12:21 PM EST - TransGlobe Energy Corporation : announced its financial and operating results for the three months ended June 30, 2011. All dollar values are expressed in United States dollars unless otherwise stated. Highlights include rapid production growth in West Gharib, 2nd quarter production of 11,356 barrels of oil per day (Bopd); up 30% from Q1-2011; Record Q2 average production of 11,826 Bopd, (Egypt 11,356 Bopd, Yemen 470 Bopd); July production averaged 13,313 Bopd, (Egypt 11,685 Bopd, Yemen 1,628 Bopd) with Block S-1 back on production starting July 16. Record Q2 funds flow was $29.3 million ($0.39/share), a 21% increase over Q1-2011. Second-quarter net earnings were $21.9 million ($0.29/share. TransGlobe Energy Corporation
shares T.TGL are trading down $0.64 at $8.32.
