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Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation

Transglobe Energy Corporation · Nov 12, 2014 · 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. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 1
    Q3 2014 RESULTS CONFERENCE CALL NOVEMBER 12, 2014
  2. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 2
    Q3 2014 FINANCIAL HIGHLIGHTS Funds flow of 28.9MM* (0.35/share) Earnings of 19.2MM* (0.18/share) Spent 25.5MM on Exploration and Development 77.9MM in cash and cash equivalents Positive working capital of 269MM 18.9MM collected…
  3. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 3
    OIL PRICE SENSITIVITY 2014 YTD PSCs are resilient in a decreasing price environment: Notionally, if Dated Brent had been 80 YTD: Funds Flow would have been 68 million, versus 53 Realized Price million or 15 million less under a…
  4. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 4
    EGPC ACCOUNTS RECEIVABLES AR outstanding vs Months outstanding Total EGPC collections up to end of Q3 250,000 12 were 93.4 million Two Liftings scheduled for Q4 200,000 10 cargo was lifted on October 27th 20 Million 8 Full cargo to…
  5. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 5
    Q3 SALES Sales (Bopd) Q3 October West Gharib 9,092 8,421 West Bakr 5,148 6,114 East Ghazalat 658 581 Egypt Total 14,898 15,116 Yemen 234 223 Sales Total 15,132 15,339 Production 15,109 6
  6. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 6
    CURRENT DAILY PRODUCTION 25,000 20,000 PCP Failures/Declines Replacement Pumps 15,000 Oil Sales (bopd) 10,000 Block 32 Block S-1 5,000 East Ghazalat Reduced West Bakr Rotation Speeds West Gharib 0 Nov-13 Dec-13…
  7. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 7
    Q4 GUIDANCE Q1 + Q2 + Q3 16.4 MBopd Q4 15.0 MBopd Production West Gharib PCP pump replacements West Bakr 6.0 MBopd Q4 at 15.0 Mbopd and 82.5 Brent 122.5MM (1.63/share) 2014 Funds Flow 113.2MM excluding 9.3MM Caracal termination…
  8. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 8
    EGYPT ASSETS: EASTERN DESERT 9
  9. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 9
    WEST GHARIB: 100% WI - OPERATED 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades Q3 9,091 Bopd Drilled 2 oil wells at Hana & Hana West YTD Drilled 9 wells 8…
  10. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 10
    NW GHARIB: 100% WI - OPERATED YTD 10 Wells Drilled 18 16 3 2 17 6 3 oil discoveries 1, 3 & 5 15 11 13 12 9 7 14 1 successful appraisal 8 1 well - 16 4 5 D&A - 4, 6, 7, 10 & 17 5 1 suspended at 2 40% success rate…
  11. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 11
    WEST BAKR: 100% WI - OPERATED 2014 Plan 17 wells Water flood optimization H Facility upgrades and optimization Q3 M 5,148 Bopd K Drilled 3 oil wells YTD Drilled 11 wells (9 oil, 1 injector) K field, 3 oil wells, 1 abandoned…
  12. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 12
    EASTERN DESERT: 100% WI - OPERATED Executing large seismic program for 2014/15 in NW Gharib Egypt Total program 1,400 km 3-D & 300 km 2-D Eastern Desert 1,000 km 3-D & 300 km 2-D Western Desert 400 km 3-D NW Gharib 3-D…
  13. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 13
    SE GHARIB: 3-D SEISMIC ACQUISITON 14
  14. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 14
    EGYPT ASSETS: WESTERN DESERT * *Pending Ratification 15
  15. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 15
    SOUTH ALAMEIN: 100% WI - OPERATED Acquired in 2012 2014 Plan Contingent on Boraq access Boraq 2 tested at 1,700 Bopd* Exploration period Clock stopped 20+ months from access approval Retained 800 km 2 *The primary…
  16. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 16
    EAST GHAZALAT: 50% WI - NON-OPERATED 2014 Plan 5 wells North Dabaa Dev Lease Safwa Field N Dabaa Dev Q3 658 Bopd to TG N. Dabaa appraisal well YTD Drilled 4 wells 2 Safwa oil wells 1 N.Dabaa 2 tested Gas/Condensate well 1…
  17. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 17
    NW SITRA & S. GHAZALAT: 100% WI - OPERATED S. Ghazalat Awarded in 2013 2015 Plan: 3-D seismic 400 km2 3-D seismic planned S. Ghazalat N.W. Sitra* NW Sitra* Awarded in 2014 Waiting on ratification Total 2015 3-D Seismic…
  18. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 18
    Q&A 19
  19. Q3 2014 RESULTS CONFERENCE CALL – Transglobe Energy Corporation – slide 19
    Q3 2014 RESULTS CONFERENCE CALL NOVEMBER 12, 2014

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