Transgloble Energy Corporation NPV (DI) (TGL)

  • Change Today:
  • 52 Week High: 150.00p
  • 52 Week Low: 35.00p
  • Currency: UK Pounds
  • Shares Issued: 72.54m
  • Volume: 0
  • Market Cap: £27.20m

Transglobe surges on positive production update

By Iain Gilbert

Date: Wednesday 24 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Calgary-based exploration and development company TransGlobe Energy saw production average roughly 14.3m barrels of oil per day throughout the third quarter of its trading year.
Transglobe told investors on Wednesday that it had successfully drilled two oil wells at its West Bakr asset in Egypt, currently producing around 800 barrels of oil per day, and had also commenced drilling at its multi-stacked Cretaceous prospect in South Ghazalat and its Hz Cardium development in Western Canada.

At its South Alamein site, Transglobe received notification from the Egyptian military that access will be granted to the firm to drill its 24X Jurassic exploration prospect after final written approval has been granted.

In Canada, the oil and gas outfit kicked off its six well drilling programme, expected to wrap up during the fourth quarter, with first production from the multi-well pad anticipated by early January.

As of 0900 BST, Transglobe shares had jumped 19% to 255.70p.

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TGL Market Data

Currency UK Pounds
Share Price 37.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 150.00p
52 Week Low 35.00p
Volume 0
Shares Issued 72.54m
Market Cap £27.20m

TGL Star Ratings

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Price Trend Not Available
Income Not Available
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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TGL Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 28-Mar-19
Paid 13-Sep-19 18-Apr-19
Amount 3.50¢ 3.50¢

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

TGL Key Personnel

CEO Randall Clifford Neely
Chair David Bruce Cook

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