Skip to main content London Investor Meetings – Transatlantic Petroleum Ltd. Investor Presentation | Shale Experts
Loading...
Pm

London Investor Meetings – Transatlantic Petroleum Ltd.

Transatlantic Petroleum Ltd. · Nov 30, 2013 · 31 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. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 1
    London Investor Meetings November 2013
  2. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 2
    TRANSATLANTIC PETROLEUM Trades on NYSE-MKT (TAT) and TSX (TNP) Market cap: 314 million; Float: 188 million (60% of market cap) Developing oil and natural gas properties in producing regions of Turkey, Bulgaria; underdeveloped…
  3. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 3
    VALUATION Current Valuation Current Position 56% PV-10 (1P) 70.00+ netbacks 16% net debt/ 67,000 per Boe/d1 capitalization at 9/30/13 (60%+ oil) Increasing activity 1Based on reported production of 4,700 Boe/d on November 7,…
  4. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 4
    OBJECTIVE Optimize Assets to Increase Production and Cash Flow Utilize North American technology to more efficiently produce oil and natural gas - Horizontal drilling, stimulation and 3D seismic Manage from Dallas, Texas…
  5. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 5
    FOCUS AREAS HAVE KNOWN PRODUCTION (26 MMBo produced) (110 Bcf produced) 12.5 Bcf Proved Reserves (18% YE12) 9.4 MMcf/d Production (39% 3Q13) 9.5 MMBoe Proved Reserves 200 kilometers (82% YE12) 2,500 Bbl/d Production…
  6. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 6
    THREE-PART STRATEGY UNDERWAY TO INCREASE PRODUCTION AND CASH FLOW IN TURKEY 1) Molla Horizontal Program (Southeast, Oil) 2) elmo Field Redevelopment (Southeast, Oil) Remodeled field using 3D seismic and increased well Completed five…
  7. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 7
    MOLLA AREA DADA SHALE Shell Oil Dada Test Perencos Kastel Field (EUR 15 MMbo) elmo Field Bahar Field Bat Raman Field Largest oil field in Turkey TPAO Discovery May 2013 Idil Prospects Acquisition Gksu Molla…
  8. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 8
    SIZE COMPARISON TO WOODFORD SHALE Dada Extent Source: Energy Information Administration, 2011 9
  9. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 9
    ECONOMICS OF MOLLA HORIZONTAL DRILLING Mardin Well Economics Gksu-2 (Vertical, 5,700 depth) 16.0 Cost: 2.0 million; Cum. production 60,000 bbls 13.7 14.0 Net Present Value: 612,000 12.0 11.5 10.0 Gksu-3H (Horizontal, 1,600…
  10. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 10
    MOLLA GEOLOGICAL TARGETS elmo producing zone Demonstrated horizontal success with Gksu-3H at 250 Bbl/d after 9 Gksu: 5,500 ft months of production Bahar: 7,400 ft Bahar-2 tested 170 Bbl/d Bahar: 8,700 ft Potential resource…
  11. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 11
    MOLLA HAZRO AND BEDINAN DISCOVERIES Formation Overview Conventional sandstone targets immediately above and below Dada; currently processing 3D seismic in Dallas 1P reserves: 1.4 MMbbls(1); 2P reserves: 2.5 MMbbls(1) Arpatepe-1…
  12. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 12
    MOLLA 3D SEISMIC PROGRAM Shell Oil Dada Test TPAO Discovery Bostanpinar Perencos Kastel Field TransAtlantics Bahar Field TransAtlantics Molla Field TransAtlantics Gksu Field Seismic data shot as of November 12,…
  13. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 13
    ELMO FIELD REDEVELOPMENT elmo Background Second largest field in Turkey (600-800 million barrels of oil in place, 87 million barrels cum) 100% working interest Discovered by Mobil in 1964 2012: drilled nine development wells;…
  14. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 14
    ELMO FIELD REMODELING Remodeling Resulted in Improved Targeting elmo Horizontal Well Location Advanced 3D model completed with new well control and material balance Result: multiple undrained fault blocks and large secondary…
  15. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 15
    TYPE WELL ECONOMICS Gksu Horizontal Bahar Vertical Selmo MSD Horizontal Estimated cost: 3.5 MM Estimated cost: 4.0 MM Estimated cost: 2.4 MM EUR: 190 Mbo EUR: 379 Mbo EUR: 128 Mbo (based on Gksu-3H) (based on Bahar-1) (estimate)…
  16. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 16
    THRACE BASIN SOUTH: HORIZONTAL DRILLING Horizontal Drilling in Thrace Basin South Drilling third horizontal well (BTD-5H, 41.5% working interest) Targeting Teslimkoy formation (1,500 lateral); AFE 2.2 million Offset to BTD-4H, which…
  17. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 17
    THRACE BASIN STRUCTURE YILDIRIM HAYRABOLU TEKIRDA OSMANLI 18
  18. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 18
    THRACE BASIN GEOLOGICAL TARGETS Conventional gas 1,300 - 1,500 feet Unconventional gas Kay-14 IP 5.4 MMCFD post frac Unconventional gas IP 4 MMCFD post frac BTD-4H (Currently 3 MMCFD) 4,500 feet Unconventional gas 5,500 feet…
  19. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 19
    THRACE RECOMPLETION ECONOMICS TDR-4 Kay-14 Gross cost: 292,000 EUR: 232 MMcf Gross cost: 299,000 EUR: 520 MMcf NPV: 568,000 Payout: 6 weeks NPV: 1.4 million Payout: 10 days Discounted ROI: 5.7x Discounted ROI: 12.3x DTD-6…
  20. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 20
    BULGARIA UPDATE DRILLING DEVENTCI-R2 Action Plan Joint venture agreement in place; partner to fund 30 million of initial 40 million investment, then participate with 50% interest1 Koynare Concession First in Recent Bulgaria…
  21. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 21
    THIRD QUARTER UPDATE Third Quarter 2013 Highlights Exit rate exceeded 4,500 Boe/d compared to guidance 4,350 Boe/d; current production 4,700 Boe/d Reiterated year-end exit rate of at least 5,000 Boe/d Doubled South Thrace gas…
  22. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 22
    RESOURCE POTENTIAL Resource Potential as of 12/31/2012 (MMBoe) Field 1P 2P 3P Selmo 7.2 10.8 24.4 Thrace 1.9 4.0 21.4 Molla 1.8 5.5 6.8 Other 0.7 1.3 1.6 Total 11.6 21.6 54.2 Drilling rig on location in the Thrace…
  23. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 23
    INVESTMENT THESIS Three-part strategy in Turkey to monetize asset Significantly increased drilling activity in 2H13 (+500%) Expert team in place to execute capital plan Capital deployed on projects with highest yields 24
  24. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 24
    CONTACT INFORMATION Taylor B. Miele Director of Investor Relations (214) 265-4746 taylor.mieletapcor.com Wil F. Saqueton VP - Chief Financial Officer (214) 265-4743 wil.saquetontapcor.com Ian J. Delahunty President (214) 265-4780…
  25. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 25
    TRANSATLANTIC BOARD OF DIRECTORS Name Select Experience Chairman & CEO of TransAtlantic Petroleum, Founder and former President & COO of Malone Mitchell 3rd Riata Energy (SandRidge Energy), Founder, Partner and Managing Member of…
  26. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 26
    TRANSATLANTIC TECHNICAL TEAM Name Position Select Experience International E&P experience in the Former Soviet Union, Darcy Dorscher Vice President, Production Kazakhstan, Qatar, India, Turkey and Madagascar Pioneer Natural…
  27. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 27
    MOLLA DRILLING PROGRESS Molla penetration rates have increased over the past 12 months with well repetition. Mardin Mardin Surface Surface Hole Hole Performance Performance Mardin MardinIntermediate Hole Surface Hole…
  28. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 28
    MOLLA DRILLING PROGRESS, CONTINUED Molla surface drilling costs have decreased with well replication. Mardin Surface Hole Cost Bedinan Surface Hole Cost 140 450 300 1.2 120 129/ft 400 423/m 350 250 1 100 240/ft 300 200 786/m…
  29. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 29
    OPERATING AND FINANCIAL HIGHLIGHTS Results for three months ended: 9/30/2013 6/30/2013 9/30/2012 Net production Oil (BBLD) 2,500 2,527 2,489 Natural Gas (MCFD) 9,435 8,967 10,087 BOED 4,076 4,022 4,174 % Oil 61% 63% 60% Prices,…
  30. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 30
    EBITDAX RECONCILIATION US millions This presentation references estimated EBITDAX, which is a non-GAAP For the three months ended: 9/30/2013 6/30/2013 9/30/2012 financial measure that represents earnings from continuing operations…
  31. London Investor Meetings – Transatlantic Petroleum Ltd. – slide 31
    PV-10 RECONCILIATION The PV-10 value of the estimated future net revenue are not intended to represent the current market value of the estimated oil and natural gas reserves we own. Management US thousands believes that the presentation…

From the store

Browse maps, data & reports in the Shale Experts store