Egyptian Acquisition to Swell TGL's Production

ALEXANDER KLEIN, Dundee Securities (03/28/2011)
"Transglobe Energy announced the acquisition of the West Bakr Concession in Egypt. . .[which] adds 4,000 bbls/d of gross production (1,140 bbls/d net), and we calculate the acquisition to be accretive on both a production and reserves per share basis. . .With this acquisition, Transglobe will add more production to its already growing production base."

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