TGL's Nukhul Play Picks up Momentum

TOBY PIERCE, GMP Securities (02/14/2011)
"We continue to look to Egypt, where TransGlobe continues to unlock the potential of the rapidly evolving Nukhul play. Following the completion of its CAD$75M raise, management has a strong balance sheet and, we believe, is adequately funded to acquire or farm-in to acreage surrounding the Nukhul Resource play or pursue new business development opportunities in Egypt."

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