Tga

  • Due nuove obbligazioni Societe Generale, in Euro e in Dollaro USA

    Societe Generale porta sul segmento Bond-X (EuroTLX) di Borsa Italiana due obbligazioni, una in EUR e una in USD, a tasso fisso decrescente con durata massima di 15 anni e possibilità di rimborso anticipato annuale a discrezione dell’Emittente.

    Per continuare a leggere visita questo LINK
TransGlobe Energy Corporation Announces Operations Update on Block 32, Republic of Yemen
Thursday December 28, 10:51 am ET

CALGARY, ALBERTA--(MARKET WIRE)--Dec 28, 2006 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL.TO - News) (AMEX:TGA - News) is pleased to announce the drilling results at Tasour #23ST and updated operations on Block 32 in the Republic of Yemen.
Pubblicità

Block 32, Yemen (13.81% working interest)

The Tasour #23ST exploration well was drilled to a total depth of 3,139 meters and suspended as a potential upper Naifa oil well. Approximately 200 barrels of 27 API oil and 457 barrels of drilling fluids were recovered from a 10.5 meter perforated interval in the upper Naifa carbonate. The production test was terminated early (17 hours) when the large electrical submersible pump ("ESP") over-heated.

Well stimulation and horizontal drilling have led to the successful exploitation of the upper Naifa carbonates on other blocks in Yemen. Therefore the initial result on Tasour 23ST is very encouraging. To evaluate the new discovery, the Operator is preparing to stimulate the zone with acid, install a smaller ESP and place the well on a long term production test. It is expected that the production test will commence early in 2007, with oil trucked to the Tasour facility for treatment and export.

The Tasour #23ST exploration well targeted prospects in the Naifa carbonates and fractured Basement. The Tasour #23 well commenced drilling on September 5, 2006 and encountered significant drilling problems at 2,586 meters. The well was subsequently plugged back to 852 meters and side tracked on October 29. The side track well reached a total depth of 3,139 meters (approximately 300 meters into the Basement) on December 7. Testing was carried out on the Basement and on two separate Naifa carbonate zones. No hydrocarbons were recovered from tests on the Basement and the lower Naifa carbonate. The drilling rig is currently moving to a non-owned, adjacent Block.

A second drilling rig completed a two well service program in the Tasour field (a new water injector at Tasour #24 and a re-completion at Tasour #10) and is scheduled to move to Block 72 (TransGlobe 33% WI) to drill Nasim #1. The Nasim #1 exploration well is located to test prospects in the Qishn sandstones and in the Naifa carbonates and expected to commence drilling in mid January.

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.

TRANSGLOBE ENERGY CORPORATION

Lloyd W. Herrick, Vice President & COO
 
TransGlobe Energy Corporation Enters Into a Fifth Block in the Republic of Yemen
Thursday February 1, 9:52 am ET

CALGARY, ALBERTA--(MARKET WIRE)--Feb 1, 2007 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (Toronto Future:TGL.TO - News) (AMEX:TGA - News) is pleased to announce a joint venture with Occidental of Yemen (Block 75), LLC ("Occidental") on Block 75 in the Republic of Yemen.
ADVERTISEMENT

Block 75, Republic of Yemen (25% working interest)

TG Holdings Yemen Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, has agreed to participate at a 25% working interest with Occidental in Block 75. Occidental is the operator of Block 75 with a 75% working interest. Block 75 was awarded to Occidental of Yemen (Block 75), LLC in the Second International Bid Round for Exploration and Production of Hydrocarbons. The Production Sharing Agreement was initialled on January 28, 2007 and is now in the process of final government approval and ratification by parliament.

Block 75 encompasses 1,050 square kilometers (approximately 262,500 acres) and is located in the Marib Basin adjacent to Block S-1 where Occidental and TransGlobe are engaged in exploration and production operations. The Block 75 joint venture group plans to carry out a 3-D seismic acquisition program and the drilling of one exploration well during the First Exploration Period of 36 months.

With the addition of Block 75, TransGlobe is now participating in five areas in the Republic of Yemen (two Development Blocks and three Exploration Blocks). TransGlobe holds interests in over 1.32 million gross acres in the Republic of Yemen (366,000 net acres) and 5.4 million acres in The Arab Republic of Egypt (2.7 million net acres). 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.
 
Year End Reserves/Production and 2007 Forecast
Friday February 2, 10:59 am ET

CALGARY, ALBERTA--(MARKET WIRE)--Feb 2, 2007 -- TransGlobe Energy Corporation (Toronto Future:TGL.TO - News) (AMEX:TGA - News) ("TransGlobe" or the "Company") is pleased to announce reserves and production for 2006 in the Republic of Yemen and in Canada as well as the 2007 forecast.
ADVERTISEMENT

Reserves:

Total Proved reserves for the Company increased 19% from 7,828 MBoe ("MBoe" thousand barrels of oil equivalent at 6 : 1) at December 31, 2005 to 9,341 MBoe at December 31, 2006 replacing 182% of the 1,859 MBoe produced during 2006. The major increases in proved reserves were primarily attributable to the An Nagyah field (Block S-1) and new discoveries at Osaylan (Block S-1), Godah (Block 32) in Yemen, and drilling in Canada. The An Nagyah increases were primarily associated with the performance of the Lam oil pool and recovery of condensate from An Nagyah solution gas. The proved reserves assigned at the Osaylan and Godah discoveries were limited to the existing well bores. It is expected that both discoveries will be delineated during 2007 and 2008 which should result in recognition of additional reserves. In Canada, new reserve additions associated with the 2006 drilling program at Nevis and Morningside were offset by production and by downward revisions from some properties. The majority of the 2006 Canadian drilling program (14 of 25 wells) was focused on the conversion of Proved undeveloped to Proved developed.

Total Proved plus Probable reserves for the Company increased by 11% from 10,482 MBoe at December 31, 2005 to 11,652 MBoe at December 31, 2006 replacing 163% of 2006 production. Increases in Proved plus Probable reserves in Yemen were primarily associated with the An Nagyah pool and new discoveries at Osaylan and Godah. Canadian Proved plus Probable reserves remained unchanged, as increases were offset by production and by downward revisions to some properties.



---------------------------------------------------------------------------
Proved Dec. 31, 2006 Dec. 31, 2005 Increase
MBoe (1) MBoe (1) (%)
---------------------------------------------------------------------------
Yemen 7,050 5,342 32%
---------------------------------------------------------------------------
Canada 2,291 2,486 (8)%
---------------------------------------------------------------------------
Total Proved 9,341 7,828 19%
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Proved plus Probable
---------------------------------------------------------------------------
Yemen 7,999 6,814 17%
---------------------------------------------------------------------------
Canada 3,653 3,668 0%
---------------------------------------------------------------------------
Total Proved plus Probable 11,652 10,482 11%
---------------------------------------------------------------------------

http://biz.yahoo.com/iw/070202/0210815.html
 
Liquidato a 5,15 sullo spike di qualche mese fa ora me lo rottrovo a 3,9.
Ne ho approfittato per fare un acquisto venerdi a questo prezzo perche' mi sembra davvero a sconto come oil company non soltanto per i numeri ma anche per le prospettive avendo questa societa' interessi in yemen, canada e egitto. Il denaro è venuto fuori dalla vendita di hero a 26,8 (quest'ultima anche se molto sottovaluatata è legata al deal su the a 40$ e dunque a mio avviso fin quando non si chiude questo deal non ha molti margini di apprezzamento).
Se il greggio tiene bene la soglia dei 64$ credo che tga nel breve possa apprezzarsi almeno fino a 5$. Cosi' i miei petro in portafoglio attualmente sono gw e tga.
 
TransGlobe Energy Corporation Announces Normal Course Issuer Bid
Thursday May 10, 5:34 pm ET

CALGARY, ALBERTA--(MARKET WIRE)--May 10, 2007 -- TransGlobe Energy Corporation (Toronto:TGL.TO - News) (AMEX:TGA - News) ("TransGlobe" or the "Company") announced today that the Toronto Stock Exchange ("TSX") has accepted its Notice to Make a Normal Course Issuer Bid (the "Bid") to purchase, from time to time, as it considers advisable, up to 5,479,501 of its 59,662,439 currently issued and outstanding common shares (being no greater than 10% of the public float which public float is 54,795,010 common shares) on the open market through the facilities of the TSX. The price that TransGlobe will pay for any common shares under the Bid will be the prevailing market price on the TSX at the time of such purchase. Common shares acquired under the Bid will be cancelled.
ADVERTISEMENT

The Bid will commence on May 14, 2007 and will terminate on May 13, 2008 or such earlier time as the Bid is completed or terminated at the option of TransGlobe.

TransGlobe believes that from time to time the market price of common shares of TransGlobe may not reflect their underlying value and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders.
 
TransGlobe Energy Corporation Announces Godah #5 and Osaylan #3 Results
Thursday May 31, 4:30 pm ET

CALGARY, ALBERTA--(MARKET WIRE)--May 31, 2007 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (Toronto:TGL.TO - News) (AMEX:TGA - News) announces two successful oil wells at Godah #5 and Osaylan #3 in the Republic of Yemen.
ADVERTISEMENT

Block 32, Republic of Yemen (13.81% working interest)

The Godah #5 appraisal well was drilled to a total measured depth of 1,886 meters and completed as a producing Qishn S1-A oil well. Godah #5 was drilled at a location approximately 2.0 kilometers east of the nearest well.

Godah #5 is currently producing 350 barrels of oil per day and 39 barrels per day of water from a 5 meter interval in the Qishn S1-A sand. The Godah #5 well successfully extended the pool boundary two kilometers to the east and doubled the areal extent of the Godah field.

The drilling rig has moved to a development location at Godah #6, approximately 1,000 meters east of Godah #2. Drilling commenced on Godah #6 on May 25, 2007 and is expected to take three to four weeks to complete, at which time the drilling rig is scheduled to go to a non-owned adjacent block. A second drilling rig is scheduled to arrive on Block 32 for a two-well program starting with development well Godah #7 in early June. Godah #7 is located approximately 770 meters east of Godah #6.

Both Godah #6 and Godah #7 can be tied into the existing facilities and placed on production shortly after completion.

Block S-1, Republic of Yemen (25% working interest)

Osaylan #3 reached a total measured depth of 1,201 meters and was completed as an oil well. The Osaylan #3 was directionally drilled to evaluate the Alif sandstone formation producing at Osaylan #2 and to evaluate the lower Lam sandstones in a structurally higher position than at Osaylan #2.

A new oil zone was discovered in the lower Lam sandstones which swabbed/flowed 153 barrels of 43 API oil and 116 barrels of water from a 32 meter perforated interval during a 24 hour period. The test confirmed a new oil pool in the lower Lam formation, with an estimated 20 meter oil column in Osaylan #3. The Osaylan lower Lam is similar to the lower Lam at the An Nagyah field which is developed using Horizontal wells to enhance well productivity and increase oil recovery. It is expected that the Osaylan lower Lam oil pool will be developed with horizontal wells.

The primary target Alif sandstone was then perforated over a 13 meter interval and swab/flow tested in combination with the lower Lam formation. The combined intervals swab/flowed 337 barrels of 43 API oil and 84 barrels of water in a 27 hour period.

The lower Lam was then isolated to reduce water production leaving the well as an Alif oil well. The Alif swabbed tested water free oil and gas. The Alif zone is unable to flow on a continuous basis due to formation damage which occurred during the completion. The well has been suspended as a potential Lam and Alif oil well pending a review of stimulation alternatives for the damaged formation. It is expected that future stimulation work would be conducted using a completion/service rig, later this year.

The drilling rig is currently moving to An Nagyah #26 to drill an upper Lam A horizontal development well.
 
Da un momento all'altro potrebbero esplodere al rialzo, accumularle a 3,85 è stato davvero un regalo.
 
Dovrebbe presto sfondare i 5$ dove mi aspetto qualche take profit
 
Sfondati , nei prossimi giorni consolidamento mgari dopo un tentativo di fuga verso i 5,5$
 
E' un gran titolo dopo averlo mollato a 5,2 me lo sono ripreso sotto i 4$, forte resistenza a 4,5 ma nel lungo è una garanzia.
 
Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Welcome, simulpaolo68
[Sign Out, My Account]Finance Home -Help


TransGlobe Energy Corporation Acquires Producing Fields in Egypt for US$59 Million; Assumes Operation of Eight Development Leases With 24 Producing Wells
Wednesday September 5, 5:01 pm ET


CALGARY, ALBERTA--(MARKET WIRE)--Sep 5, 2007 -- TransGlobe Energy Corporation ("TransGlobe" or the "Company") (Toronto:TGL.TO - News) (AMEX:TGA - News) announced today the signing of a binding purchase and sale agreement to acquire two privately held companies, holding interests in eight development leases and associated infrastructure in the West Gharib Concession area in the Arab Republic of Egypt.
ADVERTISEMENT






The transaction highlights include:

- US$59 million all-cash deal, effective July 1, 2007, with operatorship of seven fields with 24 producing wells; funded through an expanded credit facility

- Immediately accretive to cash flow from operations and net income

- Working interest production and reserves:

-- 1,500 Bopd; 3.24 million barrels ("MMBbls") proved reserves; 6.30 MMBbls proved plus probable reserves

- TransGlobe will pay approximately US$39,333 per producing barrel of oil for the assets, or $9.37 per proved and probable barrel of oil

- Increases TransGlobe's daily production 27% effective with the fourth quarter 2007. The Company estimates pro-forma fourth quarter 2007 production will exceed 7,000 barrels of oil equivalent (Boepd) (1)

- Pro forma proved reserves increase 35%, proved plus probable reserves will increase 54%

- 44,000 gross acres in eight development leases

- Adds more than 30 drill-ready development locations that TransGlobe plans to drill during the next 24 months

- Exploitation and development projects yielding additional upside

- Operations can be integrated with TransGlobe's existing Cairo regional office

- A map showing the purchased acreage can be found on TransGlobe's web site http://www.trans-globe.com/s/westgharib.asp.



(1) The calculations of barrels of oil equivalent ("Boe") are based on a
conversion rate of six thousand cubic feet of natural gas to one barrel
of crude oil. Boe may be misleading, particularly if used in isolation.
A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency
conversion method primarily applicable at the burner tip and does not
represent a value equivalency at the wellhead.
West Gharib, Egypt (45% to 70% operated working interest)

TransGlobe Petroleum International Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, has entered into a binding purchase and sale agreement to acquire all the shares of Dublin International Petroleum (Egypt) Limited and Drucker Petroleum Inc. from Tanganyika Oil (Bermuda) I Ltd. for US$59 million, plus working capital adjustments, effective July 1, 2007. Dublin and Drucker together hold a 70% working interest in one development lease and a 45% working interest in seven additional development leases comprising the West Gharib Production Sharing Concession ("PSC"). Dublin International Petroleum (Egypt) operates the West Gharib Concession Agreement, and TransGlobe will assume operatorship at the closing of the transaction.

The West Gharib PSC is located onshore in the western Gulf of Suez rift basin of Egypt. Major oil and gas discoveries have been made in this prolific basin. To date eight billion barrels of oil and five trillion cubic feet of gas have been discovered. The eight approved West Gharib development leases encompass 178 square kilometers (approximately 44,059 acres) and are valid for 20 years. Modern 3-D seismic covers the majority of the development leases. One additional development lease is currently awaiting approval by the Egyptian General Petroleum Corporation ("EGPC").

Current gross oil production from the eight development leases is approximately 3,000 Bopd. Dublin and Drucker's combined working interest share of production is approximately 1,500 Bopd (approximately 750 net Bopd after the production sharing split with the Government of Egypt). There are seven oil fields on the lands which are producing from 24 wells. The oil produced ranges from 16 degrees API to 26 degrees API and is currently trucked 15 kilometers to the Ras Gharib terminal. Independent reserve auditors have assessed Dublin and Drucker's share of the eight leases to contain 3.24 MMBbls of working interest proved reserves and 6.30 MMBbls of working interest proved plus probable reserves. This acquisition will increase TransGlobe's reserves by approximately 35% for Proved and by 54% for Proved plus Probable.

TransGlobe intends to fund the acquisition with an expanded credit facility. A working capital adjustment comprised of cash, inventory and receivables (less payables) of approximately US$11.0 million will bring the total cost of the acquisition to US$70.0 million. It is expected that closing will occur in the fourth week of September, 2007 with an effective date of July 1, 2007 and is subject to standard and customary closing conditions. TransGlobe makes no assurances that it will successfully close the transaction.

Management's Comments

Ross Clarkson, President & CEO said: "The acquisition of the West Gharib producing properties fits with the Company's strategy of expanding its interests in the Middle East as operator. The acquisition metrics are attractive at US$39,333 per producing barrel and US$18.21 per proved or US$9.37 per proved plus probable barrel. In addition, the West Gharib Development leases include over 30 identified development drilling locations as well as additional exploitation and exploration potential. TransGlobe intends to proceed aggressively with developing the full potential of the discovered fields."

About TransGlobe Energy

TransGlobe Energy 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. TransGlobe holds interests in over 1.34 million gross acres in Yemen (368,000 net acres) and 5.5 million acres in Egypt (2.7 million net acres). Financially strong, TransGlobe has reported seven consecutive years of net income.

Cautionary Statement to Shareholders

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.

TRANSGLOBE ENERGY CORPORATION

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



Contact:
Contacts:
TransGlobe Energy Corporation
Ross G. Clarkson
President & C.E.O.
(403) 264-9888
(403) 264-9898 (FAX)

TransGlobe Energy Corporation
Lloyd W. Herrick
Vice President & C.O.O.
(403) 264-9888
(403) 264-9898 (FAX)
Email: trglobe@trans-globe.com
Website: http://www.trans-globe.com

Executive Offices:
#2500, 605 - 5th Avenue, S.W.
Calgary, AB T2P 3H5
 
La notizia ha estrema valenza, il titolo gia sottovalutato ora lo sara' ancor piu' nell'immediato futuro visto che l'effetto di questa acquisizione tutta cash sara' quello di incrementare immediatamente sia i ricavi sia gli utili di tga.
Tenete presente che tga è quasi eslusivamente una oil company con ridottissimi interessi nel gas naturale per cui beneficia a pieno della rivalutazione del greggio.
 
In solido uptrend si dirige lentamente verso i 5 dove resta cmq estremamente cheap.
Credetemi tga è uno dei titoli piu affidabili che io conosca.
 
Indietro