CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017)
TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL)(NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated.
EASTERN DESERT - ARAB REPUBLIC OF EGYPT
North West Gharib, Arab Republic of Egypt (100% working interest, operated)
The Company is pleased to provide an update on the NWG exploration and development activities.
Friday, 23 December 2016 - 16:06
Anita Fatunji
(Ecofin Agency) - Canadian-based TransGlobe Energy in its update on Egyptian assets for the fourth and last quarter in 2016, announced that the North West Gharib (NWG) development plan for the NWG 3, NWG 16 and NWG 38 area was approved in early December.
The company said it completed the NWG 3 Early Production Facility (EPF) in mid-December and targets first production from NWG 3 at an estimated preliminary rate of 500 to 700bpd while the adjacent NWG 38 discovery well’s pipeline has been connected to the EPF and is expected to begin production before 2016 year-end.
