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Investegate |TransGlobe Energy Announcements | TransGlobe Energy: 1st Quarter Results

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ( MAR ). Upon the publication of this Announcement, this inside information is now considered to be in the public domain.

TRANSGLOBE ENERGY CORPORATION ANNOUNCES FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2021

Calgary, Alberta, May 7, 2021 - TransGlobe Energy Corporation ( TransGlobe or the Company ) is pleased to announce its financial and operating results for the three months ended March 31, 2021. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe s Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe s Management s Discussion and Analysis for the three months ended March 31, 2021 and 2020, are available on TransGlobe s website at ....

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TransGlobe Energy Corporation Announces First Quarter 2021 Financial and Operating Results for ...

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TransGlobe Energy Corporation Announces an Operations Update

TransGlobe Energy Corporation Announces an Operations Update
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TransGlobe Energy Corporation Announces Year End 2020 Financial and Operating Results

TransGlobe Energy Corporation Announces Year End 2020 Financial and Operating Results
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TransGlobe Energy Corporation Announces Year End 2020 Financial and Operating Results

1
The Company achieved the netbacks above on sold barrels of oil equivalent for the year ended December 31, 2020 and December 31, 2019 (these figures do not include TransGlobe s Egypt entitlement crude oil held as inventory at December 31, 2020).
2
Royalties and taxes are settled at the time of production. Fluctuations in royalty and tax costs per bbl are due to timing differences between the production and sale of the Company s entitlement crude oil.
Netback per barrel in Egypt decreased by 46% in 2020 compared to 2019. The decrease was due to a 35% lower realized oil price, 57% higher selling costs and 29% higher production and operating expenses.
Royalties and taxes as a percentage of revenue were 49% in 2020 (2019 - 64%). Royalties and taxes are settled on a production basis, therefore, the correlation of royalties and taxes to oil sales fluctuates depending on the timing of entitlement oil sales. If sales volumes had been equal to production volumes during ....

United States , United Kingdom , Eastern Desert , Al Bar Ala Mar , City Of , Western Desert , Arab Republic Of Egypt , Arta Nukhul , Toby Gibbs , Ben Brewerton , Henry Fitzgerald Oconnor , Randy Neely , James Asensio , Ron Hornseth , Darren Engels , Genevieve Ryan , University Of Alberta , Egyptian Parliament , Tailwind Associates , Company Annual Report On Form , Metallurgy Petroleum Society , Society Of Petroleum Engineers , Petroleum Company , Funding For The Company , Association Of Professional Engineers , National Instrument ,