Investor Presentaiton

Adding Future Value Through Synergies | Unlocking additional value through cost reductions and operational optimization through the use of best practices Immediate Cost Synergies Within 6 months post closing Cancel TransGlobe's listings on TSX, Nasdaq, AIM Reduce Board and Executive positions Consolidation of advisors Extract cost savings in service contracts across the business given combined scale Captured US$3-5 Annualized estimated savings million X X CRESS Medium-Term Cost Synergies 18-24 months post closing Focused on automation and digitalization; kicked off Global Cloud Based ERP solution with 9-12 month timeline for completion Supply chain led contracting efficiencies on drilling and capital projects Annualized estimated savings US$2-4 million IN PRO Operational Synergies Combination enhances engineering and reservoir expertise, including onshore and offshore operations and development Expands fracing knowledge and potential operational applications Combined Company Could Capture Cost Synergies of up to US$30 to US$50 Million Through 2030 That Would Otherwise not be Possible on a Standalone Basis Slide 6

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