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Tag: Transglobe

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 […]

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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 gives Q3 2017 Operations Update, says production drops in Egypt over well servicing delays

Posted: October 17, 2017 at 1:14 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: 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. […]

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Egypt and cashflow are the key to TransGlobe Energy’s recovery

Posted: September 23, 2017 at 11:03 pm   /   Oil & Gas

Company believes Egypt still offers a fantastic opportunity for oil exploration. Egypt has been a tough place to operate for oil and gas companies in recent years, especially the western ones. Markets are also wary given the political upheaval, but Toronto and NASDAQ-listed oil producer TransGlobe Energy Corporation reckons the share price treatment it has […]

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Video: TransGlobe well positioned for strong growth in Egypt, CEO says

Posted: September 19, 2017 at 3:39 pm   /   Oil & Gas

Ross Clarkson, president and CEO of TransGlobe Energy Corporation chats with Proactive’s Andrew Scott about the group’s assets in Canada and Egypt. ”We’ve been in business 22 years, I created the company and we have been active explorers and developers for that period of time”, Clarkson says. TransGlobe will be developing new oil fields in […]

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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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East Ghazalat

Nostra Terra acquires further 25% stake in East Ghazalat from Echo Energy

Posted: June 15, 2017 at 6:03 pm   /   Oil & Gas

AIM-listed Nostra Terra Oil & Gas has reached agreement with Echo Energy to acquire Echo’s 50 percent stake in Independent Resources Egypt (‘IRE’). IRE owns a 50% non-operating interest in the East Ghazalat concession, Egypt through its subsidiary Sahara Resources GOS Inc (‘SRGOS’). The remaining 50% of the Concession is owned by North Petroleum International […]

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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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