TransAtlantic Petroleum — Technical Presentation (March 2019)
10 slides from TransAtlantic Petroleum's technical presentation, Mar 26, 2019
Slide 1: Year end 2018 reserves presentation
March 2019 Year end 2018 reserves presentation Exhibit 99.2
Slide 2: Forward-looking statements
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 capital exp
Slide 3: Oil prices: SEC vs. forward strip prices
Oil priceS Year SEC BRENT FWD STRIP ($/Bbl) ($/Bbl) 2017 YE $54.05 $54.89 2018 YE $72.08 $67.14 2019 $72.08 $55.83 2020 $72.08 $56.77 2021 $72.08 $57.89 2022 $72.08 $58.80 2023 $72.08 $59.99 OIL PRICES SEC VS. FORWARD STRIP PRICES $30.00 $35.00 $40.00 $45.00 $50.00 $55.00 $60.00 $65.00 $70.00 $45.00
Slide 4: 2018 year-end reserves continuity (SEC)
2018 year-end Reserves continuity (SEC) Development plan aligns future capital with growth potential in molla area Based on YE2018 D&M SEC Reserve Report 2018 YEAR-END RESERVES CONTINUITY (SEC) DEVELOPMENT PLAN ALIGNS FUTURE CAPITAL WITH GROWTH POTENTIAL IN MOLLA AREA PROVED RESERVES COMPARISON (SEC
Slide 5: 2018 year-end reserves continuity: PV10 value comparison
2018 year-end Reserves continuity PROVEN COMPANY RESERVE VALUE STAYS RELATIVELY FLAT IN VOLATILE PRICE ENVIRONMENT Based on YE2018 D&M SEC Reserve Report and YE2018 D&M Strip-Pricing Reserve Report 2018 YEAR-END RESERVES CONTINUITY PROVEN COMPANY RESERVE VALUE STAYS RELATIVELY FLAT IN VOLATILE PRICE
Slide 6: Overview – SEC vs. Brent forward strip
Overview – sec vs. brent forward strip Reserves (MMBoe) Proved (1P) 1P + Probable (2P) 1P + 2P + Possible (3P) YE2017 15.5 28.5 41.4 Production -1.1 -1.1 -1.1 Adds/Revisions -4.0 -11.2 -17.7 YE2018 10.4 16.3 22.6 Y/Y Change -33% -43% -45% Reserves/Production 9.8 15.3 21.3 Reserves (MMBoe) Proved (1P
Slide 7: TransAtlantic corporate reserves summary YE2018
TransAtlantic Corporate reserves summary Ye2018 – degolyer & mcnaughton SEC OIL GAS MBOE PV10 BRENT FWD OIL GAS MBOE PV10 (MBO) (MMCF) (MBOE) (M$) (MBO) (MMCF) (MBOE) (M$) 1P 9,976 2,441 10,383 $320,625 1P 9,822 2,441 10,229 $230,206 2P 15,724 3,258 16,267 $476,481 2P 15,525 3,258 16,068 $348,015 3P
Slide 8: Reserves Reconciliation
Reserves Reconciliation DeGolyer and MacNaughton did not estimate the Standardized Measure. PV10 and PV20 values of the estimated future net revenue is not intended to represent the current market value of the estimated oil and natural gas reserves TransAtlantic owns. Management believes that the pr
Slide 9: Reserves Reconciliation (cont.)
Reserves Reconciliation (cont.) Prepared Strip Prices to SEC PV10 and SMOG (1) DeGolyer and MacNaughton did not estimate future income taxes, the discount of future income taxes at 10% per annum or the Standardized Measure Note: The PV10 value of the estimated future net revenue is not intended to r
Slide 10: Thank you
Thank you www.TransAtlanticPetroleum.com
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