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TransGlobe Energy Corporation (T:TGL)

Business Focus: Oil & Gas Exploration and Production

This company is also listed in the United States as TGA on the NASDAQ. Click here to get the live US quote and see if there are any SEC insider filings..
Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 2300-250 5 St SW
Tel: N/A
IR: See website
Key People
Randall Clifford Neely
President, Chief Executive Officer, Director
Edward D. Ok
Chief Financial Officer, Vice President - Finance, Corporate Secretary
Geoffrey Probert
Chief Operating Officer, Vice President
Business Overview
TransGlobe Energy Corporation is an oil exploration and production company. The Company's activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 34,860 acres; West Bakr, covering over 11,600 acres; North West (NW) Gharib, covering approximately 162,000 acres; South East (SE) Gharib, which covers over 125,650 acres, and South West (SW) Gharib, covering approximately 48,310 acres. Its blocks in the Western Desert Egypt include South Alamein, covering approximately 335,830 acres; South Ghazalat, covering over 465,300 acres, and North West (NW) Sitra, covering approximately 480,850 acres.
Financial Overview
For the six months ended 30 June 2021, TransGlobeEnergy Corporation revenues increased 6% to $68.7M. Netloss decreased 95% to $3.3M. Revenues reflect Canadasegment increase of 78% to $10.2M. Lower net loss reflectsImpairment loss decrease from $73.5M (expense) to $0K.Basic Earnings per Share excluding Extraordinary Itemsincreased from -$0.95 to -$0.05.
Employees: 80 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $222.12M as of Jun 30, 2021
Annual revenue (TTM): $147.36M as of Jun 30, 2021
EBITDA (TTM): $51.13M as of Jun 30, 2021
Net annual income (TTM): -$14.98M as of Jun 30, 2021
Free cash flow (TTM): $29.09M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 72,542,071 as of Aug 6, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization