Blocks S-1 and 75
Dynamic. Growth-Oriented. Great Outlook. CAPP – June 15 – 17, 2009
Disclaimer This presentation may include certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such statements relate to possible future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although TransGlobe’s forward-looking statements are based on the beliefs, expectations, opinions and assumptions of the Company’s management on the date the statements are made, such statements are inherently uncertain and provide no guarantee of future performance. Actual results may differ materially from TransGlobe’s expectations as reflected in such forward-looking statements as a result of various factors, many of which are beyond the control of the Company. These factors include, but are not limited to, unforeseen changes in the rate of production from TransGlobe’s oil and gas properties, changes in price of crude oil and natural gas, adverse technical factors associated with exploration, development, production or transportation of TransGlobe’s crude oil and natural gas reserves, changes or disruptions in the political or fiscal regimes in TransGlobe’s areas of activity, changes in tax, energy or other laws or regulations, changes in significant capital expenditures, delays or disruptions in production due to shortages of skilled manpower, equipment or materials, economic fluctuations, and other factors beyond the Company’s control. TransGlobe does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, and investors should not attribute undue certainty to, or place undue reliance on, any forward-looking statements. Please consult TransGlobe’s public filings at www.sedar.com and www.sec.gov for further, more detailed information concerning these matters. All dollar values are expressed in U.S. dollars unless otherwise stated. NASDAQ: TGA
TSX: TGL
1
A Dynamic, Growth-Oriented International Story Focused on Egypt and Yemen Combined 7 international blocks with 6.8 million acres Low-risk production growth plus high-impact exploration Prospect size: 5-50 million barrels 2009 plan Up to 21 wells 3D seismic on Blocks 75/S-1 in Yemen Capital spending (2009: $35.2 million) funded entirely with cash flow and working capital: fiscal prudence Development focus for 2009
NASDAQ: TGA
TSX: TGL
TransGlobe – A Dynamic Growth Story Average Daily Production
Production per Share
(boe/d)
(boe/d/thousand shares diluted)
5,651
6,000 4,991
5,000
0.10 0.08
5,093
0.09 0.08
0.08
0.07
0.06
3,865
0.04
3,000 2,000
0.02
1,000
et
8 Ta
rg
20 0
9 20 0
7 20 0
6 20 0
Ta rg et
20 08
20 09
20 07
20 06
20 05
*Canadian assets sold on April 30, 2008
5
0.00
0
20 04
0.12
0.12 7,342
20 0
8,000 7,000
0.14
0.14
4
9,000
4,000
9,300 – 9,700
Egypt Block S-1, Yemen Block 32, Yemen Canada*
20 0
10,000
Current production (May 2009 avg.): 9,725 Bopd NASDAQ: TGA
TSX: TGL
2
Recent Daily Production 12,000
May avg. 9,725 Bopd
Oil Sales (bopd)
10,000
8,000
6,000 4,000
Godah Tasour An Nagyah
2,000
Egypt 0 Jan-09
Feb-09
NASDAQ: TGA
Mar-09
Apr-09
May-09
TSX: TGL
TransGlobe – A Dynamic Growth Story P+P Reserves
P+P Reserves per Share
(MMboe)
(boe/share diluted) 19.8
20 18 16
Egypt Yemen Canada
16.4
0.33
0.30
0.27
0.25
14 12
0.35
11.7 10.4
0.20
10.5
10
0.18
0.17
2004
2005
0.19
0.15
8 6
0.10
4 0.05
2 0.00
0 2004
2005
2006
2007
2008
2006
2007
2008
(NI-51-101 Working Interest Reserves at December 31)
2008 YOY increase: 21% NASDAQ: TGA
TSX: TGL
3
TransGlobe – A Dynamic Growth Story Funds Flow per Share
Funds Flow
($/share diluted)
($MM)
0.98
1.00
70
0.86
59
60
0.77
52
47
50
0.75
0.63
38
40
32
0.48
0.50
30 20
0.31
17
0.25
10
Ta rg et
20 08
20 09
20 07
20 06
20 05
Ta rg et
20 09
20 08
20 07
20 06
20 05
20 04
20 04
0.00
0
2009 target based on $45.00/Bbl Dated Brent for Q2, Q3 and Q4 2009
NASDAQ: TGA
TSX: TGL
TransGlobe – A Dynamic Growth Story Net Income per Share
Net Income
($/share diluted)
($MM) 35
32
30
0.60
0.52 0.50
26
0.43
25
0.40
20
20
0.33 0.30
15
13
0.21 0.20
10
6
0.10
5
0.10
0.00
0 2004
NASDAQ: TGA
2005
2006
2007
2008
2004
2005
2006
2007
2008
TSX: TGL
4
Middle East Focus
Arab Republic of Egypt
Republic of Yemen
NASDAQ: TGA
TSX: TGL
2009 Plan Budget: $35.2 MM Up to 12 wells 60% of budget Waterfloods Arab Republic of Egypt
Republic of Yemen
NASDAQ: TGA
TSX: TGL
5
2009 Plan Budget: $35.2 MM Up to 12 wells 60% of budget Waterfloods Arab Republic of Egypt
3-D seismic on Blocks S-1/75 40% of budget 5-9 wells Republic of Yemen
NASDAQ: TGA
TSX: TGL
Arab Republic of Egypt 2004 entry into Egypt via farm-in 100% Working Interest in 9 development leases, with approx. 6,500 Bopd of production 71% Working Interest in large exploration license Fiscal regime: Production Sharing Contracts 0% royalty Cost recovery and production-sharing oil
NASDAQ: TGA
TSX: TGL
6
Egypt – Gulf of Suez West GharibSOUTH
Approved Development Lease Producing Fields
RAHMI
___ Pipeline
9 approved development leases 100% W.I. 8 producing fields
EAST ARTA
Gulf of Suez
ARTA
Current ~ 6,500 Bopd 16-31° API oil
EAST HOSHIA
1 large rig drilling
NORTH HOSHIA
20 staff plus 90 operating company staff
HOSHIA WEST HOSHIA
Development & exploration potential
HANA
FADL 5
0
5
10
20
KILOMETRES
NASDAQ: TGA
TSX: TGL
Egypt: West Gharib Upside Opportunities Exploration opportunities: Approved Development Lease
SOUTH RAHMI
Field
Play/Lead
OOIP
Exploration Leads
(MMBbl)
EOR (Enhanced Oil Recovery) Prospects W. Hoshia Exp Lead E. Hoshia Thebes Exp Lead E. Hoshia Rudeis Exp Lead South Rahmi Exp Lead N. Hoshia Exp Lead
EAST ARTA
Gulf of Suez
ARTA
EAST HOSHIA
18 55 18 21 21
133
Total
Development opportunities:
NORTH HOSHIA HOSHIA
Field
HANA WEST HANA FADL
5
0
5
Type
Unrisked Rec. (MMBbl)
WEST HOSHIA
10
Hana Hana Hoshia Hoshia Hana West Total
Waterflood ASP Flood Waterflood ASP Flood Waterflood/ASP
5.9 5.9 1.8 1.8 5.0
20.4
20
KILOMETRES
NASDAQ: TGA
TSX: TGL
7
Hana West Field Drilled discovery well at depth of 6,440 feet in November 2008 based on interpretation of recent seismic data Discovery well encountered 260 feet of pay tested in December 2008 at 2,800 Bopd of 27° API Through May 2009, drilled five successful follow-up wells adding 3,000 Bopd in total
NASDAQ: TGA
TSX: TGL
Hana Area Approved Development Lease Producing Fields Currently Drilling or Upcoming Locations
New water injector, 2009
Hana West
2009 Plan: Appraisal drilling of discovery at Hana #18 Simulation work for waterfloods Facilities expansion
Hana #18 2000
0
2000
4000
FEET
NASDAQ: TGA
TSX: TGL
8
West Gharib : 2009 Plans Drill up to 12 wells 1 rig continuously drilling Enhanced recovery projects Waterflood started at Hana, Hoshia Development drilling New discovery at Hana West (260+ ft. of oil pay encountered) Appraisal drilling underway at Hana West Increased exploration drilling for the second half 2009 NASDAQ: TGA
TSX: TGL
Nuqra Block Nuqra
Approved Development Lease Hydrocarbon Basin
Nuqra Block 5.46 million acres
FARIS-1
38° API Oil discovery
Future Plans: Re-map seismic for Cretaceous targets Drill in 2010 – possible farm-out
NARMER 1
SET 1
71.43% Working Interest 2.3 million acres prospective Jurassic/Cretaceous Proven oil system Under-explored
ASWAN
80
0 KILOMETRES
NASDAQ: TGA
TSX: TGL
9
Republic of Yemen Working interest varying between 13.8% and 33% in 5 blocks 2 development blocks: Block S-1 and Block 32, currently producing approx. 3,300 Bbl/d 3 new exploration blocks: Blocks 72, 75 and 84 Production Sharing Agreements – oil split with government Operating costs ~ $10.00/Bbl 2009: 5 to 9 development wells, large 3-D seismic survey
NASDAQ: TGA
TSX: TGL
Republic of Yemen Development: Block 32 (13.8% W.I., 146,000 acres)
N
KINGDOM OF SAUDI ARABIA
Block S-1 (25% W.I. , 285,000 acres) REPUBLIC OF YEMEN
Exploration: Block 72 (33% W.I., 450,000 acres)
BLOCK 32
Block 84 (33% W.I., 183,000 acres)
BLOCK 84 BLOCK 72 BLOCK S-1 & 75
Block 75 (25% W.I., 262,500 acres)
INDIAN OCEAN 0
NASDAQ: TGA
TSX: TGL
100
200
300
KILOMETRES
10
West Yemen: Blocks S-1 and 75 Operated by Occidental Petroleum
N
Block S-1 (25% W.I.)
KINGDOM OF SAUDI ARABIA
Development area 285,000 acres REPUBLIC OF YEMEN
Strategically located next to production facilities
BLOCK 32
Block 75 (25% W.I.) BLOCK 84
Exploration block 262,500 acres
BLOCK 72 BLOCKS S-1 & 75
INDIAN OCEAN 0
100
200
300
KILOMETRES
NASDAQ: TGA
TSX: TGL
West Yemen – Blocks S-1 and 75 TGA 25%, OXY 75% Block S-1 • Gas Development discussions underway AN NAEEM 1, 2, 3
EXPORT PIPELINE HALIWAH TO RED SEA FIELD DHAHAB FIELD
HARMEL
BLOCK S-1 (1,152 sq km)
W. BAYHAN
AN NAGYAH
Five discoveries to date: Gas/condensate at An Naeem Medium-gravity oil at Harmel Light oil at An Nagyah Gas/condensate/oil at Wadi Bayhan
OSAYLAN
Light oil at Osaylan 0
20
Block 75
KILOMETRES
• New 3D seismic acquisition area: crew mobilized NASDAQ: TGA
Exploration BLOCK 75 (1,024 sq km) TSX: TGL
11
East Yemen: Blocks 32, 72 and 84 N
KINGDOM OF SAUDI ARABIA
REPUBLIC OF YEMEN
BLOCK 32 BLOCK 84 BLOCK 72
BLOCKS S-1 & 75
INDIAN OCEAN 0
100
200
300
KILOMETRES
NASDAQ: TGA
TSX: TGL
East Yemen – Blocks 32, 72 and 84
PETRONAS
DOVE
Block 32 (591 sq km) 13.8% W.I.
All Blocks are operated by DNO International ASA
Block 32 Producing since 2000 Development well drilled in Q1 09
Block 72 Drilling in 2010
SIPC TOTAL CALVALLEY
Block 84
NEXEN MASILA
Waiting on approval
DNO
Block 72 (1,822 sq km) 33% W.I. 0
50
NEXEN Export Pipeline to Indian Ocean
Block 84 (731 sq km) 33% W.I.
KILOMETRES
NASDAQ: TGA
TSX: TGL
12
Low-Risk Development and High-Impact Exploration Portfolio High EY-72
E-W Gharib WY-S-1
Impact
WY-75
EY-84 E-Nuqra B.
EY-32
Low Low
Risk
High
E – Egypt EY – East Yemen WY – West Yemen
NASDAQ: TGA
TSX: TGL
Why You Should Invest in TransGlobe
Proven track record with extensive Middle East experience Great upside potential from extensive and diverse portfolio of drilling opportunities Focused on significant prize in field size and per-well productivity and reserves Significant production and reserve base, with multiple identified exploration and development locations Financially prudent; capital program fully funded from cash flow and cash on hand NASDAQ: TGA
TSX: TGL
13
Market Activity TSX: TGL Trading price high/low (52-wk.) June 4, 2009 closing price Average daily trading volume (52-wk.) NASDAQ: TGA Trading price high/low (52-wk.) June 4, 2009 closing price Average daily trading volume (52-wk.) Shares outstanding Basic Fully diluted Held by management/other insiders Market capitalization (early June 09) Successful equity issue in Feb. 09 for approx.
NASDAQ: TGA
Cdn$5.70/Cdn$1.70 Cdn$3.08 64,102 $5.64/$1.43 $2.82 175,643 65 MM 67 MM ~10% Cdn$200 MM Cdn$20 MM
TSX: TGL
Contact Information
TransGlobe Energy Corporation Investor Relations T: 403.268.9868 E: [email protected] W: www.trans-globe.com
NASDAQ: TGA
TSX: TGL
14
Disclaimer This presentation may include certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such statements relate to possible future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although TransGlobe’s forward-looking statements are based on the beliefs, expectations, opinions and assumptions of the Company’s management on the date the statements are made, such statements are inherently uncertain and provide no guarantee of future performance. Actual results may differ materially from TransGlobe’s expectations as reflected in such forward-looking statements as a result of various factors, many of which are beyond the control of the Company. These factors include, but are not limited to, unforeseen changes in the rate of production from TransGlobe’s oil and gas properties, changes in price of crude oil and natural gas, adverse technical factors associated with exploration, development, production or transportation of TransGlobe’s crude oil and natural gas reserves, changes or disruptions in the political or fiscal regimes in TransGlobe’s areas of activity, changes in tax, energy or other laws or regulations, changes in significant capital expenditures, delays or disruptions in production due to shortages of skilled manpower, equipment or materials, economic fluctuations, and other factors beyond the Company’s control. TransGlobe does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, and investors should not attribute undue certainty to, or place undue reliance on, any forward-looking statements. Please consult TransGlobe’s public filings at www.sedar.com and www.sec.gov for further, more detailed information concerning these matters. All dollar values are expressed in U.S. dollars unless otherwise stated. NASDAQ: TGA
TSX: TGL
1
A Dynamic, Growth-Oriented International Story Focused on Egypt and Yemen Combined 7 international blocks with 6.8 million acres Low-risk production growth plus high-impact exploration Prospect size: 5-50 million barrels 2009 plan Up to 21 wells 3D seismic on Blocks 75/S-1 in Yemen Capital spending (2009: $35.2 million) funded entirely with cash flow and working capital: fiscal prudence Development focus for 2009
NASDAQ: TGA
TSX: TGL
TransGlobe – A Dynamic Growth Story Average Daily Production
Production per Share
(boe/d)
(boe/d/thousand shares diluted)
5,651
6,000 4,991
5,000
0.10 0.08
5,093
0.09 0.08
0.08
0.07
0.06
3,865
0.04
3,000 2,000
0.02
1,000
et
8 Ta
rg
20 0
9 20 0
7 20 0
6 20 0
Ta rg et
20 08
20 09
20 07
20 06
20 05
*Canadian assets sold on April 30, 2008
5
0.00
0
20 04
0.12
0.12 7,342
20 0
8,000 7,000
0.14
0.14
4
9,000
4,000
9,300 – 9,700
Egypt Block S-1, Yemen Block 32, Yemen Canada*
20 0
10,000
Current production (May 2009 avg.): 9,725 Bopd NASDAQ: TGA
TSX: TGL
2
Recent Daily Production 12,000
May avg. 9,725 Bopd
Oil Sales (bopd)
10,000
8,000
6,000 4,000
Godah Tasour An Nagyah
2,000
Egypt 0 Jan-09
Feb-09
NASDAQ: TGA
Mar-09
Apr-09
May-09
TSX: TGL
TransGlobe – A Dynamic Growth Story P+P Reserves
P+P Reserves per Share
(MMboe)
(boe/share diluted) 19.8
20 18 16
Egypt Yemen Canada
16.4
0.33
0.30
0.27
0.25
14 12
0.35
11.7 10.4
0.20
10.5
10
0.18
0.17
2004
2005
0.19
0.15
8 6
0.10
4 0.05
2 0.00
0 2004
2005
2006
2007
2008
2006
2007
2008
(NI-51-101 Working Interest Reserves at December 31)
2008 YOY increase: 21% NASDAQ: TGA
TSX: TGL
3
TransGlobe – A Dynamic Growth Story Funds Flow per Share
Funds Flow
($/share diluted)
($MM)
0.98
1.00
70
0.86
59
60
0.77
52
47
50
0.75
0.63
38
40
32
0.48
0.50
30 20
0.31
17
0.25
10
Ta rg et
20 08
20 09
20 07
20 06
20 05
Ta rg et
20 09
20 08
20 07
20 06
20 05
20 04
20 04
0.00
0
2009 target based on $45.00/Bbl Dated Brent for Q2, Q3 and Q4 2009
NASDAQ: TGA
TSX: TGL
TransGlobe – A Dynamic Growth Story Net Income per Share
Net Income
($/share diluted)
($MM) 35
32
30
0.60
0.52 0.50
26
0.43
25
0.40
20
20
0.33 0.30
15
13
0.21 0.20
10
6
0.10
5
0.10
0.00
0 2004
NASDAQ: TGA
2005
2006
2007
2008
2004
2005
2006
2007
2008
TSX: TGL
4
Middle East Focus
Arab Republic of Egypt
Republic of Yemen
NASDAQ: TGA
TSX: TGL
2009 Plan Budget: $35.2 MM Up to 12 wells 60% of budget Waterfloods Arab Republic of Egypt
Republic of Yemen
NASDAQ: TGA
TSX: TGL
5
2009 Plan Budget: $35.2 MM Up to 12 wells 60% of budget Waterfloods Arab Republic of Egypt
3-D seismic on Blocks S-1/75 40% of budget 5-9 wells Republic of Yemen
NASDAQ: TGA
TSX: TGL
Arab Republic of Egypt 2004 entry into Egypt via farm-in 100% Working Interest in 9 development leases, with approx. 6,500 Bopd of production 71% Working Interest in large exploration license Fiscal regime: Production Sharing Contracts 0% royalty Cost recovery and production-sharing oil
NASDAQ: TGA
TSX: TGL
6
Egypt – Gulf of Suez West GharibSOUTH
Approved Development Lease Producing Fields
RAHMI
___ Pipeline
9 approved development leases 100% W.I. 8 producing fields
EAST ARTA
Gulf of Suez
ARTA
Current ~ 6,500 Bopd 16-31° API oil
EAST HOSHIA
1 large rig drilling
NORTH HOSHIA
20 staff plus 90 operating company staff
HOSHIA WEST HOSHIA
Development & exploration potential
HANA
FADL 5
0
5
10
20
KILOMETRES
NASDAQ: TGA
TSX: TGL
Egypt: West Gharib Upside Opportunities Exploration opportunities: Approved Development Lease
SOUTH RAHMI
Field
Play/Lead
OOIP
Exploration Leads
(MMBbl)
EOR (Enhanced Oil Recovery) Prospects W. Hoshia Exp Lead E. Hoshia Thebes Exp Lead E. Hoshia Rudeis Exp Lead South Rahmi Exp Lead N. Hoshia Exp Lead
EAST ARTA
Gulf of Suez
ARTA
EAST HOSHIA
18 55 18 21 21
133
Total
Development opportunities:
NORTH HOSHIA HOSHIA
Field
HANA WEST HANA FADL
5
0
5
Type
Unrisked Rec. (MMBbl)
WEST HOSHIA
10
Hana Hana Hoshia Hoshia Hana West Total
Waterflood ASP Flood Waterflood ASP Flood Waterflood/ASP
5.9 5.9 1.8 1.8 5.0
20.4
20
KILOMETRES
NASDAQ: TGA
TSX: TGL
7
Hana West Field Drilled discovery well at depth of 6,440 feet in November 2008 based on interpretation of recent seismic data Discovery well encountered 260 feet of pay tested in December 2008 at 2,800 Bopd of 27° API Through May 2009, drilled five successful follow-up wells adding 3,000 Bopd in total
NASDAQ: TGA
TSX: TGL
Hana Area Approved Development Lease Producing Fields Currently Drilling or Upcoming Locations
New water injector, 2009
Hana West
2009 Plan: Appraisal drilling of discovery at Hana #18 Simulation work for waterfloods Facilities expansion
Hana #18 2000
0
2000
4000
FEET
NASDAQ: TGA
TSX: TGL
8
West Gharib : 2009 Plans Drill up to 12 wells 1 rig continuously drilling Enhanced recovery projects Waterflood started at Hana, Hoshia Development drilling New discovery at Hana West (260+ ft. of oil pay encountered) Appraisal drilling underway at Hana West Increased exploration drilling for the second half 2009 NASDAQ: TGA
TSX: TGL
Nuqra Block Nuqra
Approved Development Lease Hydrocarbon Basin
Nuqra Block 5.46 million acres
FARIS-1
38° API Oil discovery
Future Plans: Re-map seismic for Cretaceous targets Drill in 2010 – possible farm-out
NARMER 1
SET 1
71.43% Working Interest 2.3 million acres prospective Jurassic/Cretaceous Proven oil system Under-explored
ASWAN
80
0 KILOMETRES
NASDAQ: TGA
TSX: TGL
9
Republic of Yemen Working interest varying between 13.8% and 33% in 5 blocks 2 development blocks: Block S-1 and Block 32, currently producing approx. 3,300 Bbl/d 3 new exploration blocks: Blocks 72, 75 and 84 Production Sharing Agreements – oil split with government Operating costs ~ $10.00/Bbl 2009: 5 to 9 development wells, large 3-D seismic survey
NASDAQ: TGA
TSX: TGL
Republic of Yemen Development: Block 32 (13.8% W.I., 146,000 acres)
N
KINGDOM OF SAUDI ARABIA
Block S-1 (25% W.I. , 285,000 acres) REPUBLIC OF YEMEN
Exploration: Block 72 (33% W.I., 450,000 acres)
BLOCK 32
Block 84 (33% W.I., 183,000 acres)
BLOCK 84 BLOCK 72 BLOCK S-1 & 75
Block 75 (25% W.I., 262,500 acres)
INDIAN OCEAN 0
NASDAQ: TGA
TSX: TGL
100
200
300
KILOMETRES
10
West Yemen: Blocks S-1 and 75 Operated by Occidental Petroleum
N
Block S-1 (25% W.I.)
KINGDOM OF SAUDI ARABIA
Development area 285,000 acres REPUBLIC OF YEMEN
Strategically located next to production facilities
BLOCK 32
Block 75 (25% W.I.) BLOCK 84
Exploration block 262,500 acres
BLOCK 72 BLOCKS S-1 & 75
INDIAN OCEAN 0
100
200
300
KILOMETRES
NASDAQ: TGA
TSX: TGL
West Yemen – Blocks S-1 and 75 TGA 25%, OXY 75% Block S-1 • Gas Development discussions underway AN NAEEM 1, 2, 3
EXPORT PIPELINE HALIWAH TO RED SEA FIELD DHAHAB FIELD
HARMEL
BLOCK S-1 (1,152 sq km)
W. BAYHAN
AN NAGYAH
Five discoveries to date: Gas/condensate at An Naeem Medium-gravity oil at Harmel Light oil at An Nagyah Gas/condensate/oil at Wadi Bayhan
OSAYLAN
Light oil at Osaylan 0
20
Block 75
KILOMETRES
• New 3D seismic acquisition area: crew mobilized NASDAQ: TGA
Exploration BLOCK 75 (1,024 sq km) TSX: TGL
11
East Yemen: Blocks 32, 72 and 84 N
KINGDOM OF SAUDI ARABIA
REPUBLIC OF YEMEN
BLOCK 32 BLOCK 84 BLOCK 72
BLOCKS S-1 & 75
INDIAN OCEAN 0
100
200
300
KILOMETRES
NASDAQ: TGA
TSX: TGL
East Yemen – Blocks 32, 72 and 84
PETRONAS
DOVE
Block 32 (591 sq km) 13.8% W.I.
All Blocks are operated by DNO International ASA
Block 32 Producing since 2000 Development well drilled in Q1 09
Block 72 Drilling in 2010
SIPC TOTAL CALVALLEY
Block 84
NEXEN MASILA
Waiting on approval
DNO
Block 72 (1,822 sq km) 33% W.I. 0
50
NEXEN Export Pipeline to Indian Ocean
Block 84 (731 sq km) 33% W.I.
KILOMETRES
NASDAQ: TGA
TSX: TGL
12
Low-Risk Development and High-Impact Exploration Portfolio High EY-72
E-W Gharib WY-S-1
Impact
WY-75
EY-84 E-Nuqra B.
EY-32
Low Low
Risk
High
E – Egypt EY – East Yemen WY – West Yemen
NASDAQ: TGA
TSX: TGL
Why You Should Invest in TransGlobe
Proven track record with extensive Middle East experience Great upside potential from extensive and diverse portfolio of drilling opportunities Focused on significant prize in field size and per-well productivity and reserves Significant production and reserve base, with multiple identified exploration and development locations Financially prudent; capital program fully funded from cash flow and cash on hand NASDAQ: TGA
TSX: TGL
13
Market Activity TSX: TGL Trading price high/low (52-wk.) June 4, 2009 closing price Average daily trading volume (52-wk.) NASDAQ: TGA Trading price high/low (52-wk.) June 4, 2009 closing price Average daily trading volume (52-wk.) Shares outstanding Basic Fully diluted Held by management/other insiders Market capitalization (early June 09) Successful equity issue in Feb. 09 for approx.
NASDAQ: TGA
Cdn$5.70/Cdn$1.70 Cdn$3.08 64,102 $5.64/$1.43 $2.82 175,643 65 MM 67 MM ~10% Cdn$200 MM Cdn$20 MM
TSX: TGL
Contact Information
TransGlobe Energy Corporation Investor Relations T: 403.268.9868 E: [email protected] W: www.trans-globe.com
NASDAQ: TGA
TSX: TGL
14
