TransGlobe’s goal is to become a leading independent international energy producer, with a focus on the Middle East/North Africa region.
The Company’s growth strategy is built on four pillars:
- Acquire/maintain high working interest and operatorship
- TransGlobe operates all of its properties in Egypt and the majority of its properties in Canada, providing control of the drilling pace and choice of locations.
- Increase recoveries from known oil pools
- Application of technical excellence, best operating practices and fiscal discipline.
- Minimize concentration risk
- TransGlobe produces from several fields in different regions and countries.
- Prudent financial management
- TransGlobe's objective is to fully fund its capital program with funds flow from operations. The Company utilizes debt as part of its capital structure.
- TransGlobe aims to return capital to shareholders through semi-annual payments of a portion of free cash flow. For these purposes, free cash flow is defined as net cash generated by operating activities less capital expenditures, debt repayments, and anticipated business development capital, calculated on an annual basis.