Investor Presentaiton

Egypt: Eastern Desert Merged Concession Newly merged concession offering attractive fiscal terms to enable further development 100% WI Operator Asset Overview > Located onshore in Egypt's Eastern Desert with 52,500 gross acreage position > Three previous PSCs were combined into one concession, ratified in early 2022 - 20-year (15-year primary + 5-year option) contract period Improved fiscal terms to support future growth - US$50m minimum investment in each five-year period for the 15-year primary term US$66m cost of merged concession (US$36m paid to date, three annual payments of US$10m remaining) as compensation to EGPC for reduced government take US$51m receivable due to effective date adjustment Original receivable of US$67m offset in late 2022 by US$17m 32-500 Western Desert - Outstanding AR down to US$19m at end of Q3 2023, as we continue to work closely and have a strong relationship with EGCP > 100% heavy oil production (~21° API gravity) Legend TransGlobe Fields Merged Concession Development Lease Boundaries - All production sent by pipeline to coastal storage facility where it is stored pending periodic liftings Crude sold to both third parties and Egyptian government with payments received in USD and offsets (EGPC owned services and supply companies) Oil Pipeline Terminals 100km Nile River Delta Cairo 33 Eastern Desert Gulf of Sues коле 0 25 5 7.5 10 Kilometers MY ME Slide 11

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