TransGlobe has drilled two successful exploration wells (NWG 27 and NWG 38), which has resulted in a YTD success rate of 40% (better than expected), additional drilling opportunities that have been de-risked, and the evaluation of 10 additional leads that were contingent on success. In addition to early exploration success and a continuous exploration drilling program for 2H16e, TransGlobe is positioning itself for material production growth leading into year-end 2016e via its production reco
12 Aug 2016
Reports Positive 2Q16 Results and Exploration Drilling Success
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reports Positive 2Q16 Results and Exploration Drilling Success
- Published:
12 Aug 2016 -
Author:
Darren B. Engels -
Pages:
7
TransGlobe has drilled two successful exploration wells (NWG 27 and NWG 38), which has resulted in a YTD success rate of 40% (better than expected), additional drilling opportunities that have been de-risked, and the evaluation of 10 additional leads that were contingent on success. In addition to early exploration success and a continuous exploration drilling program for 2H16e, TransGlobe is positioning itself for material production growth leading into year-end 2016e via its production reco