A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
East Ghazalat
TransGlobe's three well farm-in on the Western Desert East Ghazalat block earned a 50% interest in over 212,000 exploration acres. A recent 3-D seismic program has identified five structurally controlled prospects with Petroleum Initially In Place ("PIIP") ranges of 10 to 150 MMBbls. Stacked pays are anticipated in Cretaceous, Jurassic and Palaeozoic. Pursuant to the terms of the Concession agreement, 25% of the 828 km2 original concession was relinquished prior to entering the first, two-year extension period on June 6, 2010. All work commitments have been met for the first exploration period and the two extension periods.
- EAST GHAZALAT
- East Ghazalat
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Earned 50% working interest in the 645 km2 (249 sq. mi.) exploration concession
Recently interpreted 2008 450 km2 3-D seismic program
The Western Desert Abu Gharadig Basin is a proven hydrocarbon basin
Five exploration prospects identified with a PIIP range of 10 to 150 MMBbl
Three well farm-in commitment; two Jurassic and one Cretaceous
Entered 1st, 2 year extension on June 6, 2010
Newsroom
July 29, 2010
TransGlobe Energy Corporation Announces New Credit Facility and Release Date of Second Quarter Results, Web Cast and Conference Call (more)
June 29, 2010
TransGlobe Energy Corporation Provides an Operations Update (more)
June 03, 2010
TransGlobe Energy Corporation Provides Mid-Quarter Update for Q2 2010 and Notice of CAPP Oil & Gas Investment Symposium Participation (more)