TransGlobe Energy Q1 2012 Update

TransGlobe Energy Corporation (TSX:TGL,NASDAQ:TGA) announced its 2012 first quarter production and operational update.

As quoted in the press release:

HIGHLIGHTS

• West Bakr acquisition closed December 29, 2011.

• January average production of 17,010 barrels of oil per day (“Bopd”), 41% higher than Q4 2011 and 40% higher than 2011 average production.

• Egypt production of 16,600 Bopd in January (12,130 Bopd West Gharib and 4,470 Bopd West Bakr)

Click here to read the TransGlobe Energy (TSX:TGL) press release.