Tga

http://biz.yahoo.com/bw/041026/265683_1.html

TransGlobe Energy Corporation Announces Successful Development Well in Republic of Yemen
Tuesday October 26, 10:26 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Oct. 26, 2004--TransGlobe Energy Corporation ("TransGlobe" or the "Company") (AMEX:TGA - News; TSX:TGL - News) is pleased to announce a successful development well at Tasour #14.
BLOCK 32, REPUBLIC OF YEMEN (13.81% working interest)

Successful appraisal well at Tasour #14:

Tasour #14, a development well on the western flank of the Tasour Field in Block 32, was put on production today with initial production of 2,820 barrels of oil per day (389 barrels of oil per day to TransGlobe) and 1,330 barrels of water per day. Tasour #14 is one of several development locations planned within the western field extension defined by 3-D seismic. It is anticipated that the drilling rig will return to Block 32 early in 2005 to commence drilling on the potential eastern extension of the Tasour field in addition to several development/appraisal wells planned in 2005. The total oil production from the Tasour Field is expected to average approximately 18,000 Bopd during the fourth quarter, of which TransGlobe's share is approximately 2,486 Bopd.

TransGlobe is a growth oriented international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe is projecting a 2005 average production rate of 5,500 Boed, an increase of 52% over the 2004 average rate. TransGlobe is well positioned for continued growth with interests in three production sharing agreements in the Republic of Yemen (two producing, one exploration), one exploration concession in the Arab Republic of Egypt and producing oil and gas properties in Alberta, Canada.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

s/s David Ferguson

David C. Ferguson,
Vice President, Finance and C.F.O
 
http://biz.yahoo.com/bw/041124/245146_1.html

TransGlobe Energy Corporation Announces Successful Closing of Cdn $11 Million Bought Deal Financing
Wednesday November 24, 8:50 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Nov. 24, 2004--TransGlobe Energy Corporation (AMEX:TGA - News; TSX:TGL - News; "TransGlobe" or the "Company") is pleased to announce that it has successfully closed its previously announced bought deal financing with a syndicate of underwriters, issuing 2,530,000 common shares at a price of Cdn$4.35 per share for gross proceeds of approximately Cdn$11,005,500. The underwriters also retain an over-allotment option, expiring on December 24, 2004, to acquire an additional 379,500 common shares at Cdn$4.35 per share, which, if exercised, would result in additional gross proceeds to the Company of approximately Cdn$1,650,825.
Proceeds of the offering will be used to expand TransGlobe's existing capital expenditure programs in the Republic of Yemen and the Arab Republic of Egypt.

TransGlobe is a growth oriented international energy company engaged in the exploration, development and production of crude oil and natural gas in the Republic of Yemen, the Arab Republic of Egypt and Alberta, Canada.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The common shares offered will not and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions
 
Bella anke oggi siamo a 4.64$ + 7%. OK!
 
http://biz.yahoo.com/bw/041129/295391_1.html

TransGlobe Energy Corporation Announces Horizontal Well Results in Republic of Yemen
Monday November 29, 9:00 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Nov. 29, 2004--TransGlobe Energy Corporation (AMEX:TGA - News; TSX:TGL - News; "TransGlobe" or the "Company") is pleased to announce another successful development well on Block S-1 in the Republic of Yemen.
ADVERTISEMENT


BLOCK S-1, REPUBLIC OF YEMEN (25% working interest)

Successful horizontal appraisal well at An Nagyah #12:

The An Nagyah #12 well was drilled to a total depth of 2,070 meters and suspended as an Upper Lam oil well. The An Nagyah #12 well was tested from an 836 meter horizontal Upper Lam sandstone section at a rate of 4,801 barrels of light (43 degree API) oil per day and 2.6 million cubic feet of natural gas per day on a 64/64 inch choke at 389 psi flowing pressure. This is the second horizontal well drilled in the An Nagyah field.

Ross Clarkson, TransGlobe's President and Chief Executive Officer said, "The An Nagyah #11 and #12 horizontal wells have exceeded our expectations and have demonstrated that horizontal drilling unlocks the potential of the Lam reservoir. The planned facility has expansion capability to handle the additional production resulting from the horizontal drilling program. The facility expansion will probably be required as there are several more development wells left to be drilled."

The An Nagyah #12 well is being equipped for early production via trucking. The drilling rig will be moving to An Nagyah #14 located approximately two kilometers south of An Nagyah #11. An Nagyah #13, an infill development location, is being deferred to a later date in favor of exploration drilling. An Nagyah #14 is an exploration well that will test for a possible field extension across the main south bounding fault of the An Nagyah field. An Nagyah #14 will be followed by another exploration well (Malaki #1) on a separate structure located nine kilometers southwest of the An Nagyah field. Additional development wells on An Nagyah and several exploration wells are planned for the 2005 drilling program.

In addition to the current drilling activities, a workover rig is on location to workover the An Nagyah #2 well and to complete the Harmel #2 appraisal well. The An Nagyah #2 well was the discovery well for the Lam oil reservoir and has been shut-in since testing was completed. Initial testing of An Nagyah #2 included tests in both the oil reservoir as well as the gas cap. The objective of the workover will be to seal off the gas cap perforations and complete the well as a producing oil well.

After An Nagyah #2 operations are complete, the workover rig will be moved to the Harmel #2 appraisal well to begin the completion operations. Harmel #2 was drilled in June 2004 to appraise the shallow oil reservoirs found in the discovery well, Harmel #1. The cores from Harmel #2 have been analyzed, and current plans encompass stimulating the supra-salt reservoirs and placing both Harmel wells on production. Production and test data obtained from the Harmel #1 and #2 wells will help to determine the commerciality of the medium gravity oil (22 degree API). The Harmel structure could require 80 to 90 shallow wells (700 to 800 meters in depth) to be fully developed.

An Nagyah Production update:

The An Nagyah #12 well has increased the total productive capacity of the An Nagyah field to approximately 12,000 Bopd (3,000 Bopd to TransGlobe). The current trucking capacity is approximately 5,000 Bopd (1,250 Bopd to TransGlobe); however it is expected that trucking can be increased to 6,000+ Bopd prior to year end with the installation of additional tanks and facilities. The oil production is being trucked 18 miles to the Jannah Hunt facility where it enters the Hunt pipeline system to the Red Sea.

Trucking operations will be phased out following the construction of a central production facility ("CPF") at An Nagyah and a 28 kilometer (18 mile) pipeline to the Jannah Hunt export pipeline. The pipeline and facilities are expected to be operational by mid 2005. The 10 inch pipeline is designed to allow an ultimate capacity of 80,000 Bopd so that future discoveries can be placed on stream quickly. The CPF is designed for an initial capacity of 10,000 to 12,000 Bopd (2,500 to 3,000 Bopd to TransGlobe), with expansion capabilities.

TransGlobe is a growth oriented international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe has achieved a production growth rate of 38% per year over the past three years and expects to produce an average of 3,600 Boepd during 2004. It is anticipated that production will average 5,500 Boepd in 2005 representing a 52% increase over 2004. TransGlobe is well positioned for continued growth with interests in three production sharing agreements in the Republic of Yemen (two producing, one exploration), one exploration concession in the Arab Republic of Egypt and producing oil and gas properties in Alberta, Canada.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions
 
+ 17% quasi un milione di pz. :D
 
2 milioni di pz oggi ha fatto boommmmmmmm :D era tutto scritto ke a fine anno avrebbe fatto follie. OK!
 
http://biz.yahoo.com/bw/041129/295391_1.html

TransGlobe Energy Corporation Announces Horizontal Well Results in Republic of Yemen
Monday November 29, 9:00 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Nov. 29, 2004--TransGlobe Energy Corporation (AMEX:TGA - News; TSX:TGL - News; "TransGlobe" or the "Company") is pleased to announce another successful development well on Block S-1 in the Republic of Yemen.
ADVERTISEMENT


BLOCK S-1, REPUBLIC OF YEMEN (25% working interest)

Successful horizontal appraisal well at An Nagyah #12:

The An Nagyah #12 well was drilled to a total depth of 2,070 meters and suspended as an Upper Lam oil well. The An Nagyah #12 well was tested from an 836 meter horizontal Upper Lam sandstone section at a rate of 4,801 barrels of light (43 degree API) oil per day and 2.6 million cubic feet of natural gas per day on a 64/64 inch choke at 389 psi flowing pressure. This is the second horizontal well drilled in the An Nagyah field.

Ross Clarkson, TransGlobe's President and Chief Executive Officer said, "The An Nagyah #11 and #12 horizontal wells have exceeded our expectations and have demonstrated that horizontal drilling unlocks the potential of the Lam reservoir. The planned facility has expansion capability to handle the additional production resulting from the horizontal drilling program. The facility expansion will probably be required as there are several more development wells left to be drilled."

The An Nagyah #12 well is being equipped for early production via trucking. The drilling rig will be moving to An Nagyah #14 located approximately two kilometers south of An Nagyah #11. An Nagyah #13, an infill development location, is being deferred to a later date in favor of exploration drilling. An Nagyah #14 is an exploration well that will test for a possible field extension across the main south bounding fault of the An Nagyah field. An Nagyah #14 will be followed by another exploration well (Malaki #1) on a separate structure located nine kilometers southwest of the An Nagyah field. Additional development wells on An Nagyah and several exploration wells are planned for the 2005 drilling program.

In addition to the current drilling activities, a workover rig is on location to workover the An Nagyah #2 well and to complete the Harmel #2 appraisal well. The An Nagyah #2 well was the discovery well for the Lam oil reservoir and has been shut-in since testing was completed. Initial testing of An Nagyah #2 included tests in both the oil reservoir as well as the gas cap. The objective of the workover will be to seal off the gas cap perforations and complete the well as a producing oil well.

After An Nagyah #2 operations are complete, the workover rig will be moved to the Harmel #2 appraisal well to begin the completion operations. Harmel #2 was drilled in June 2004 to appraise the shallow oil reservoirs found in the discovery well, Harmel #1. The cores from Harmel #2 have been analyzed, and current plans encompass stimulating the supra-salt reservoirs and placing both Harmel wells on production. Production and test data obtained from the Harmel #1 and #2 wells will help to determine the commerciality of the medium gravity oil (22 degree API). The Harmel structure could require 80 to 90 shallow wells (700 to 800 meters in depth) to be fully developed.

An Nagyah Production update:

The An Nagyah #12 well has increased the total productive capacity of the An Nagyah field to approximately 12,000 Bopd (3,000 Bopd to TransGlobe). The current trucking capacity is approximately 5,000 Bopd (1,250 Bopd to TransGlobe); however it is expected that trucking can be increased to 6,000+ Bopd prior to year end with the installation of additional tanks and facilities. The oil production is being trucked 18 miles to the Jannah Hunt facility where it enters the Hunt pipeline system to the Red Sea.

Trucking operations will be phased out following the construction of a central production facility ("CPF") at An Nagyah and a 28 kilometer (18 mile) pipeline to the Jannah Hunt export pipeline. The pipeline and facilities are expected to be operational by mid 2005. The 10 inch pipeline is designed to allow an ultimate capacity of 80,000 Bopd so that future discoveries can be placed on stream quickly. The CPF is designed for an initial capacity of 10,000 to 12,000 Bopd (2,500 to 3,000 Bopd to TransGlobe), with expansion capabilities.

TransGlobe is a growth oriented international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe has achieved a production growth rate of 38% per year over the past three years and expects to produce an average of 3,600 Boepd during 2004. It is anticipated that production will average 5,500 Boepd in 2005 representing a 52% increase over 2004. TransGlobe is well positioned for continued growth with interests in three production sharing agreements in the Republic of Yemen (two producing, one exploration), one exploration concession in the Arab Republic of Egypt and producing oil and gas properties in Alberta, Canada.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

TRANSGLOBE ENERGY CORPORATION

s/s Ross Clarkson

Ross G. Clarkson
President & C.E.O.



--------------------------------------------------------------------------------
Contact:
TransGlobe Energy Corporation
Ross G. Clarkson
President & C.E.O.
(403) 264-9888
Fax: (403) 264-9898
OR
TransGlobe Energy Corporation
Lloyd W. Herrick
Vice President & C.O.O.
(403) 264-9888
Fax: (403) 264-9898
Email: trglobe@trans-globe.com
Website: www.trans-globe.com
OR
TransGlobe Energy Corporation
Executive Offices:
#2900, 330 -5th Avenue, S.W.
Calgary, AB T2P 0L4
 
http://biz.yahoo.com/bw/041207/75196_1.html

TransGlobe Energy Corporation Announces Exercise of Underwriters' Over-Allotment Option
Tuesday December 7, 8:50 am ET


CALGARY, Alberta--(BUSINESS WIRE)--Dec. 7, 2004--TransGlobe Energy Corporation (AMEX:TGA - News; TSX:TGL - News; "TransGlobe" or the "Company") is pleased to announce that, in connection with the Company's bought deal financing which closed on November 24, 2004, the underwriters have exercised their over-allotment option to acquire an additional 379,500 common shares at Cdn$4.35 per share, resulting in additional gross proceeds to the Company of approximately Cdn$1,650,825.
Proceeds from the exercise of the over-allotment option will be used for TransGlobe's existing capital expenditure programs in the Republic of Yemen and the Arab Republic of Egypt.

TransGlobe is a growth oriented international energy company engaged in the exploration, development and production of crude oil and natural gas in the Republic of Yemen, the Arab Republic of Egypt and Alberta, Canada.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The common shares offered will not and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
 
http://biz.yahoo.com/bw/050112/125765_1.html

TransGlobe Energy Corporation Announces Exploration Well Results in Republic of Yemen
Wednesday January 12, 4:31 pm ET


CALGARY, Alberta--(BUSINESS WIRE)--Jan. 12, 2005--TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News; "TransGlobe" or the "Company") is pleased to announce a successful exploration well on Block S-1 in the Republic of Yemen and increased production rates for December 2005.

BLOCK S-1, REPUBLIC OF YEMEN (25% working interest)

New oil accumulation found at An Nagyah #14:

The An Nagyah #14 well was drilled to a total depth of 1,365 meters and suspended as a Lam 'B' oil well. The An Nagyah #14 well encountered a 19 meter oil column in the Lam 'B' (lower Lam) sandstone. The well was swab tested at a rate of approximately 80 barrels of light (40 degree API) oil per day. No water was produced during the test period. This discovery is located south of the An Nagyah field in a separate fault block.

Ross Clarkson, TransGlobe's President and Chief Executive Officer said, "The An Nagyah #14 oil test has identified a new exploration fairway south of the main An Nagyah field. Additional work will be required to incorporate the well results and remap the seismic in this area to identify future drilling locations. This successful test is further confirmation of the potential of the Lam reservoir in Block S-1."

The oil production from the An Nagyah field is currently being trucked 18 miles to the Jannah Hunt facility where it enters the Hunt pipeline system to the Red Sea. Trucking operations will be phased out following the construction of a CPF at An Nagyah and a 28 kilometer (18 mile) pipeline to the Jannah Hunt export pipeline. The pipeline and facilities construction are underway and they are expected to be operational by mid 2005. The 10 inch pipeline is designed to allow an ultimate capacity of 80,000 Bopd so that future discoveries can be placed on stream quickly. The CPF is designed for an initial capacity of 10,000 to 12,000 Bopd (2,500 to 3,000 Bopd to TransGlobe), with expansion capabilities.

The drilling rig is currently moving to another exploration well (Malaki #1) on a separate structure located nine kilometers southwest of the An Nagyah field. Additional development wells on An Nagyah and several exploration wells are planned for the 2005 drilling program.

In addition to the current drilling activities, a workover rig has been on location completing the Harmel #2 well. Harmel #2 was drilled in June 2004 to appraise the shallow oil reservoirs found in the discovery well, Harmel #1. It is anticipated that the Harmel #1 and #2 wells will be equipped with pumps and production testing equipment by the end of the first quarter. Both Harmel wells will then be production tested for several months. Production and test data obtained from the Harmel #1 and #2 wells will help to determine the commerciality of the medium gravity oil (22 degree API).

PRODUCTION UPDATE

TransGlobe's production during December 2004 averaged approximately 5,325 Boepd, surpassing the target 2004 exit rate of 5,000 Boepd and setting a new record production level for the Company. The An Nagyah field December production was approximately 7,407 Bopd (1,852 Bopd to TransGlobe). The Block 32 production during December averaged 18,630 Bopd (2,573 Bopd to TransGlobe). TransGlobe's Canadian production averaged 900 Boepd during December. Canadian production was curtailed by higher gathering pipeline pressures in the Nevis and Twining areas and well performance. The Company plans to install field booster compression during 2005 to offset the increased pipeline pressures.

TransGlobe is a growth oriented international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe has achieved a production growth rate of 84% per year over the past four years. TransGlobe is well positioned for continued growth with interests in three production sharing agreements in the Republic of Yemen (two producing, one exploration), one exploration concession in the Arab Republic of Egypt and producing oil and gas properties in Alberta, Canada.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

TRANSGLOBE ENERGY CORPORATION

s/s/ Lloyd Herrick

Lloyd W. Herrick,
Vice President & C.O.O.


TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News)

Contact:
TransGlobe Energy Corporation
Ross G. Clarkson
President & C.E.O.
(403) 264-9888
Fax: (403) 264-9898
OR
TransGlobe Energy Corporation
Lloyd W. Herrick
Vice President & C.O.O.
(403) 264-9888
Fax: (403) 264-9898
Email: trglobe@trans-globe.com
Website: www.trans-globe.com
OR
Executive Offices:
#2900, 330 -5th Avenue, S.W.
Calgary, AB T2P 0L4

Source: TransGlobe Energy Corporation
 
Comprate 2000 a 5,20.
Azienda canadese del settore oil & gas con buoni fondamentali.
Dopo un massimo a 10 $ all'inizio del 2005 ha avuto una fase di consolidamento con quattro minimi in area 4,20.
Ora sembra ripartire.
Speriamo bene.
Lo stop lo metto sotto i minimi (area 4,20 $).
 
L'ho presa di mira mi pare davvero a sconto. Nel quarto trimestre entrera' in produzione un nuovo giacimento che incrementera' notevolmente le vendite.
In piu' mi piace che ha solo un 14% di esposizione sul gas e il resto in oil.
 
Entrato a 5,08, ho alleggerito un pochino (30% circa) la mia esposizione sui titoli auriferi in vista di un pullback in area 625$ del gold e acquistato xpo e tga appunto
 
Attenzione i volumi sono buoni e la performance anche . Mi sa che oggi puo' rompere i 5,3
 
Qualche "mano forte" si deve essere accorta di questo "gioiellino" a sconto.
Ho raddoppiato oggi la mia quota in apertura:
comprate altre 2000 a 5,41.
Alzo pero' lo stop a 4,90 a scopo precauzionale appena sotto la mm200.
A questo punto penso che se deve salire non bisogna piu' bucare la mm200 al ribasso.
 
E' uscita anche questa news che fa ben sperare:

TransGlobe Energy Corporation Announces the Award of a New Exploration Block in the Republic of Yemen
Monday December 11, 9:25 am ET

CALGARY, ALBERTA--(MARKET WIRE)--Dec 11, 2006 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL.TO - News) (AMEX:TGA - News) is pleased to announce the award of a new exploration block in the Republic of Yemen.
Block 84, Yemen (33.0% working interest).
The Ministry of Oil and Minerals has selected the joint venture group comprised of DNO ASA (operator at 34%), TG Holdings Yemen Inc. (33%) and Ansan Wikfs (Hadramaut) Limited (33%) as the successful bidder for Block 84 in the Third International Bid Round for Exploration and Production of Hydrocarbons. TG Holdings Yemen Inc is a wholly owned subsidiary of TransGlobe Energy Corporation. The award is subject to government approval and ratification of a Production Sharing Agreement.
Block 84 encompasses 731 square kilometers (approximately 183,000 acres) and is located in the Masila Basin adjacent to the Canadian Nexen Masila Block where more than one billion barrels of oil have been discovered. The Block 84 Joint Venture Group plans to carry out a 3-D seismic acquisition program and the drilling of four exploration wells during the first exploration period of 42 months.
With the addition of Block 84, TransGlobe will have interests in four Blocks in the Republic of Yemen. TransGlobe is a growth oriented international energy company engaged in the exploration, development and production of crude oil and natural gas in the Republic of Yemen, the Arab Republic of Egypt and Alberta, Canada.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, well production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
 
Ottime news questo gioiellino non potra' che stupire il mercato alle prossime trimestrali e non mi stupirei che qualche big facesse un 'opa intorno a 10$
 
Indietro