Reuters logo
BRIEF-TransGlobe Energy announces establishment of reserve-based lending facility on Canadian assets
May 16, 2017 / 9:42 PM / 4 months ago

BRIEF-TransGlobe Energy announces establishment of reserve-based lending facility on Canadian assets

May 16 (Reuters) - TransGlobe Energy Corp:

* TransGlobe Energy Corporation announces establishment of reserve-based lending facility on Canadian assets

* TransGlobe Energy Corp - pursuant to credit agreement, RBL commitment is a maximum of C$30 million

* TransGlobe Energy Corp - redeterminations of borrowing base are scheduled semi-annually, with first redetermination scheduled for November 30, 2017

* TransGlobe Energy Corp - it is expected that 2017 production will average between 15,500 and 18,500 boepd

* TransGlobe Energy Corp - company’s 2017 capital program is $56.4 million Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below