TransGlobe Energy Corporation

TransGlobe Energy Corporation is an international exploration and production company based in Calgary, Alberta, Canada with oil interests in the Arab Republic of Egypt ('Egypt'). 

TransGlobe has a proven track record with extensive Middle East experience.  This experience combined with an extensive and diversified portfolio of development and exploration opportunities provides for significant upside potential.  TransGlobe’s focus is principally on onshore oil fields of 2 to 20 million barrels recoverable with high individual per well productivity and reserves.  The existing portfolio includes a significant production and reserve base along with multiple identified exploration and development locations.

TransGlobe holds interests in eight production sharing concessions (“PSCs”) in Egypt:

• 100% working interest in the West Gharib Concession
• 100% working interest in the North West Gharib Concession
• 100% working interest in the South West Gharib Concession
• 100% working interest in the South East Gharib Concession
• 100% working interest in the West Bakr Concession
• 100% working interest in the South Alamein Concession
• 100% working interest in the South Ghazalat Concession
• 100% working interest in the North West Sitra Concession

Since inception, TransGlobe has recorded significant growth in production, reserves and funds flow, on both a gross and per share basis.  TransGlobe is focused on sustainable production growth through a balanced portfolio of exploration, development and reservoir optimization projects in addition to value enhancing acquisitions.   TransGlobe is committed to promoting good oilfield development and exploitation practices including the implementation of industry leading secondary and tertiary recovery methods as well as improvements to production and transportation infrastructure.

The Company’s growth strategy is built on three pillars:

Acquire/maintain high working interests and operatorship

TransGlobe operates all of 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.

Prudent financial management

TransGlobe maintains a very healthy balance sheet enabling the Company to fully fund its capital program with funds flow from operations.