TransGlobe Energy Corporation Reports Production Results for the Second Quarter and Six Months Ended June 30, 2019; Revises Production Guidance for the Year 2019
Production for the six months ended June 30, 2019 averaged 16,436 boe/d (Egypt 14,143 bbls/d, Canada 2,293 boe/d), which was above guidance and 17% higher than the same period in 2018.
Guidance for 2019 production was increased by 1,000 boe/d (7%), and is now expected to range between 15,000 and 16,000 boe/d for full-year 2019 (mid-point of 15,500 boe/d).