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CORPORATE PRESENTATION – Transglobe Energy Corporation

Transglobe Energy Corporation · Feb 28, 2014 · 28 slides

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Slides

  1. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 1
    Corporate Presentation February 2014
  2. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 2
    TransGlobe Energy Corporation Shares outstanding as at January 31, 2014 Basic 74,624,394 Fully Diluted* 75,600,000 Insider Ownership 10% Market Capitalization at 7.28 as at January 31, 2014 541 MM Working Capital (30/09/2013) 318…
  3. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 3
    Production and Reserves Average Daily Production P + P Reserves (Bopd) (MMBbl) 25,000 60 Yemen Egypt Canada Yemen Egypt Canada 20,500* 48.7 50 20,000 45.3 18,303 44.2 17,457 40 15,000 12,132 30.4 30 9,960 24.2 10,000 8,970…
  4. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 4
    Funds Flow and Reserves / share Funds Flow from Operations per Funds Flow from Operations Share (USMM) 200 2.50 (USMM/Share Diluted) *Forecasted at 100 Brent to year end 2013 and 2014 160 2.00 120 1.50 80 1.00 2.04 154…
  5. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 5
    2013 Reserves By Area MMBbl NPV10 2013 2P Reserves (MMBbl) Total Proved (1P) Egypt 28.8 449 East Block S-1 Block 32 Ghazalat 9% 1% Yemen 2.8 46 3% (1P) 31.6 495 West Total Proved plus Probable (2P) Bakr West 39% Egypt 40.8 549 Gharib…
  6. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 6
    2014 Guidance Production 20,000 21,000 Bopd Mid-point 20,500 Bopd Egypt West Gharib, West Bakr, East Ghazalat NW Gharib / South Alamein not currently forecast for 2014 Company Yemen Block S-1 on production 50% of 2014 plus Block 32…
  7. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 7
    2014 Capital Guidance TransGlobe Net Capital (MM) Development Exploration Gross Well Count Concession Wells Projects Wells Seismic Total Dev Expl Total Eastern Desert 50.1 9.3 13.2 14.7 87.3 30 13 43 Western Desert 1.5 1.0 3.8 0.0 6.3…
  8. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 8
    Egypt Land Holdings West GROSS ACRES Gharib/ West Bakr 1.3 million NW,SW,SE 40 Gharib South 335 Alamein 356 465 102 East South Ghazalat Ghazalat 9
  9. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 9
    West Gharib 100% Working Interest, Operated 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades YTD drilled 2 wells 2 oil wells (100% success) Production in…
  10. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 10
    West Bakr 100% Working Interest, Operated 2014 Plan 17 wells Waterflood optimization Facility upgrades and optimization YTD drilled 1 well 1 oil well K (100% success) Production in January 2014 5,908 Bopd 11
  11. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 11
    Eastern Desert Drilling History 40 2007-2014 West Bakr Current Drilling Totals 30 Producing Wells West Gharib Oil Wells 135 20 West Gharib 81 D&A Wells 19 10 West Bakr 39 Success Rate 88% 0 2007 2008 2009 2010 2011 2012 2013 Total…
  12. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 12
    Eastern Desert Inventory Location Inventory Potential Drilling Locations Concession App/Dev Expl West Gharib 9 3 West Bakr 32 4 NW Gharib 46 33 SW Gharib - 4 SE Gharib - 2 Eastern Desert Totals 87 46 13
  13. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 13
    Eastern Desert - New Concessions 100% Working Interest, Operated Effective November 7, 2013 Planning large seismic program for 2014/15 in Egypt NW Gharib Total program 1,800 km 3-D & 300 km 2-D Eastern Desert 1,000 km 3-D & 300 km…
  14. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 14
    NW Gharib 100% Working Interest, Operated 2014 Plan Submitted 18 wells for approval 2 rigs (starting Q2, Q3) Initial wells targeting existing 3-D area around Arta/East Arta 71 million barrels of prospective resource* initially…
  15. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 15
    South Alamein 100% Working Interest, Operated Boraq 2014 Plan Contingent on Boraq access West Manar Taef 2013 Drilled West Manar in Jan 2014 (d&a) Drilled Taef in Nov 2013 (d&a) 16
  16. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 16
    East Ghazalat 50% Working Interest, Non-Operated 2014 Plan 5 wells North Dabaa Safwa Field 4 shallow Discovery wells (2E and 2D) 1 deeper exploration well in North Dabaa area Drilling EG3, Production in January 752 Bopd (376…
  17. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 17
    South Ghazalat 100% Working Interest, Non-Operated North Dabaa 2014/2015 Plan Discovery Commence 800 km 3-D seismic program on SW portion of block S Ghazalat - 1,883 square kilometers (465,000 acres) Company to acquire…
  18. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 18
    Yemen Block S-1/ 75 (25% Working Interest); Block 32/ 72 (13.81%/20% Working Interest) 2014 Plan Salsala Exploration Well Block S-1 on production 50% during 2014 (Guidance) Block 32 3 wells in 2014 Salsala appraisal (2 wells)…
  19. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 19
    Roadmap to 40,000 Bopd Based on currently identified opportunities and upside predictions, TransGlobe is targeting a production rate of 40,000 Bopd within four years 50,000 Peak Production (Bopd) 40,000 Boraq assumed to be…
  20. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 20
    In Closing 2014 Production guidance 20,000 21,000 Bopd 2014 Funds flow guidance of 146 million at 20.5 Mbopd and 100/Brent Potential to reach 40,000 Bopd within four years Fully funded from cash flow and working capital Top tier…
  21. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 21
    Appendix
  22. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 22
    Contact Information Steve Langmaid Telephone: 403.444.4787 Email: investor.relationstrans-globe.com For additional information please visit Website: www.trans-globe.com 23
  23. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 23
    2013 A/R Collections Total Collections in 2013 were 275 million (2012, 157 mm) Months outstanding have decreased to 7 months 000s Mths 000s Bopd A/R Balance versus Months Outstanding* A/R Balance versus Production / day* 300,000 12…
  24. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 24
    Three Year (2011 2013) Finding and Development Costs Top Tier F&D and Recycle Ratios 3 Yr Weighted 2P 2013E 2012 2011 Average Netback* 19.64 / Bbl 22.08 / Bbl 26.24 / Bbl 22.19 / Bbl /Bbl F&D 34.78 / Bbl** 4.46 / Bbl 7.07 / Bbl 10.02…
  25. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 25
    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 Gary S. Guidry -…
  26. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 26
    Analyst Coverage Christopher Brown, Canaccord Genuity, Calgary, Canada David Phung, Credit Suisse Securities, Calgary, Canada David Dudlyke, Dundee Securities, London, UK Stephane Foucaud, First Energy Capital Corp., London, UK David…
  27. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 27
    Concession Summary Working Concession Size (acres) Year Concession First Production Jan 2014 Concession Interest Gross Net Acquired Type Date Production West Gharib 100% 28,904 28,904 2007 Development January 2000 11,556 NW Gharib…
  28. CORPORATE PRESENTATION – Transglobe Energy Corporation – slide 28
    West Bakr K Field New Approach in Legacy Field Successful deviated drilling has accessed new reserves in deeper pools Recent wells have identified unswept intervals with additional upside potential 29

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