Key Developments For TransGlobe Energy Corporation
TransGlobe Energy Corporation (TGA.O) (Nasdaq)
TransGlobe Energy Corporation Issues FY 2010 Production Guidance
TransGlobe Energy Corporation announced that for fiscal 2010, it has projected funds flow from operations of $55 million based on an average dated Brent oil price of $65.00/Bbl and mid-point of production guidance. The fiscal 2010 funds flow forecast is based on an estimated production target of 9,300 to 9,700 Bopd with a targeted exit rate over 10,000 Bopd.
TransGlobe Energy Corporation Reaffirms FY 2009 Production Guidance
TransGlobe Energy Corporation announced that it remains on track to meet production guidance for fiscal 2009 of between 8,800 and 9,200 Bopd.
TransGlobe Energy Corporation Announces Normal Course Issuer Bid
TransGlobe Energy Corporation announced that the Toronto Stock Exchange (TSX) has accepted its Notice to Make a Normal Course Issuer Bid (the Bid) to purchase, from time to time, as it considers advisable, up to 6,116,905 of its 65,327,839 currently issued and outstanding common shares (being no greater than 10% of the public float, which is 61,169,048 common shares) on the open market through the facilities of the TSX. The price that the Company will pay for any common shares under the Bid will be the prevailing market price on the TSX at the time of such purchase. Common shares acquired under the Bid will be cancelled. The Bid will commence on September 7, 2009 and will terminate on September 6, 2010 or such earlier time as the Bid is completed or terminated at the option of the Company.
TransGlobe Energy Corporation Lowers FY 2009 Production Guidance
TransGlobe lowered its fiscal 2009 production guidance to a range of 8,800 to 9,200 Bopd.
TransGlobe Energy Corporation Issues Q2 2009 Production Guidance
TransGlobe Energy Corporation announced that its second quarter 2009 average production is expected to be approximately 9,500 Bopd.
