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First Energy Capital Globe Energy Conference – Transglobe Energy Corporation

Transglobe Energy Corporation · Sep 21, 2015 · 19 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. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY GLOBAL ENERGY CONFERENCE PRESENTATION SEPTEMBER 2015
  2. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Currently 100% of production Alexandria Proven track record with extensive Suez International experience Cairo Extensive and diversified portfolio of development and exploration…
  3. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 3
    UNDERVALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE (US) Shares Outstanding (08/09/15) 72.2 Million EV/2P reserves of 3/bbl Market Capitalization 203.6 Million with H1 notional netback Debt (30/06/15) 74.4 Million of 10/bbl…
  4. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 4
    Q2 HIGHLIGHTS Production volumes averaged 15,064 Bopd and sales volumes averaged 14,251 Bopd in Q2-2015 Completed sale of 544,752 barrels of entitlement oil to a third party buyer for net proceeds of 25.8 million in Q2 Entitlement…
  5. First Energy Capital Globe Energy Conference – 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 15 200,000 sold at market price 10 150,000 TransGlobe marketed and sold…
  6. First Energy Capital Globe Energy Conference – 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 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Q3…
  7. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 7
    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…
  8. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 8
    EXPLORATION UPDATE BUILDING INVENTORY FOR 2016 Central Graben N Horst W Graben E Horst NW Gharib is most advanced for Clamshell N S Horst prospect generation S Graben 5 play types identified, and 25 leads Clamshell mid…
  9. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 9
    WEST GHARIB: 100% WI - OPERATED Production Q2-2015 9,031 Bopd 2015 Plan Reduce operational costs 1 well at Hana (suspended Jan) Reservoir studies underway Hana simulation Hana West update Arta Red Bed simulation Arta U Nukhul…
  10. First Energy Capital Globe Energy Conference – 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 in 2016 14 1,500-2,000 Bopd initial 1 production potential* Process,…
  11. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 11
    WEST BAKR: 100% WI - OPERATED Production Q2-2015 - 5,592 Bopd H 2015 Plan Reduce operational costs Drilled 1 water injector H field South K field drill program (6-12 wells) M Restricted access since 1980s K Finalizing access…
  12. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 12
    EGYPT ASSETS: WESTERN DESERT Four Concessions: 3 operated, 1 non-operated Acquired 400 km 3-D in South Ghazalat during Q2-2015 13
  13. First Energy Capital Globe Energy Conference – 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 acquired in Q2 Processing Q3/Q4 S. Ghazalat Interpretation & N.W. Sitra mapping Q4 NW Sitra Awarded in 2014…
  14. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 14
    SOUTH GHAZALAT: 100% WI - OPERATED North Dabaa Discovery 15
  15. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 15
    SUMMARY Opportunity Rich Attractive valuation and dividend yield Average production of 15,000 Bopd 179 MM positive working capital 123 MM in cash June 30th, 2015 16
  16. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 16
    TRANSGLOBE ENERGY GLOBAL ENERGY CONFERENCE PRESENTATION SEPTEMBER 2015
  17. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 17
    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…
  18. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 18
    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 Darren B. Engels,…
  19. First Energy Capital Globe Energy Conference – Transglobe Energy Corporation – slide 19
    CONCESSION SUMMARY Working Concession Size (acres) Year Concession First Production Q2 Concession Interest Gross Net Acquired Type Date Production West Gharib 100% 24,035 24,035 2007 Development January 2000 9,031 NW Gharib 100%…

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