Jul 9, 2015 · 23 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. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JULY 2015
  2. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Currently 100% of production Alexandria Proven track record with extensive Middle East experience Suez Cairo Extensive and diversified portfolio of development and exploration…
  3. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 3
    UNDER VALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE (US) Shares Outstanding 74.1 Million Market Capitalization 274.0 Million Trading at 3.70/share Debt (31/03/15) 65.5 Million (07/07/15) or 56% of Working Capital (31/03/15) 207.7…
  4. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 4
    Q2 HIGHLIGHTS TO DATE Production volumes averaging 15,000 Bopd ahead of guidance of 13,800 Bopd Completed sale of 544,752 barrels of entitlement oil to a third party buyer for net proceeds of 25.8 million in Q2 Estimated entitlement…
  5. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 5
    OIL MARKETING Marketing has improved liquidity, AR outstanding and Months decreased credit risk and resulted outstanding in West Bakr production being 250,000 12 sold at market price 10 200,000 TransGlobe marketed and sold 8…
  6. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 6
    CURRENT DAILY PRODUCTION TRANSGLOBE TOTAL DAILY 20,000 Production (bopd) 15,000 10,000 Block 32 Block S-1 5,000 East Ghazalat West Bakr West Gharib 0 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Q3…
  7. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 7
    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…
  8. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 8
    INVESTMENT HIGHLIGHTS 2.0 Million gross acres of land 2015 Exploration focus 9 Projects in Egypt 1,400 km2 of 3-D and 325 km of 2 Projects in Yemen 2-D seismic now complete and Strong balance sheet with net working…
  9. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 9
    EASTERN DESERT Have only recently begun exploration of new lands 3-D coverage increased by 3X in 2014 2008 3D Acquisition 369 square Km 2014 3D Acquisition 1,044 km2 Mapping/interpretation underway 2007-2014 Drilling…
  10. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 10
    EASTERN DESERT: 100% WI - OPERATED Executing large seismic program for 2014/15 in Egypt NW Gharib Eastern Desert 1,000 km 3-D and 325 km 2-D completed and processed, interpretation underway NW Gharib 479 km 3-D acquisition…
  11. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 11
    WEST GHARIB: 100% WI - OPERATED Production Installed new PCPs Q1 Q2 Est. 9,000 Bopd 2015 Plan 1 well at Hana (suspended Jan) Reservoir studies underway Hana simulation Hana West update Arta Red Bed simulation Arta U Nukhul WF…
  12. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 12
    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*…
  13. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 13
    WEST BAKR: 100% WI - OPERATED Production Q2 Est. 2015 - 5,600 Bopd New service rig, mid Feb/15 H 2015 Plan Drilled 1 water injector H field South K field drill program (6-12 wells) Restricted access since 1980s M Finalizing access…
  14. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 14
    SE GHARIB: 3-D SEISMIC ACQUISITION 15
  15. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 15
    EGYPT ASSETS: WESTERN DESERT Four Concessions: 3 operated, 1 non-operated Acquired 400 km 3-D in South Ghazalat during Q2 16
  16. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 16
    NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2015 Plan: 3-D seismic 400 km2 3-D seismic acquired in Q2 Processing Q3/Q4 S. Ghazalat Interpretation & N.W. Sitra mapping Q4 NW Sitra Awarded in 2014…
  17. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 17
    SOUTH GHAZALAT: 100% WI - OPERATED North Dabaa Discovery 18
  18. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 18
    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…
  19. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 19
    EAST GHAZALAT: 50% WI - NON-OPERATED Safwa Dev Lease North Dabaa Dev Lease Production Q2 Est. 2015 - 400 Bopd 2015 Plan 3 well dev drilling plan deferred due to oil prices N Dabaa gas/cond development deferred due to…
  20. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 20
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JULY 2015
  21. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 21
    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…
  22. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 22
    ANALYST COVERAGE Christopher Brown, Canaccord Genuity, Calgary, Canada David Popowich, CIBC, Calgary, Canada David Phung, Credit Suisse Securities, Calgary, Canada David Dudlyk, Dundee Capital Markets, London, UK Victor Vallance,…
  23. JULY 2015 CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 23
    CONCESSION SUMMARY Working Concession Size (acres) Year Concession First Production Q2 Estimate Concession Interest Gross Net Acquired Type Date Production West Gharib 100% 24,035 24,035 2007 Development January 2000 9,000 NW Gharib…

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