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THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd.

Transatlantic Petroleum Ltd. · Aug 20, 2014 · 23 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. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 1
    THE 2014 OIL & GAS CONFERENCE August 20, 2014
  2. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 2
    TARGETING AREAS OF KNOWN PRODUCTION Goal: Be a superior operator and benefit from the use of North American technology in known international hydrocarbon basins Current operations in Turkey and Bulgaria (26 MMBO produced) Crude…
  3. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 3
    DEMONSTRATING GROWTH Growing Production and EBITDAX Avg. Netback/BOE: 72.52 73.67 71.57 70.59 79.90 6,000 29.0 5,000 5,000 4,622 27.5 27.0 Adjusted EBITDAX (US MM)1 4,391 4,022 4,076 25.0 4,000 Net Sales (BOEPD)…
  4. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 4
    TURKEY: THREE-PART STRATEGY FOR GROWTH Molla Area (SE Turkey, Oil) elmo Field (SE Turkey, Oil) Thrace Basin (NW Turkey, Gas) Shot 800 km2 (300 mi2) 3D seismic Targeting underdeveloped, Four successful HZ wells drilled in 2013-14 in…
  5. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 5
    PATH TO ACHIEVE YEAR-END 2014 GUIDANCE Expect to spend 106 million of capex in 2014 Investing 85% of capital in oil in southeastern Turkey Q3-Q4 2014 Estimates Thrace Area Molla Area (SE Turkey, Oil) elmo Area (SE Turkey, Oil)…
  6. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 6
    WELL PLAN FOR REMAINER OF 2014 2014 exit rate guidance is based on conservative second half drilling results Targeted Estimated Net Analog Analog Basin Well Name Reserves Production Budget Well IP1 Bahar Vertical 250 BOPD 5.5MM…
  7. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 7
    EXPECT NEW 3D SEISMIC TO IMPROVE TARGETING IN TURKEY Shot more than 800 km2 (300 miles2) of new 3D seismic in Molla over the past year Selecting well locations in southeastern Turkey based on new seismic Currently drilling Bahar wells…
  8. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 8
    MOLLA AREA: BAHAR FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Initial six wells will be vertical in order to de-risk the geology of the Bahar structure Top Bedinan Structure (10,000) 1 kilometer 1 mile 9
  9. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 9
    MOLLA AREA: BAHAR FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Vertical wells will test both the Bedinan and Hazro formations Top Hazro F4 Structure (8,700) 1 kilometer 1 mile 10
  10. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 10
    ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI elmo development is focused on increasing the recovery of the field; converting probable and possible reserves into proved reserves Recent success in southeastern portion of the field,…
  11. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 11
    ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Modified well orientation in the elmo field to lower well costs and increase production Rather than drilling perpendicular to faults, drill parallel to faults Drilling parallel to faults…
  12. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 12
    ELMO FIELD SOUTHEASTERN TURKEY, OIL, 100% WI Commenced secondary recovery in elmo in 2014 to increase field recovery Converted two wells to injection in Q1, injected 250,000 barrels of water to date Also injecting polymer to increase…
  13. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 13
    THRACE BASIN NORTHWESTERN TURKEY, NATURAL GAS, 41.5% WI Future proved reserves potential from horizontal drilling of tight gas in the Mezardere and Teslimkoy formations; applying multi-stage completion technology Drilled two Teslimkoy…
  14. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 14
    THRACE BASIN NORTHWESTERN TURKEY, NATURAL GAS, 41.5% WI Shot 234 km2 (90 m2) of 3D seismic in the Osmanl area of the southern Thrace Basin Currently drilling a campaign of five conventional, vertical appraisal wells Prospect-1…
  15. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 15
    RESERVES VALUE, SELLSIDE TARGETS 12/31/2013 Reserves Discounted at: Research Target US/Share MMBOE 0% 10% Sellside Firm Analyst Price PDP 5.7 11.68 8.76 Global Hunter Securities Andrew Smith 15.00 PDNP 0.9 1.44 0.99 SunTrust Rob.…
  16. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 16
    CONCLUSIONS Focused on targeted drilling in the Molla area with newly acquired 3D seismic Horizontal drilling and secondary recovery in legacy elmo field expected to increase production Year-end 2014 exit rate guidance based on…
  17. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 17
    APPENDIX 18
  18. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 18
    PRESIDENT AND COO TRACK RECORD OF GROWTH Led Longfellow Energy to 98% production growth and 202% reserves growth in 2013 Todd C. Dutton, President James R. Huling, COO 37 years of industry experience 29 years of industry…
  19. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 19
    BULGARIA NATURAL GAS, 50% WI Bulgaria Well Status Deventci-R2 tested 2MMCFPD with condensates after perforation Performed a build-up pressure test of the well in Q1-Q2 2014 Requested approval to acidize the well on June 26,…
  20. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 20
    OPERATING AND FINANCIAL HIGHLIGHTS Results for the period: Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Net Sales Oil (BBLD) 2,527 2,500 2,533 2,889 3,495 Natural Gas (MMCFD) 9.0 9.4 11.2 10.4 9.0 BOEPD 4,022 4,076 4,391 4,622 5,000…
  21. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 21
    YEAR-END 2013 RESERVES Total 1P + 1P + 2P + Total Proved Reserves PDP PDNP PUD Probable Possible (1P) (MMBoe) (2P) (3P) 12/31/2012 5.1 1.4 5.1 11.6 21.6 54.2 Reserve 2.3 (0.5) 0.5 2.3 4.3 2.0 Changes Production (1.7) 0.0…
  22. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 22
    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 believes that the presentation of PV-10,…
  23. THE 2014 OIL AND GAS CONFERENCE – Transatlantic Petroleum Ltd. – slide 23
    CONTACTS Taylor C. Beach Wil F. Saqueton Director of Investor Relations VP & CFO (214) 265-4746 (214) 220-4323 Taylor.Beachtapcor.com www.TransAtlanticPetroleum.com 24

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