Newsletter subscribe
Tag: Transglobe
TransGlobe Western Desert

TransGlobe’s South Ghazalat 6X exploration well flows oil

Posted: November 21, 2018 at 1:19 pm   /   Oil & Gas

Third time lucky for Canadian player as it flows oil and gas from new discovery. Highlights Tested a combined 3,840 Bopd of light (35-38 API) oil from individual tests in the Upper and Lower Bahariya formations in the South Ghazalat 6X exploration well Flowed 2,437 Bopd of light oil, 21 Bpd of water and 1.4 […]

No Comments read more
TransGlobe

TransGlobe Energy sets 2019 Capital Budget for Egypt at $24.1 million

Posted: November 11, 2018 at 2:27 pm   /   Oil & Gas

TransGlobe Energy Corporation announces the 2019 plan and capital budget. HIGHLIGHTS 2019 capital budget of $34.1 million (before capitalized G&A) Egypt $24.1 million Canada $10.0 million (C$13.0 million) 2019 production of 14.0 to 15.0 MBoepd with a mid-point of 14.5 MBoepd Egypt 11.6 to 12.4 MBopd in 2018 Canada 2.4 to 2.6 MBoepd in 2018 […]

No Comments read more
TransGlobe Western Desert

TransGlobe starts drilling new well at South Ghazalat concession

Posted: October 25, 2018 at 11:26 am   /   Oil & Gas

TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding […]

No Comments read more
NW Sitra

TransGlobe’s NW Sitra exploration well in Western Desert disappoints

Posted: September 26, 2018 at 1:50 pm   /   Oil & Gas

TransGlobe Energy has announced an update on its operations in Egypt. Updates Corporate production during the quarter averaged 14.8 MBoepd in July, 13.5 MBoepd in August and 14.4 MBoepd to date in September. Received proceeds of $59 million during the third quarter for cargos lifted in June and July. Drilled and preparing to abandon NW […]

No Comments read more
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 […]

No Comments read more
Transglobe

TransGlobe to drill 8 development, 5 exploration wells in Egypt this year

Posted: June 2, 2018 at 7:38 pm   /   Oil & Gas

TransGlobe Energy Corporation Announces Intention to List on AIM TransGlobe Energy Corporation, an independent international upstream oil and gas company with exploration and production operations in the Arab Republic of Egypt and Canada, confirms its intention to seek a listing on AIM to enhance liquidity for the Company’s shareholders and provide more direct access to […]

No Comments read more
TransGlobe

TransGlobe completes drilling second South K-field development well in Egypt

Posted: April 30, 2018 at 5:58 pm   /   Oil & Gas

TransGlobe Energy Corporation completed drilling the second South K-field development well at K-45 which was targeting the main Asl A sand in a crestal position in South K-field. The well was drilled to a total depth of 5,831 feet and encountered main Asl A sand approximately 66 feet structurally higher than the K-46 well and […]

No Comments read more

TransGlobe releases Q1-2018 Egypt operations update

Posted: April 18, 2018 at 1:17 pm   /   Oil & Gas

  TransGlobe Energy Corporation provides an operations update, announces its intention to list its common stock on the London Stock Exchange’s AIM market and pending changes to the Board of Directors. Q1 Highlights Company production for Q1-2018 was on plan averaging ~14,366 Boepd (~11,776 Bopd Egypt, ~2,590 Boepd Canada). Drilled a successful oil well at […]

No Comments read more

TransGlobe Energy announces Q4 2017 Egypt operations update

Posted: December 21, 2017 at 2:10 pm   /   Oil & Gas

TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights: Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016. Lifted and sold ~510 thousand barrels of entitlement crude oil in Egypt in late November for […]

No Comments read more

TransGlobe Energy records 3Q2017 loss, increases production

Posted: November 12, 2017 at 9:37 pm   /   Oil & Gas

TransGlobe Energy Corporation announced 3Q2017 production increased by 27% y-o-y to 14.9k boepd on increased volumes in Egypt and an acquisition in Canada, according to the company’s earnings release. TransGlobe recorded a net loss of USD 6.9 mn during the quarter and attributes it to a USD 10.3 mn impairment loss and a USD 3.2 […]

No Comments read more