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Q4 & Year End 2014 Results – Transglobe Energy Corporation

Transglobe Energy Corporation · Mar 5, 2015 · 12 slides

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Slides

  1. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 1
    TRANSGLOBE ENERGY Q4 & Year-End 2014 Results MARCH 5, 2015
  2. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 2
    2014 FINANCIAL HIGHLIGHTS Sales volumes averaged 16,161 Bopd in 2014 Funds flow of 120.5MM (1.61/share-basic) Earnings of 11.5MM (0.15/share-basic) Spent 107.5MM on Exploration and Development 140.4MM in cash and cash equivalents…
  3. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 3
    Q4 2014 FINANCIAL HIGHLIGHTS Sales volumes averaged 15,139 Bopd for the quarter Funds flow from operations of 15.9 million (0.19/share- basic) Collections from EGPC amounting to 140.1 million or 60% of annual collections Average oil…
  4. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 4
    OIL MARKETING Sold first cargo in February West Gharib entitlement oil for Q1 Proceeds to be received late March Proceeds from over-lift of approximately 130,000 barrels to be credited against A/R Second cargo to be lifted in April…
  5. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 5
    CURRENT DAILY PRODUCTION TRANSGLOBE TOTAL DAILY 20,000 Production (bopd) 15,000 10,000 Block 32 Block S-1 5,000 East Ghazalat West Bakr West Gharib 0 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 Q4 15.2…
  6. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 6
    2015 PLAN Reduce the 2015 capital program in response to dramatically lower oil prices. Focus on production/operating expense optimization. Complete the large 2014/2015 3-D seismic acquisition program, seismic processing, mapping and…
  7. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 7
    2015 CAPITAL BUDGET 2015 Capital Exploration and Development Guidance of 37.5 million Exploration 19 million (51%) and Development 18 million (49%) 7 million drilling (5 wells) 11 million development projects/facilities/equipment…
  8. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 8
    2015 DEVELOPMENT PROJECT INVENTORY North West Gharib discoveries (1,3 & 5) West Bakr South K-Field extension West Bakr shut-in/suspended well workover program Waterflood optimization projects at West Gharib and West Bakr Block S-1…
  9. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 9
    EGYPT ASSETS: EASTERN DESERT 10
  10. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 10
    NW GHARIB: 100% WI - OPERATED 16 3 2014 15 Wells Drilled 2 3 oil discoveries 1, 3 & 5 14 2 successful appraisal 1 wells - 16, 5B 10 D&A 33% success rate 5 overall Three oil developments progressing toward first…
  11. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 11
    EGYPT ASSETS: WESTERN DESERT 12
  12. Q4 & Year End 2014 Results – Transglobe Energy Corporation – slide 12
    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 Ratified in January 2015 Total 2015 3-D Seismic…

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