TransGlobe Energy Corp - Calgary, Canada-based oil exploration & production company - Says 2020 production averaged 13,425 barrels of oil equivalent per day, a decrease of 16% from 2019 primarily due to deferred well interventions in Egypt during low oil prices. Sales averaged 15,437 barrels of oil equivalent per day in 2020 with an average realized price of USD33.41 per barrel. The company says it ended the year with 38.9 million barrels of oil equivalent of 2P reserves, down 14% from 2019.
Going forward, the company says average production in January was 12,480 barrels of oil equivalent per day, while in February average production slipped to 12,007 barrels of oil equivalent per day.
Current stock price: 113.50 pence, up 3.2% on Friday
Year-to-date change: up 51%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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