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TransGlobe Energy Corporation provides operations update


Published Oct 2, 2013
Transglobe Energy provides well results on block S-1, Yemen-2

TransGlobe Energy Corporation provide an operations update for the third quarter of 2013.

HIGHLIGHTS

◾ Drilled 10 wells in Q3, resulting in 9 oil wells and 1 gas/condensate well (100% success) ◾ 2013 YTD drilled 35 wells resulting in 29 oil wells, 1 gas/condensate well and 5 dry holes (86% success) ◾ TransGlobe's production averaged 17,651 Bopd in July; 17,834 Bopd in August; and 19,238 Bopd in September ◾ West Bakr concession currently producing at the highest rate in its 30 year history ◾ Received $142.7 million to date from EGPC during 2013; additional tanker liftings are scheduled for November ◾ New concessions approved by Cabinet and forwarded to President; ratification is expected in late 2013

OPERATIONS UPDATE

ARAB REPUBLIC OF EGYPT

West Gharib, Arab Republic of Egypt (100% working interest, operated)

Operations and Exploration

The Company drilled five wells in the third quarter resulting in five oil wells (four at East Arta and one at Hoshia).

Tags: TransGlobe Energy Corporation




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