South West Gharib
The 195 square kilometer (48,000 acre) South West Gharib PSC is located immediately south of the North West Gharib concession and is on trend with core producing properties (West Gharib and West Bakr).
At South West Gharib, TransGlobe paid a signature bonus of $5.2 million and committed to a work program of $10 million in the first phase which consisted of 200 square kilometers of 3-D seismic and four wells.
The Company completed a 3-D seismic acquisition program in 2014. The data will be processed and interpreted in 2015 with exploration drilling planned for 2016.