09:50 AM EST - TransGlobe Energy Corporation : Announced its 2015 year-end reserves and update. All dollar values are expressed in United States dollars. 2015 year-end corporate Proved plus Probable (2P) reserves are 28.7 million barrels, which is 14% lower than year-end 2014. It’s seen that 2015 year-end after tax future net revenues will be $195 million (2P reserves discounted at 10%, forecast pricing), a 43% decrease from year-end 2014. Production in 2015 averaged ~14,500 Bopd with a fourth quarter production rate of approximately 13,400 Bopd. TransGlobe Energy Corporation
shares T.TGL are trading up $0.17 at $1.69.
