09:52 AM EST - TransGlobe Energy Corporation : Announced a Q4 operations update. All dollar values are expressed in US dollars unless otherwise stated. Production averaged ~15.3 MBoepd in Q4 2019 to date (October ~15.2 MBoepd, November ~15.4 MBoepd and December to date ~15.0 MBoepd) versus 15.9 MBoepd in Q3 2019. Production facilities have been installed at South Ghazalat-6X, with the discovery well scheduled to be unloaded and commence production at a target rate of ~1000 Bopd on December 22, 2019. Proceeds of ~$22 million received in December for a 451 MBbls cargo lifted in early November 2019. Negotiations continue with the Egyptian government to amend, extend and consolidate the Company’s Eastern Desert concession agreements. TransGlobe Energy Corporation
shares T.TGL are trading up $0.08 at $1.77.
