04:09 PM EST - TransGlobe Energy Corp : expects production to average 8,500 to 9,000 barrels of oil per day or Boepd for 2009, representing a 16% to 22% increase over the 2008 average production. The company said using the mid-point of production guidance and assuming an average oil price for the year of $40.00/Bbl Dated Brent, cash flow from operations in 2009 is expected to total approximately $24 million. TransGlobe Energy Corp.
shares T.TGL are trading down $0.09 at $2.91.
