TransGlobe Energy Corp fka TGA

[farml1234]

when you sell crude for less than $20.00 a Bl you have problems !!

Serious cash problems that is !!! Best to listen to the CC from today , things should get alot better very soon ! Ross said about 20 wells are off line in Egypt and that is why he hired another service rig !! He said they expect all the wells will back on line by year end !! Here is more great news the Boraq2 flow tested 1140 bl per day , this well is the first in the field , the second well Boraq5 was a dry hole . Now here is the good part the next well will go after a bigger deeper target to the other side of Borag 2 , Borag 2 was alot better api oil witch would sell as brent .

The 3 wells drilled in canada are still cleaning up post frac and so far are producing way better than expected ! Ross said can expect to drill 6 to 8 wells in canada next year