Production Rates | Forecast - Production | Capital Markets | Capital Expenditure - 2017
Transglobe 2017 Drilling and Production Guidance
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TransGlobe Energy Corporation announced the 2017 capital budget. All dollar values are expressed in US dollars unless otherwise stated.
Capital Budget 2017 capital budget of $56.4 million ($35.2 million firm and $21.2 contingent) Egypt $25.8 million firm and $14.4 million contingent Canada $9.4 million (C$12.5 million) firm and $6.8 million (C$9.0 million) contingent Production 2017 production of 15.5 to 18.5 MBoepd representing an increase of 30% to 55% over 2016 Egypt 13.0 to 15.5 MBopd in 2017 Canada 2.5 to 3.0 MBoepd in 2017 January 2017 production ~16.8 MBoepd Egypt The approved $25.8 million Egypt firm program has $14.4 million (56%) allocated to exploration and $11.4 million (44%) to development.The $14.4 million exploration program includes drilling up to 6 wells in the…
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