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July 2016 Corporate Presentation – Transglobe Energy Corporation

Transglobe Energy Corporation · Jul 1, 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. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION JULY 2016
  2. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 2
    ABOUT TRANSGLOBE Operations in Egypt began in 2004 Currently 100% of production Proven track record with extensive international experience Extensive and diversified portfolio of development and exploration Egypt opportunities Focused…
  3. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 3
    UNDERVALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE (US) Shares Outstanding (30/06/16) 72.2 Million Market Capitalization (30/06/16) 132.1 Million Debt (31/03/16) 66.5 Million Working Capital (31/03/16) 75.2 Million…
  4. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 4
    MID Q2-2016 HIGHLIGHTS (JUNE 22, 2016) Q2 production guidance upgraded to 11,400 Bopd from 10,800 Bopd Commenced 2016 drilling program in Q2 with one drilling rig K-48 development well (K-South) at W Bakr on production 460 Bopd in…
  5. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 5
    OIL MARKETING EGPC AR Outstanding Marketing has improved liquidity, 140,000 decreased credit risk and 120,000 100,000 resulted in West Bakr production 80,000 60,000 being sold at market price 40,000 TransGlobe marketed and sold…
  6. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 6
    NETBACK SENSITIVITY TO OIL PRICES 25.00 21.49 20.00 16.80 15.00 Netback 12.12 10.00 7.44 5.00 2.76 0.00 40.00 50.00 60.00 70.00 80.00 Brent Oil Price Per Bbl Assumptions: Total Company production equal to Q1-2016…
  7. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 7
    CURRENT DAILY PRODUCTION TRANSGLOBE TOTAL DAILY 20,000 Production (bopd) 15,000 10,000 5,000 NWG East Ghazalat West Bakr West Gharib 0 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Q1 12,058 BOPD JUNE 11,936 BOPD…
  8. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 8
    2016 PLAN Deliver the 2016 exploration drilling program of up to 22 exploration wells in a cost effective, safe and environmentally responsible manner Map and evaluate the new South Ghazalat 3-D and prepare for the NW Sitra seismic…
  9. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 9
    2016 PRODUCTION RECOVERY PLAN Target: Arrest current declines and increase production in Eastern Desert through Q4-2016 Components: Replace worn pumps to optimize producers Reactivate/workover shut-in wells Recompletions & facility…
  10. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 10
    INVESTMENT HIGHLIGHTS 1.5 Million gross acres of land 2016 Exploration focus 8 PSCs in Egypt (100% WI) In Eastern Desert, drill up to 22 exploration prospects Strong balance sheet with net working In Western Desert, interpret new 3-D in…
  11. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 11
    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…
  12. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 12
    WEST GHARIB/WEST BAKR: 100% WI - OPERATED Eastern Desert Production Q1-2016 12,058 Bopd Q2-2016 Est 11,400 Bopd 2016 Plan Optimization and cost reduction Integration of the West Bakr and West Gharib JVs Maintenance/optimization…
  13. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 13
    EASTERN DESERT DEVELOPMENT K-SOUTH PLAN K-South OOIP: 55 MMbo* Production to date: 5.9 MMbo (10.7% RF) 2P Reserves Dec 31/15 3.9MM (implied 18% RF) K main pool (Asl A) expected recovery 29% RF K-South potential 29% RF, 8-10 MMbo…
  14. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 14
    NW GHARIB: 100% WI - OPERATED NWG 3 2016 Plan Progress three (NWG 1, 3 & 5) oil developments toward first NWG 1 production in late 2016 500-900 Bopd initial NWG production potential* 5 Drill up to 13 new exploration…
  15. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 15
    EGYPT ASSETS: WESTERN DESERT Three operated 100% WI concessions (1.14 million acres) Map & evaluate the 2015 South Ghazalat 3-D Prepare for NW Sitra 3-D seismic acquisition program 2016/17 Prepare Western Desert prospect inventory…
  16. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 16
    SOUTH GHAZALAT SEISMIC DIP LINE Rift Margin Edge Several structures along rift margin Excellent quality data from & Tertiary Seal U. Cretaceous 2015 3-D acquisition The rift margin is well imaged with good data to Jurassic…
  17. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 17
    L. Jurassic U. Cretaceous U. Cretaceous Cretaceous Reservoirs & Tertiary Seal Reservoirs Reservoirs 18 SOUTH GHAZALAT SEISMIC STRIKE LINE L. Jurassic Cretaceous Reservoirs Reservoirs U. Cretaceous U. Cretaceous…
  18. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 18
    SUMMARY Opportunity rich Attractive valuation Average Q2 production of 11,400 Bopd with active PRP for Q3/Q4 Strong balance sheet, 75.2MM positive working capital March 31st, 2016 (inclusive of Convertible Debenture) 128.0MM…
  19. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 19
    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 -…
  20. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 20
    ANALYST COVERAGE David Phung, Credit Suisse Securities, Calgary, Canada David Dudlyk, Dundee Capital Markets, London, UK Darren B. Engels, First Energy Capital Corp., Calgary, Canada Ian Macqueen, Paradigm Capital, Calgary, Canada…
  21. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 21
    CONCESSION SUMMARY Concession Size Working Year Concession First Production (acres) Concession Interest Gross/Net Acquired Type Date West Gharib 100% 24,035 2007 Development January 2000 NW Gharib 100% 148,300 2013 Exploration…
  22. July 2016 Corporate Presentation – Transglobe Energy Corporation – slide 22
    For additional information contact us at: Phone: +1 (403) 264 9888 Email: investor.relationstrans-globe.com Or visit: www.trans-globe.com

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