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Transglobe surges on positive production update

Wed, 24th Oct 2018 08:21

(Sharecast News) - Calgary-based exploration and development company TransGlobe Energy saw production average roughly 14.3m barrels of oil per day throughout the third quarter of its trading year.Transglobe told investors on Wednesday that it had successfully drilled two oil wells at its West Bakr asset in Egypt, currently producing around 800 barrels of oil per day, and had also commenced drilling at its multi-stacked Cretaceous prospect in South Ghazalat and its Hz Cardium development in Western Canada.At its South Alamein site, Transglobe received notification from the Egyptian military that access will be granted to the firm to drill its 24X Jurassic exploration prospect after final written approval has been granted.In Canada, the oil and gas outfit kicked off its six well drilling programme, expected to wrap up during the fourth quarter, with first production from the multi-well pad anticipated by early January.As of 0900 BST, Transglobe shares had jumped 19% to 255.70p.
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19 Feb 2013 09:43

Touchstone Gold begins further drilling at Segovia project

Touchstone Gold's shares gained Tuesday after the mining group announced it started further drilling at its Segovia gold project in Colombia. The company has kicked off the initial 5,000 metres at its stage four drilling programme and will target three zones - 1141, Tagual Zone and Bern Zone. Firs

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