03:40 PM EST - TransGlobe Energy Corporation : provided a mid-quarter production and operations update for the second quarter of 2012. All dollar values are expressed in United States dollars unless otherwise stated. Highlights: TransGlobe closed company acquisitions from EP Energy LLC on June 7, 2012. Purchased wholly owned subsidiary companies (100%) which hold a 60% operated interest in the South Mariut Concession and a 50% non-operated interest in the South Alamein Concession in Egypt. Total purchase price of $21.7 million $15.0 million purchase price plus $6.7 million for inventory and fixed assets. TransGlobe Energy Corporation
shares T.TGL are trading up $0.23 at $10.26.
