TransGlobe Moving Forward

Thursday, March 10, 2016

TransGlobe Energy started off 2016 with its production down slightly from its totals in 2015; with January production of 12,474 bpd; February production of 12,245 bpd; and an estimated Q1 production of 12,000 bpd.

The majority of the company’s production is out of Egypt.

TransGlobe saw its first lifted cargo of Eastern crude consisting of 544,042 barrels on the 7^th of February. Its next cargo lifting is scheduled for April.

Moving forward TransGlobe will see a drilling program that envisages up to 25 wells over 2016. The drilling program is scheduled to start this month.

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