TRANSGLOBE ENERGY CORPORATE PRESENTATION MAY 2017 TSX:TGL/NASDAQ:TGA
ABOUT TRANSGLOBE Over 20 years of history as an International Oil and Gas Company Strong track record with proven abilities Have continuously operated in 3 in development drilling and reservoir jurisdictions over the past 20 management…
VALUE PROPOSITION AND GO-FORWARD PLAN2 Very attractive valuation, with 2P reserves (NPV10) of 346MM or 4.79/share (3.88/share on NPV 15 basis)1,2 Diversified and growing production base - 17,000 boe/d guidance mid-point 73.4MM…
2017 Q1 FINANCIAL HIGHLIGHTS Sales volumes averaged 13,826 boepd* and Q1 '17 Q1 '16 Change % production volumes averaged 16,731 boepd* Production and Sales Egypt Oil Sold 11,044 14,126 -22% Bpd Inventoried entitlement oil…
2017 KEY FINANCIAL FOCUS AREAS AND GUIDANCE Capital Budget of up to 56 million Production target of 15,500 to 18,500 Boepd* an increase of up to 50% over 2016 Continued focus on increasing frequency of selling our entitlement…
BALANCE SHEET SUMMARY TransGlobe has a strong balance sheet with a cash position of US37.7MM March 31, 2017 Simple capital structure US75MM Prepayment Agreement from Mercuria Energy Trading S.A. MM Shares Outstanding (31/03/17) 72.2…
2017 OPERATIONAL PLAN1 Firm Firm & Contingent (Contingent on commodity prices, cargo sales & drilling results) 2017 Capital MM Canada 9.4 16.2 Egypt 25.8 40.2 Total 35.2 56.4 Wells Canada 4 8 Egypt 9 18 Total 13 26 EGYPT…
DAILY PRODUCTION1 2017 TRANSGLOBE TOTAL DAILY 20,000 Production (boepd) 15,000 10,000 Canada 5,000 NWG West Bakr West Gharib 0 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Q1-2017 APRIL 2017 2017 GUIDANCE1…
2016 YEAR-END RESERVES SUMMARY1 2016 Reserves Summary 1P 2P 3P Total proved plus probable (2P) gross 2015 Year End Reserves (MMbbl) 17.5 28.7 39.9 reserves increased 74% from year-end 2015 to 50.0 MMboe noting the following: 2016…
CANADA: CORNERSTONE ACQUISITION Acquired Canadian Cardium Light Oil and Liquids-Rich Gas Production Dec 20th, 2016 Stable geopolitical environment with favourable tax structure and attractive royalty regime Purchase price of C80…
TRANSGLOBE CANADIAN ASSET PORTFOLIO Canadian Lands Historic Production 7,000 180 Working Interest Production (boe/d) 6,000 150 Producing Well Count 5,000 120 4,000 90 3,000 60 2,000 1,000 30 - 0 Land Position:…
CARDIUM PRIMER The Cardium formation has produced hydrocarbons in central Alberta for over 60 years; and is one of the most prolific hydrocarbon resource deposits in the Western Canada Sedimentary Basin Although conventionally…
CARDIUM LOCATIONS HARMATTAN CORE AREA Crown Rights Freehold Rights 2017 Locations 39 Cardium (mile-long) HZ Proved Locations Probable Locations wells on TransGlobe lands 5m Net Pay 36 drilled in 2012-2013 Average fracs = 18 per…
CANADA TYPE CURVE ECONOMICS C Harmattan - Cardium Harmattan - Ellerslie 200 Capex (mm) 2.7 800 Capex (mm) 3.2 Reserves (mbbl) 190 Reserves (mbbl) 416 Daily Barrels of Oil Equivalent (boe/d) Daily Barrels of Oil Equivalent…
INVESTMENT HIGHLIGHTS - EGYPT 1.06 Million gross acres of land 2017 Exploration & Development focus 6 PSCs in Egypt (100% WI) In Eastern Desert, complete NWG exploration Q1-2017 production 13,949 Bopd program and develop NWG…
WEST GHARIB/WEST BAKR/NWG: 100% WI - OPERATED Eastern Desert Production Q1-2017 average rate 13,949 Bopd April average rate 14,269 Bopd with the addition of NWG 3/38 development lease production 2017 Plan1 Develop/appraise NWG…
NW GHARIB EXPLORATION & DEVELOPMENT First oil production from NWG 3 1,000 Bopd flowing Dec/16 NWG-38A oil discovery in Red Bed (21.8 API) sandy conglomerate, 750 Bopd Feb/2017 NWG-27A oil discovery in Red Bed (23 API) tight…
EGYPT NWG TYPE CURVE ECONOMICS US Egypt - Red Bed 900 800 700 Capex (mm) 0.7 Daily Barrels of Oil (bbl/d) 600 Reserves (mbbl) 800 500 IP90 (bbl/d) 759 400 IP365 (bbl/d) 672 300 Yr1 Cap. Eff. (/Bpd) 1,041 200 100 0…
NWG DL - 2 & NWG DL - 3 NWG 1 & 5 - Fracced and recovered oil DL 2 & 3 - pending approval expected Q3 Production in Q4 400m boundary exclusion area can now be accessed for additional drilling 20
EGYPT ASSETS: WESTERN DESERT Three operated 100% WI concessions (1.03 million acres) Map & evaluate the South Ghazalat 3-D (400 km2) NW Sitra 3-D seismic acquisition program completed Q1-2017 (600 km2) Finalize prospect inventory…
SOUTH ALAMEIN WESTERN DESERT Acquired 2012 with Boraq discovery (included 80 million of cost pools), suspended in 2014 pending resolution of access Military access approval received September 2016, ending the suspension of this…
SUMMARY Well Positioned to Grow Current post transaction corporate production over 16,672 boepd* in Q1-17, and extensive inventory of low- risk development growth in Canada and Egypt, plus high-impact exploration in Egypt High…
OIL MARKETING TransGlobe began marketing its own entitlement oil in January 2015 Marketing improved liquidity and decreased credit risk - 30 day payment in US from date of cargo sailing Marketed 6.5 cargo liftings in the last 27…
NET PRESENT VALUE OF FUTURE NET REVENUE1 Before Deducting Future Income Taxes Discounted At After Deducting Future Income Taxes Discounted At Effective December 31, 2016 0% 5% 10% 15% 20% 0% 5% 10% 15% 20% (MM) Proved Canada…
EXECUTIVES AND DIRECTORS Robert G. Jennings - Director, Chairman Ross G. Clarkson - Director, President and CEO Lloyd W. Herrick - Director, VP and COO Fred J. Dyment - Director Susan MacKenzie Director David Cook - Director Bob…
ANALYST COVERAGE Jenny Xenos, Canaccord Genuity, Calgary, Canada Rita Guindy, CI Capital, Giza, Egypt Darren B. Engels, GMP First Energy, Calgary, Canada Al Stanton, RBC Capital Markets, London, UK Gavin Wylie, Scotia Capital…
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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