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BRIEF-Transglobe Energy Corporation Qtrly FFO Per Share $0.46

Published 2018-08-14, 02:09 a/m
BRIEF-Transglobe Energy Corporation Qtrly FFO Per Share $0.46

Aug 14 (Reuters) - TransGlobe Energy Corp TGL.TO :

* ORATION ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2018

* QTRLY EARNINGS PER SHARE $0.10

* Q2 PRODUCTION AVERAGED 13,779 BOEPD

* QTRLY FFO PER SHARE $0.46

* TOTAL CORPORATE PRODUCTION EXPECTED TO RANGE BETWEEN 14,200 AND 14,800 BOEPD FOR 2018, WITH 94% WEIGHTING TO OIL AND LIQUIDS

* EGYPT OIL PRODUCTION IS EXPECTED TO RANGE BETWEEN 12,000 AND 12,400 BARRELS OF OIL PER DAY IN 2018

* CANADIAN PRODUCTION EXPECTED BETWEEN 2,200 AND 2,400 BOEPD IN 2018, WITH ADJUSTMENT FOR HARMATTAN AREA PLANT, FACILITY TURNAROUND IN MAY

* Q2 EARNINGS PER SHARE VIEW $0.38, REVENUE VIEW $75.3 MILLION -- THOMSON REUTERS I/B/E/S

* SECOND QUARTER SALES AVERAGED 19,301 BOEPD DUE TO INCREASED CARGO LIFTINGS DURING THE QUARTER

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