Inactive Instrument

Transglobe Energy Co.

Equities

TGA

CA8936621066

Transglobe Energy Corporation Announces Operating Update for the Fourth Quarter 2019 to Date; Provides Earnings Guidance for the Full Year of Fiscal 2019

December 19, 2019 at 02:00 am

TransGlobe Energy Corporation announced operating update for the fourth quarter 2019 to date. The company announced production averaged approximately 15.3 MBoepd in fourth quarter 2019 to date (October approximately 15.2 MBoepd, November approximately 15.4 MBoepd and December to date approximately 15.0 MBoepd) versus 15.9 MBoepd in third quarter of 2019. During the quarter, production decreased marginally due to natural declines in Egypt, partially offset by the commencement of production from the four 2019 Cardium drilling program wells in Canada.

The company provided earnings guidance for the full year of fiscal 2019. The company announced production remains consistent with the upper end of production guidance for fiscal 2019 of 15.5 to 16.0 MBoepd.

Latest news about Transglobe Energy Co.

TransGlobe Energy Corporation Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-07	CI
Sector Update: Energy Stocks Ending Near Friday Intra-Day Lows	22-10-14	MT
Sector Update: Energy Stocks, Crude Oil Retreat Amid Persistent Recession Worries	22-10-14	MT
FTSE 100 Closes Higher After UK Prime Minister Fires Treasury Chief	22-10-14	DJ
Sector Update: Energy Stocks Decline Premarket Friday	22-10-14	MT
Gilt-Yield Falls May Be Driven by BOE, Prospect of UK Government U-Turn	22-10-14	DJ
TransGlobe Energy Closes Merger with VAALCO Energy	22-10-14	MT
Sterling Might Not Enjoy Big Boost From a Government U-Turn	22-10-14	DJ
TransGlobe Energy Brief: Announced Closing of Its Merger with VAALCO Energy, Inc.	22-10-14	MT
FTSE 100 Rises as U.K. Government U-Turn Expected	22-10-14	DJ
Market Situation in U.K. is Fluid, Says Pimco	22-10-14	DJ
Vaalco Energy Closes Merger with TransGlobe Energy	22-10-14	MT
TransGlobe Energy Completes Merger With Vaalco Energy	22-10-14	MT
TransGlobe Energy Corporation(NasdaqGM:TGA) dropped from NASDAQ Composite Index	22-10-14	CI
VAALCO Energy Canada ULC completed the acquisition of TransGlobe Energy Corporation from Horizon Partners, Ltd. and others.	22-10-12	CI
Sector Update: Energy Stocks Extend Wednesday Gains After Crude Oil Trims Losses Late	22-10-12	MT
Sector Update: Energy Stocks Back on Positive Ground This Afternoon	22-10-12	MT
Sector Update: Energy Stocks Slip Premarket Wednesday	22-10-12	MT
TransGlobe Energy Gets Court Approval for Business Combination with VAALCO Energy; Edges Up in UK Trading	22-10-12	MT
TransGlobe Energy Brief: Announced Earlier Wednesday Court Approval for the Plan of Arrangement With VAALCO Energy, Inc	22-10-12	MT
Transglobe Energy Receives Court Approval for Plan of Arrangement in Connection with VAALCO Energy Merger	22-10-12	MT
Vaalco Energy Obtains Canadian Court Approval for TransGlobe Merger	22-10-12	MT
TransGlobe Energy Shareholders Green-light Strategic Merger With Vaalco Energy	22-10-09	MT
Sector Update: Energy Stocks Caught Up in Late Market Selloff on Friday	22-10-07	MT
Sector Update: Energy	22-10-07	MT

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Company Profile

TransGlobe Energy Corporation is an oil and gas exploration and development company. The Company's activity is concentrated in the Arab Republic of Egypt and Canada. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 22,775 acres; West Bakr, covering over 11,143 acres, and North West (NW) Gharib, covering approximately 11,199 acres. Its blocks in the Western Desert Egypt include South Ghazalat, covering approximately 7,358 acres. It also owns approximately 100 % working interest in Harmattan property, which is located approximately 80 kilometers north of Calgary, Alberta. The property covers approximately 42,183 gross acres of developed land and over 38,732 gross acres of undeveloped land.

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