TransGlobe’s goal is to become a leading energy producer in the Middle East/North Africa region.
The Company’s growth strategy is built on three pillars:
Acquire/maintain high working interests and operatorship
TransGlobe operates all of its properties in Egypt, providing control of the drilling pace and choice of locations.
TransGlobe's operations contain a multi-year inventory of drilling prospects that range from low-risk development wells to higher-risk, high-reward exploration locations.
Prudent financial management
TransGlobe's objective is to fully fund its capital program with funds flow from operations. The Company utilizes debt as part of its capital structure within Company financial policies as reviewed by the Board of Directors.