TransGlobe Energy Corporation Q42019 production averages around 15.3 MBoepd

  • Dec 19, 2019 GMT
  • Team Kalkine

TransGlobe Energy Corporation (LON: TGL) has released its Q4 operations update.

  • The company reported that production was closed to around 15.3 MBoepd in Q4 2019 to date as compared to 15.9 MBoepd in Q3 2019.
  • The company reiterated that production continues steady as per the upper range of production guidance for fiscal 2019 of 15.5 to 16.0 MBoepd.
  • The company further stated that the proceeds of around $22 million in December were collected for a 451 MBbls cargo lifted in November 2019.
  • On 19th December 2019, at the time of writing, GMT 08:04 AM, TGL shares were trading at GBX 97.50, unchanged against the previous day closing price.

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