TransGlobe Energy Corporation is a Canadian-based, publicly-traded oil exploration and production company whose activities are concentrated in Egypt and Canada.
- TransGlobe has acquired a new producing asset in Canada located in the Harmattan area in central Alberta, approximately 80 km North of Calgary
- TransGlobe has 100% working interest in six Concession Blocks in Egypt.
- TransGlobe’s major operations and principle activities are in the oil and gas exploration and production business.
TransGlobe is in a strong financial position and is well positioned to weather the downturn in world oil prices. TransGlobe’s strong balance sheet is a direct reflection of management’s commitment to diligent stewardship of the Company’s capital programs and debt levels.
Growth Financed from Funds Flow and Equity
Low operating costs, low finding and development costs providing high recycle ratios which have generated high investment returns and significant funds flow and earnings.