Value Microcaps Junior Energy

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15:10 TGA is a very well-run oil company... period!

Transglobe Energy reports January average production of 17,010 barrels of oil per day (9.35 -0.06)
Production increases in January are attributed to improved water separation in the field and to new wells. Co commissioned a new multi-well battery in the Arta field during the second week of December, which has improved water separation in the field and increased oil sales. Co continues to progress a number of projects to reduce the amount of water trucked with the oil and to increase tankage/processing capacity allocations at the GPC terminal. It is estimated that ~500 Bopd remains curtailed in January. Effective December 29, 2011, the Company acquired ~4,350 Bopd of Gross oil production and reserves of 7.4 mln barrels on a Proved basis or 11.6 mln barrels on a Proved plus Probable basis; at a cost of $5.30/bbl for 1P reserves or $3.41/bbl for 2P reserves. The Company has identified a number of drilling and recompletion opportunities at West Bakr which could increase production to the 6,000 to 8,000 Bopd range over the next two years.