11:49 AM EST - TransGlobe Energy Corporation : Announced an update to its oil hedge position for 2020. All dollar values are expressed in U.S. dollars unless otherwise stated. TransGlobe continues to review its price exposure in the current crude oil price environment and has entered into additional 2020 hedges to provide further downside protection against a protracted near-term, low price environment. The Company entered into costless Dated Brent collars for its remaining unhedged forecasted 2020 Egypt entitlement oil production. An additional 800,000 bbls (100,000 bbls monthly from May-December) have been price-protected with a purchased put of $30.00 and a sold call of $40.70. TransGlobe Energy Corporation
shares T.TGL are trading up $0.09 at $0.70.