A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Growth Strategies
TransGlobe’s quest is to become a significant energy producer in the Middle East/North Africa region. The Company’s growth strategy is built on three pillars:
- Achieve/maintain a high percentage of operatorship -TransGlobe operates all its properties in Egypt, providing control of the drilling pace and choice of locations.
- Diversified portfolio - TransGlobe's operations contain a multi-year inventory of drilling prospects that range from low-risk development wells to higher-risk, high-reward exploration locations, and include oil as well as natural gas opportunities.
- Prudent financial management - TransGlobe maintains a very healthy balance sheet, with a debt-to-funds-flow ratio of 0.7:1 at March 31, 2011, enabling the Company to fully fund its capital program with funds flow from operations.