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Marketing, Concessions, Reserves

Oil Marketing

TransGlobe began direct marketing Eastern Desert entitlement crude oil to international buyers in 2015. Direct oil marketing has improved liquidity and decreased credit risk.

EGPC’s cooperation on TransGlobe Energy’s export initiative is a positive indication of Egypt’s commitment to becoming a more open economy and attracting foreign investment.

Concession Summary

Size (Acres)
Concession (WI) Gross Net Year Acquired Type First Production
West Gharib 100% 22,775 22,775 2007 Development Jan 2000
NW Gharib 100% 11,199 11,199 2013 Development Dec 2016
West Bakr 100% 11,143 11,143 2011 Development June 1980
South Ghazalat 100% 349,313 349,313 2013 Exploration N/A
South Alamein 100% 197,806 197,806 2012 Exploration N/A
NW Sitra 100% 483,126 483,126 2015 Exploration N/A
Company Total 100% 1,075,312 1,075,312

Reserves

Reserves and estimated future net revenues, as presented by GLJ Petroleum Consultants Ltd. ("GLJ") of Calgary, Alberta, are included in the Company's Annual Information Form, and is filed on SEDAR (http://www.sedar.com/).