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November 2016 Corporate Presentation – Transglobe Energy Corporation

Transglobe Energy Corporation · Nov 1, 2016 · 26 slides

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Slides

  1. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY CORPORATE PRESENTATION NOVEMBER 2016 TSX:TGL/NASDAQ:TGA
  2. November 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. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 3
    UNDERVALUED WITH BALANCE SHEET STRENGTH CAPITAL STRUCTURE (US) Shares Outstanding (30/09/16) 72.2 Million Market Capitalization (04/11/16) 130.0 Million Debt (30/09/16) 74.9 Million Working Capital (30/09/16) 53.0 Million…
  4. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 4
    Q3 2016 FINANCIAL HIGHLIGHTS Sales volumes averaged 11,485 Bopd Production volumes averaged 11,733 bopd versus 11,472 in Q2 Sales Price averaged 34.43/Bbl up from 30.27/Bbl in Q2 Crude oil inventory at end of the quarter was 729,403…
  5. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 5
    OIL MARKETING Marketing has improved 140,000 EGPC AR Outstanding (M) liquidity and decreased 120,000 credit risk 100,000 80,000 TransGlobe began marketing 60,000 40,000 its own entitlement oil in 20,000 January 2015, and has…
  6. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 6
    2016 MID-YEAR RESERVES SUMMARY 2016 Mid Year Reserves 1P 2P 3P Summary 2015 Year End Reserves (MMbbl) 17.5 28.7 39.9 2016 Adds/Revisions 4.2 3.8 3.1 Reserves increased 2016 Production to June 30th -2.2 -2.2 -2.2 2016 Mid-Year Reserves…
  7. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 7
    RESPONSE TO LOW OIL PRICES (2014 TO PRESENT) Suspended drilling operations in January 2015 to preserve capital and re-bid contracts for 2016 Exploration program 40% reduction in drilling and completion costs for 2016 program Deferred…
  8. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 8
    NETBACK SENSITIVITY TO OIL PRICES 25.00 22.09 20.00 17.46 15.00 Netback 12.82 10.00 8.19 5.00 3.56 0.00 40.00 50.00 60.00 70.00 80.00 Brent Oil Price Per Bbl Assumptions: Total Company production equal to…
  9. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 9
    CURRENT DAILY PRODUCTION TRANSGLOBE TOTAL DAILY 20,000 Production (bopd) 15,000 10,000 5,000 NWG East Ghazalat West Bakr West Gharib 0 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Q3 11,733 BOPD OCT 12,469…
  10. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 10
    2016 PLAN 2016 exploration drilling program of 18 exploration wells 12 drilled, 2 oil discoveries and 1 junked well with oil shows to date Develop K-South in West Bakr, 3 wells planned 2 oil wells drilled to date Execute on the PRP-…
  11. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 11
    INVESTMENT HIGHLIGHTS 1.3 Million gross acres of land 2016 Exploration focus 7 PSCs in Egypt (100% WI) In Eastern Desert, drill 18 exploration prospects Strong balance sheet with net working capital of In Western Desert, interpret new…
  12. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 12
    WEST GHARIB/WEST BAKR: 100% WI - OPERATED Eastern Desert Production Q3-2016 - 11,733 Bopd Q4-2016 - 12,800 Bopd* 2016 Plan Optimization and cost reduction Integration of the WB and WG JVs WG Arta red bed pool optimization…
  13. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 13
    EASTERN DESERT DEVELOPMENT K-SOUTH PLAN K-South Negotiated access from the military in late 2015 Prepared an initial 3 well drilling program for 2016 K-51 K-48 33 meters (108 feet) net Asl A oil pay* On production 460 Bopd early…
  14. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 14
    SEPTEMBER 2016 DRILLING UPDATE Miocene Clastic Prospects 7 prospects Estimate 2-3 discoveries 0/3: 4 prospects remain Red Bed Prospects 7 prospects Estimate 1-2 discoveries 3/7: 0 prospects remain Pre-Rift Prospects 4…
  15. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 15
    NW GHARIB NORTHERN PROSPECTS Sand pinch out to N NWG 27A oil discovery in Red Bed (23 API) conglomerates/sands NWG 38A oil discovery NWG-27A in Red Bed (21.8 API) NWG-26A sandy conglomerate NWG 26A oil shows in the Red Bed,…
  16. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 16
    E-W LINE THROUGH NWG-27A AREA Nukhul/Red Beds are fault trapped or stratigraphically trapped Seismic is challenging and requires well data to calibrate. Wells are inexpensive (500K D&A) allowing for testing of multiple trap…
  17. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 17
    NWG-27A SCHEMATIC Very thick Red Bed formation 215 feet (90 feet conglomerate over 125 feet of high quality sand) Net oil pay 55 feet Appraisal location 200 m west to test full sand/conglomerate section above oil/water contact early…
  18. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 18
    EGYPT ASSETS: WESTERN DESERT Three operated 100% WI concessions (1.03 million acres) Map & evaluate the 2015 South Ghazalat 3-D Prepare for NW Sitra 3-D seismic acquisition program in 2017 Prepare Western Desert prospect inventory…
  19. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 19
    SOUTH ALAMEIN 20
  20. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 20
    SUMMARY Attractive Valuation Strong Balance Sheet (100.4MM Cash) Growing Production ( 12.5 MBopd) Active Diversification Initiative Near Term Catalysts (6-12 Months) PRP to exit 2016 13-14MBopd West Bakr K-South development 18…
  21. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 21
    APPENDIX
  22. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 22
    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 -…
  23. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 23
    ANALYST COVERAGE David Phung, Credit Suisse Securities, Calgary, Canada David Dudlyke, Dundee Capital Markets, London, UK Darren B. Engels, GMP First Energy, Calgary, Canada Ian Macqueen, Paradigm Capital, Calgary, Canada Kimberly…
  24. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 24
    COMPANY HISTORY 2000 2010 1992 2010 1990s 2000s Entered oil & gas Sold U.S. oil & gas properties to fund Farm-out with Vegas Oil & Gas SA to earn 50% W.I. in East business acquiring opportunities in Yemen Ghazalat…
  25. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 25
    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…
  26. November 2016 Corporate Presentation – Transglobe Energy Corporation – slide 26
    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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