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Tag: North West Sitra
NW Sitra

TransGlobe comes up dry at NW Sitra wildcat in Egypt’s Western Desert

Posted: July 21, 2018 at 1:32 pm   /   Oil & Gas

Canadian junior fails to find hydrocarbons at latest well, but third rig mobilised for further drilling. TransGlobe Energy has come up dry at a wildcat on its North West Sitra concession in Egypt’s Western Desert. TransGlobe Energy Corporation Announces Operations Update Corporate production averaged approximately 14.9 MBoepd during June Received net proceeds of $27.2 million […]

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TransGlobe announce update on Boraq-5, disappointed with test results

Posted: November 5, 2017 at 1:03 pm   /   Oil & Gas

TransGlobe Energy Corporation announces an update on the Boraq 5 test results. Arab Republic of Egypt South Alamein Concession (100% working interest, operated) In the Western Desert, the Company has completed testing two zones in the Boraq 5 appraisal well. The Boraq 5 well failed to produce any hydrocarbons from the two zones. The lower […]

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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 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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