Stock Quote:
TGL  $ 2.05  $ -0.01
TGA  $ 1.51  $ 0.01
BZM17  $ 51.63  $ -0.19

South Alamein

In 2012, TransGlobe acquired through two separate corporate transactions a 100% working interest in the South Alamein Concession.

The South Alamein Concession is located onshore in the Western Desert of Egypt and includes portions of the prolific Alamein and Tiba basins.  The area is covered by 3-D seismic, and has a discovery well drilled.  However, this concession has now been suspended awaiting military approval for access.  Once that access is granted, TransGlobe will have approximately 20 months to complete the expected drilling program prior to final relinquishment.

Concession Summary

South Alamein map