TransAtlantic Petroleum — Corporate Update (March 2020)
9 slides from TransAtlantic Petroleum's corporate update, Mar 9, 2020
Slide 1: 2019 Year End Corporate Reserves Update
2019 year end Corporate reserves update March 2020 Exhibit 99.2
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.’s own production growth and mix; financial results; the amount and mix of
Slide 3: 2019YE Corporate Reserves Update: Price Impacts
2019YE Corporate reserves update Price impacts – sec oil price decreased by 13% yoy (1) Based on YE2019 D&M SEC Reserve Report and YE2019 D&M Strip-Pricing Reserve Report (2) Brent Forward run at Feb 1, 2020 Pricing ($55.48)
Slide 4: Reserves Continuity Waterfall (Volume)
reserves continuity waterfall (volume) Total proved – volume (in Millions of BBL of Oil Equivalent) (1) Based on YE2019 D&M SEC Reserve Report and YE2019 D&M Strip-Pricing Reserve Report (2) Brent Forward run at Feb 1, 2020 Pricing ($55.48)
Slide 5: Reserves Continuity Waterfall (Value)
reserves continuity waterfall (vALUE) Total proved – Value (in Millions of USD) (1) Based on YE2019 D&M SEC Reserve Report and YE2019 D&M Strip-Pricing Reserve Report (2) Brent Forward run at Feb 1, 2020 Pricing ($55.48)
Slide 6: Overview – SEC vs. Brent Forward Strip
OVERVIEW – SEC VS. BRENT FORWARD STRIP Sec pricing Brent forward Reserves (MMBoe) Proved (1P) 1P + Probable (2P) 1P + 2P + Possible (3P) YE2018 10.4 16.3 22.6 Production -1.0 -1.0 -1.0 Adds/Revisions 1.3 2.8 3.3 YE2019 10.7 18.0 24.9 Y/Y Change 3% 11% 10% Reserves/Production 10.3 17.3 24.0 Reserves
Slide 7: DeGolyer and MacNaughton Reserves Summary
2019YE Corporate reserves update Degolyer & macnaughton SEC OIL GAS MBOE PV10 BRENT FWD OIL GAS MBOE PV10 (MBO) (MMCF) (MBOE) (M$) (MBO) (MMCF) (MBOE) (M$) 1P 10,259 2,467 10,670 $288,510 1P 10,174 2,467 10,585 $241,800 2P 17,470 3,312 18,022 $459,597 2P 17,369 3,312 17,921 $387,178 3P 24,212 4,295
Slide 8: Reserves Reconciliation
Reserves reconciliation Value of Proved Reserves The following table shows our estimated future net revenue of 1P reserves at SEC pricing, Standardized Measure, 1P-PV10 at SEC pricing, 1P-PV10 at forward strip pricing, 2P-PV10 at forward strip pricing, 3P-PV10 at forward strip pricing and Incrementa
Slide 9: Reserves Reconciliation (Cont.)
Reserves reconciliation (Cont.) The following table provides a reconciliation of our 1P-PV10 at forward strip pricing to our Standardized Measure: The following table provides a reconciliation of our 2P-PV10 at forward strip pricing to our Standardized Measure: Proved (1P) Proved + Probable (2P) (in
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