TGA: Transglobe Energy beats Q4 ests; guides FY13/QTD production (8.55 )
Transglobe Energy reports Q4 EPS of $0.39 vs $0.37 Capital IQ Consensus Estimate; oil/gas sales, net of royalties, +52% to $92.3 mln vs $90.80 mln Capital IQ Consensus.
2012 production increased 44% YoY to 17,496 barrels of oil per day
2013 Guidance:
-- Production of 21,000 to 24,000 Bopd, a 28% increase over 2012 using the mid-point of 22,500 Bopd;
-- Funds Flow of $161.0 million, based on an average Dated Brent oil price of $100.0/Bbl and using the mid-point production of 22,500 Bopd;
-- January production 17,144 Bopd; February production 18,085 Bopd; and 18,500 Bopd to date in March
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