TSX: Exceeding Expectations

J. FREDERICK KOZAK, Canaccord Genuity (03/21/2011)
"Production in Egypt [is]11,500 bbl/d, up 41% over February production of 8,133 bbl/d with the increase attributed to recent completion of five new Nukhul wells (three Lower Nukhul and two Upper Nukhul). Production potential continues to grow with the most recent five wells completed producing 1,000 bbl/d without fracing, well above TransGlobe’s modeled rate of 500 bbl/d per Lower Nukhul well."

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