TransGlobe has increased its 2Q16e production guidance by 6% to 11,400 bbl/d. Exit 2016e production guidance between 13,000 bbl/d and 14,000 bbl/d represents growth between 14% and 23% from current levels. This production growth is from low-risk development opportunities, does not include exploration success, and can be achieved on less than expected capital expenditures. TransGlobe plans on drilling an additional 16 exploration wells by year-end, which could result in incremental reserve and pr ....
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Increases Production Guidance with Positive Operational Update
- Published:
24 Jun 2016 -
Author:
Darren B. Engels -
Pages:
9
TransGlobe has increased its 2Q16e production guidance by 6% to 11,400 bbl/d. Exit 2016e production guidance between 13,000 bbl/d and 14,000 bbl/d represents growth between 14% and 23% from current levels. This production growth is from low-risk development opportunities, does not include exploration success, and can be achieved on less than expected capital expenditures. TransGlobe plans on drilling an additional 16 exploration wells by year-end, which could result in incremental reserve and pr ....