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January 2016 Investor Presentation – Transglobe Energy Corporation

Transglobe Energy Corporation · Jan 11, 2016 · 22 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. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JANUARY 2016
  2. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Currently 100% of production Proven track record with extensive Alexandria International experience Suez Cairo Extensive and diversified portfolio of development and exploration…
  3. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 3
    UNDERVALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE (US) Shares Outstanding (01/06/16) 72.2 Million Holding cash of 126.9 Market Capitalization (01/06/16) 122.7 Million MM or 1.76/share Debt (30/09/15) 65.7 Million Paid 0.025/share…
  4. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 4
    Q3 FINANCIAL REVIEW Sales volumes averaged 13,620 Bopd in Q3-2015, increased inventory of entitlement crude to 350,869 bbls Negative funds flow of 1.5MM (0.02/share-diluted) Net Loss of 46.6MM (0.65/share-diluted) 3.6MM spent on…
  5. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 5
    OIL MARKETING Marketing has improved liquidity, EGPC AR Outstanding decreased credit risk and resulted 250,000 200,000 in West Bakr production being 150,000 sold at market price 100,000 TransGlobe marketed and sold 50,000 0…
  6. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 6
    NETBACK SENSITIVITY TO OIL PRICES 20.00 16.43 15.00 13.82 Increases to oil prices have a greater impact on netbacks in a low price environment 10.40 Netback 10.00 5.82 5.00 1.18 0.00 40.00 50.00 60.00 70.00…
  7. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 7
    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 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Q4…
  8. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 8
    2016 CAPITAL GUIDANCE TransGlobe Net Capital (MM) Gross Well Count Concession Development Exploration (Wells) Total Wells Maint Projects Wells Bonus Seismic Devel Expl Total West Gharib - 3.5 2.5 - - - 6.0 - - - West Bakr 4.5…
  9. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 9
    INVESTMENT HIGHLIGHTS 1.5 Million gross acres of land 2016 Exploration focus 8 Projects in Egypt In Eastern Desert, drill up to 22 exploration prospects Strong balance sheet with net working In Western Desert, interpret new 3-D in South…
  10. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 10
    EASTERN DESERT EXPLORATION PROGRAM Red Bed Prospects 8 prospects (COS 17% avg) 4-12 mmbbls prospective resource** Miocene Clastic Prospects 8 prospects (COS 32% avg) 2-8 mmbbls prospective resource** Pre-Rift Prospects 6…
  11. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 11
    WEST GHARIB: 100% WI - OPERATED Production Q3-2015 8,520 Bopd 2016 Plan Water flood optimization at Hana/Hana West Several smaller development projects at Arta and Hoshia to improve recoveries Maintenance projects (water…
  12. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 12
    NW GHARIB: 100% WI - OPERATED 16 3 2 2016 Plan Progress three (NWG 1, 3 & 5) 14 oil developments toward first 1 production in late 2016 1,500-2,000 Bopd initial production potential* Drill up to 13 new exploration 5…
  13. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 13
    WEST BAKR: 100% WI - OPERATED H Production Q3-2015 - 5,760 Bopd M 2016 Plan K Drill 3 new exploration wells in the south lobe of K field Increased water handling at H & K stations to increase production/recoveries…
  14. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 14
    EASTERN DESERT DEVELOPMENT-K SOUTH PLAN South K OOIP: 55 MMbo Production to date: 5.8 MMbo (10.5% recovery) Initial group of four locations identified and evaluated Plan to drill 3 of the locations in 2016 Principal target of…
  15. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 15
    EGYPT ASSETS: WESTERN DESERT Three operated concessions Acquired 400 km 3-D in South Ghazalat during Q2-2015 16
  16. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 16
    WESTERN DESERT EXPLORATION NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2016 Plan: Map and prepare prospect inventory for 2017 drilling S. Ghazalat N.W. Sitra NW Sitra Awarded in 2014 Ratified…
  17. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 17
    SOUTH GHAZALAT SEISMIC DIP LINE Rift Margin Edge Several structures along rift margin Excellent quality data from & Tertiary Seal U. Cretaceous 2015 3D acquisition The rift margin is well imaged with good data to Jurassic…
  18. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 18
    L. Jurassic U. Cretaceous U. Cretaceous Cretaceous Reservoirs & Tertiary Seal Reservoirs Reservoirs 19 SOUTH GHAZALAT SEISMIC STRIKE LINE L. Jurassic Cretaceous Reservoirs Reservoirs U. Cretaceous U. Cretaceous…
  19. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 19
    SUMMARY Opportunity Rich Attractive valuation Average Q4 production of 13,400 Bopd 166MM positive working capital 126.9MM in cash Sept 30th, 2015 Growth potential with a large drilling campaign in 2016 and 2017 20
  20. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 20
    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…
  21. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 21
    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,…
  22. January 2016 Investor Presentation – Transglobe Energy Corporation – slide 22
    CONCESSION SUMMARY Working Concession Size (acres) Year Concession First Production Concession Interest Gross Net Acquired Type Date West Gharib 100% 24,035 24,035 2007 Development January 2000 NW Gharib 100% 148,300 148,300 2013…

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