A successful international oil and gas explorer focused in Egypt and Yemen
TransGlobe Energy Corporation
Nuqra
The Nuqra Concession is a large block of land that covers approximately 3.65 million acres. TransGlobe has identified several prospects for drilling in late 2010 which are similar to the Al Baraka field located immediately west of the Nuqra Concession. The operator of the Al Baraka field recently announced a test of 1,300 Bopd from the Al Baraka #4 well, representing a significant improvement from the previously reported production rates of 200 Bopd/well. The Company continues to discuss rig-sharing possibilities with the adjacent operators to facilitate a late 2010 drilling program.
- NUQRA
- Nuqra
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71.4 % W.I. in the 9,307 km2 (3,594 sq. mi.) exploration concession
Immediately offsets Al Baraka oil discovery announced on Block 2 in 2007
Proven hydrocarbon system in the basin
Very lightly explored, 8 wells drilled to date in the entire rift basin (2 of 4 wells on Nuqra concession drilled by TransGlobe)
Exploration drilling (1 to 2 wells) deferred to 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)