TransGlobe starts drilling new well at South Ghazalat concession
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 […]
TransGlobe’s NW Sitra exploration well in Western Desert disappoints
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 […]
TransGlobe comes up dry at NW Sitra wildcat in Egypt’s Western Desert
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 […]
TransGlobe to drill 8 development, 5 exploration wells in Egypt this year
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 […]
TransGlobe completes drilling second South K-field development well in Egypt
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 […]
TransGlobe releases Q1-2018 Egypt operations update
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 […]
TransGlobe Energy announces Q4 2017 Egypt operations update
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 […]
TransGlobe Energy records 3Q2017 loss, increases production
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 […]
TransGlobe announce update on Boraq-5, disappointed with test results
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 […]
TransGlobe gives Q3 2017 Operations Update, says production drops in Egypt over well servicing delays
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: Produced on average ~14.9 MBoepd (~12.2 MBopd Egypt, ~2.6 MBoepd Canada), down from Q2 due to well servicing in Egypt and voluntary shut-in of dry gas in Canada during September. […]