TransGlobe Energy Corporation is a Canadian-based, publicly-traded oil exploration and production company whose activities are primarily concentrated in Egypt, with additional non-operated assets in Yemen.
- TransGlobe has 50-100% working interest in nine Concession Blocks in Egypt.
- Yemen assets are operated by world-class E&P companies.
- 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 funding and development costs providing high recycle ratios which have generated high investment returns and significant funds flow and earnings.