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TransGlobe Energy Corporation

11:46 AM EST - TransGlobe Energy Corporation : Announced its 2018 year-end reserves. Total proved ("1P") gross reserves of 26.9 million barrels oil equivalent ("MMboe") (YE 2017: 27.5 MMboe) representing a 0.6 MMboe or 2% decrease from year-end 2017 primarily due to production of ~5.3 MMboe during the year, substantially offset by ~4.7 MMboe of positive net revisions. Total proved plus probable ("2P") gross reserves of 44.1 MMboe (YE 2017: 45.9 MMboe) decreased 4% from year-end 2017 primarily due to production of ~5.3 MMboe, substantially offset by ~3.5 MMboe of positive net revisions. TransGlobe Energy Corporation shares T.TGL are trading up $0.10 at $2.45.