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TransGlobe Energy Corporation Announces Year End 2020 Financial and Operating Results


1
The Company achieved the netbacks above on sold barrels of oil equivalent for the year ended December 31, 2020 and December 31, 2019 (these figures do not include TransGlobe s Egypt entitlement crude oil held as inventory at December 31, 2020).
2
Royalties and taxes are settled at the time of production. Fluctuations in royalty and tax costs per bbl are due to timing differences between the production and sale of the Company s entitlement crude oil.
Netback per barrel in Egypt decreased by 46% in 2020 compared to 2019. The decrease was due to a 35% lower realized oil price, 57% higher selling costs and 29% higher production and operating expenses.
Royalties and taxes as a percentage of revenue were 49% in 2020 (2019 - 64%). Royalties and taxes are settled on a production basis, therefore, the correlation of royalties and taxes to oil sales fluctuates depending on the timing of entitlement oil sales. If sales volumes had been equal to production volumes during ....

United States , United Kingdom , Eastern Desert , Al Bar Ala Mar , City Of , Western Desert , Arab Republic Of Egypt , Arta Nukhul , Toby Gibbs , Ben Brewerton , Henry Fitzgerald Oconnor , Randy Neely , James Asensio , Ron Hornseth , Darren Engels , Genevieve Ryan , University Of Alberta , Egyptian Parliament , Tailwind Associates , Company Annual Report On Form , Metallurgy Petroleum Society , Society Of Petroleum Engineers , Petroleum Company , Funding For The Company , Association Of Professional Engineers , National Instrument ,

Norway: ConocoPhillips makes oil discovery north of the Heidrun field in the Norwegian Sea


Norway: ConocoPhillips makes oil discovery north of the Heidrun field in the Norwegian Sea - 6507/5-10 S
04 Jan 2021
PL 891, is in the process of completing the drilling of wildcat well
6507/5-10 S.
The well was drilled about 23 kms north of the Heidrun field in the Norwegian Sea and 220 kms west of Brønnøysund.
The objective of the well was to prove petroleum in reservoir rocks from the Early Jurassic Age (Åre Formation) and Triassic Age ( Grey Beds ).
Well 6507/5-10 S encountered a total oil column of 270 metres in the Åre Formation and Grey Beds , a total of 90 metres of which are sandstone layers with generally very good reservoir properties. ....

Norwegian Sea , Oceans General , Leiv Eiriksson , Conocophillips Skandinavia , Early Jurassic Age , Triassic Age , Grey Beds , Red Bed , நோர்வே கடல் , பெருங்கடல்கள் ஜநரல் , ஆரம்ப ஜுராசிக் வாழ்நாள் , சாம்பல் படுக்கைகள் , சிவப்பு படுக்கை ,

Detailed text transcripts for TV channel - MSNBC - 20120817:09:50:00

And when we come back here, we ll huddle around the water cooler to watch vp candidate paul ryan take a shot at the guy whose job he s trying to take. week s ed ed b ed bed by bideni way too early comes back. [ acoustic guitar: upbeat ] [ dog ] we found it together. on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you smiled. and threw it. and i decided i would never, ever leave it anywhere. because that wonderful, bouncy, roll-around thing. ....

Paul Ryan , Water Cooler , Pled B , Red Bed , Acoustic Guitar , Way Too Early ,