TransAtlantic Petroleum — CEEC Scout Meeting, Constanta, Romania (May 2019)
14 slides from TransAtlantic Petroleum's conference presentation, May 10, 2019
Slide 1: CEEC Scout Meeting: Corporate activity update
CEEC SCOUT MEETING Constanta, Romania Corporate activity update May 10, 2019 Photo: SE Turkey, Bahar Field – Fracture Stimulation Operations Exhibit 99.1
Slide 2: Disclaimer
disclaimer Outlooks, projections, estimates, targets, and business plans in this presentation or any related subsequent discussions are forward-looking statements. Actual future results, including TransAtlantic Petroleum Ltd. (“TransAtlantic” or “TAT”) production growth and mix; financial results; t
Slide 3: TransAtlantic Portfolio Snapshot
240,081 gross acres Tertiary reservoirs 3 exploration licenses (Temrez) over Basin Centered Gas Accumulation Play (BCGA) Only independent E&P with an operated position in the BCGA fairway ~4-8 Tcf of gas and ~100-200 MMBbls of condensate resources (2) 50,000 net acres in core BCGA fairway Production
Slide 4: Exploration & production activity in Turkey
Exploration & production activity in turkey Proven and prospective development opportunities 4 Main Oil Producing Fields 3,000 Bbl Oil per Day (NRI) 10.4 MMBbl of Proved Reserves (1) 28 Prospects in Southeast Turkey 3 Main Exploration Horizons 20.3 MMBbl of Risked Recoverable Oil (2) Emerging Unconv
Slide 5: Operations update
Mardin Prospects Dadas Sand Prospects Bedinan Prospects TransAtlantic Fields Other Fields Molla area Operations update Yeniev Field – Expanding 2018 Discovery Both the Yeniev-1 and West Yeniev-1 wells continue flowing naturally with little water from the Ordovician Bedinan. The East Yeniev-1 resulte
Slide 6: Focus on execution performance
Focus on execution performance Last 5 Well Ave. Spud to RR = 45 days Last 5 well CDC Capex = $2.7 MM Previous 5 well CDC Capex = $3.9 MM Previous 5 well Ave. Spud to RR = 63 days ~29% Improvement in Drilling Times ~31% Improvement in D&C Cost Step-Change In D&C Well Cost Continuous Improvement in De
Slide 7: Bedinan water salinity
Bedinan water salinity Salinity ranges from 56,ooo to 120,000 ppm across project area Paleozoic Water Study Proposal Phase 1 – Create inter-company water salinity study to more accurately define salinity changes across the basin. Phase 2 – Develop a geological explanation Salinity (NaCl) ppm 120,000
Slide 8: Selmo – Permian test
Selmo – Permian test Operations update Re-entered the Selmo-1 well to test the Permian formation. Established productivity of new horizon in 2019. Oil = 29 Bopd, 45.6 API condensate Gas = 8.5 MMcf/d natural gas containing a high CO2 Production test from Middle Gomanibrik only. Expansion of perforati
Slide 9: Thrace Basin Centered Gas Accumulation
Thrace basic center gas aCCUMULATION Operations update Yamalik-1 exploration well operated by Valeura and Equinor. In the first quarter of 2019, Valeura and Equinor announced that they drilled and cased a second well in the Thrace Basin BCGA, the Inanli-1 well and encountered 1,615 meters of high ne
Slide 10: Bulgaria – Deventci R1ST operations update
BULGARIA – DEVENTCI R1ST OPERATIONS UPDATE TransAtlantic re-entered the Deventci R-1 well in December 2018, targeting the Ozirovu and Dolmi Dabnik formations. The well was drilled to a total depth of 16,450 feet. Formations came on within 250’ of prognosis; however the reservoir quality was not suff
Slide 11: SE Turkey emerging plays: Deep Bedinan
Se turkey emerging plays Deep bedinan Dadas Hot Shale Deep Bedinan Bedinan Dadas Hazro Ambarcik-2 Next Steps TransAtlantic has plans to drill a deep test in the Bahar field in 2019. Only 5 wells drilled and tested a Deep Bedinan sand ~1,000’ below the top Bedinan ~1000’ thick Ordovician source rock
Slide 12: SE Turkey emerging plays: Bakuk gas field
Se turkey emerging plays Bakuk gas field Bakuk-1 Bakuk-101 25,000 net acres New Major Pipeline Under Construction Adjacent to Field Pipeline ROW crossing anticline Next Steps 25,000-acre anticline Single producing well is conservatively estimated to contain ~4.2 Bcf of PDP gas reserves (1) Major gas
Slide 13: Arpatepe field – EOR project
Arpatepe field – EOR project First bedinan water-flood pilot in turkey planned for 2019 Arpatepe, Caliktepe, and Bati Caliktepe fields are upthrown 3-way closures along wrench faults. They serve as analogs along with Yeniev for prospects located in similar structural settings. Çaliktepe Field Arpate
Slide 14: Thank You
Thank You Photo: Bahar Central Production Facility
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