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Tag: North West Gharib

TransGlobe announces Q2 2017 financial and operating results

Posted: August 15, 2017 at 11:17 pm   /   Oil & Gas

TransGlobe Energy Corporation announced its financial and operating results for the three and six months ended June 30, 2017.  All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe’s Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe’s Management’s Discussion and Analysis for the three month […]

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TransGlobe Energy announces Egypt operations update, says NWG 38 – Red Bed discovery now on production

Posted: February 22, 2017 at 1:29 pm   /   Oil & Gas

TransGlobe Energy Corporation announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. ARAB REPUBLIC OF EGYPT – EASTERN DESERT North West Gharib, Arab Republic of Egypt (100% working interest, operated) The Company is pleased to provide an update on the NWG exploration and development activities. NWG 38 – Red […]

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TransGlobe announces 2017 Capital Budget and Production Outlook

Posted: February 6, 2017 at 3:53 pm   /   Oil & Gas

HIGHLIGHTS • 2017 capital budget of $56.4 million ($35.2 million firm and $21.2 contingent). • Egypt $25.8 million firm and $14.4 million contingent. • 2017 production of 15.5 to 18.5 MBoepd representing an increase of 30% to 55% over 2016. • Egypt 13.0 to 15.5 MBopd in 2017. • Canada 2.5 to 3.0 MBoepd in […]

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TransGlobe Energy Corporation announces Operational Update

Posted: February 1, 2017 at 8:25 pm   /   Oil & Gas

Highlights: • Company production for January 2017 averaged ~16,817 Boepd (~14,013 Bopd Egypt). • December 2016 average rate ~14,140 Boepd (13,074 Bopd Egypt). • Q4-2016 production averaged 12,882 Boepd (12,790 Bopd Egypt). • First oil production from North West Gharib (“NWG”) concession late December 2016. • NWG 3 on production ~1,000 Bopd flowing. • Drilled […]

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TransGlobe Energy announces Mid-Quarter Egypt Update for Q4 2016

Posted: December 22, 2016 at 3:03 pm   /   Oil & Gas

TransGlobe Energy Corporation announced the mid-quarter Egypt update for the fourth quarter of 2016. All dollar values are expressed in Canadian dollars unless otherwise stated. Mid-Quarter Operational Highlights, Arab Republic of Egypt: Production Recovery Plan (“PRP”) is on target to achieve 13,000 to 14,000 Bopd by year end 2016. Q4 production expected to meet or […]

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