TransGlobe Energy (TGA) Issues 2022 Budget and Production Guidance

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Go back to TransGlobe Energy (TGA) Issues 2022 Budget and Production Guidance

Transglobe Energy Corporation Announces Its 2022 Capital Budget & 2022 Production Guidance

January 27, 2022 2:06 AM EST

Calgary, Alberta--(Newsfile Corp. - January 27, 2022) - TransGlobe Energy Corporation(AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces its 2022 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated.

2022 BUDGET HIGHLIGHTS

2022 capital budget of $57.7MM (before capitalized G&A);Egypt $33.1MMCanada $24.6MMInvestment is spread evenly throughout the year and 2022 average production guidance is set at 12.4 to 13.4 MBoepd with a midpoint of 12.9... More