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Stock Market & Financial Investment News

News Breaks
January 23, 2013
17:45 EDTTGATransGlobe Energy announced 32.8MMBbl total reserves at December 31
TransGlobe's total proved reserves increased 16% to 32.8 MMBbl at December 31 from 28.2 MMBbl at December 31, 2011. This increase in proved reserves represents a production replacement in 2012 of 172%. The company produced 6.4 MMBbl of reserves during 2012. Total 2P reserves grew 10% to 48.7 MMBbl at December 31 from 44.2 MMBbl at December 31, 2011. Total 3P reserves grew 4% to 62.4 MMBbl at December 31 from 59.8 MMBbl at December 31, 2011.
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April 15, 2014
09:29 EDTTGATransGlobe Energy upgraded to Buy from Hold at TD Securities
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April 14, 2014
07:58 EDTTGATransGlobe reintroduces 5c dividend, announces 10c special dividend
The company intends to proceed with obtaining the required approvals for the previously announced, and subsequently suspended, dividend of 5c per share per quarter to be paid from funds on hand. In addition the company will seek the required approvals to pay a special dividend of 10c per share from the proceeds of the reverse termination fee. Declaration and the payment of the dividends are subject to stock exchange and bank lender approval.
07:54 EDTTGATransGlobe Energy announces termination of Arrangement Agreement with Caracal
TransGlobe Energy announces the termination of the Arrangement Agreement between TransGlobe and Caracal Energy, dated March 15. Caracal advised TransGlobe that it had received an unsolicited cash offer to acquire all of the outstanding shares of Caracal from Glencore Xstrata plc. Caracal further advised TransGlobe that the unsolicited offer constituted a "Superior Proposal" under the terms of the Arrangement Agreement. Accordingly, Caracal has terminated the Arrangement Agreement and has paid TransGlobe the reverse termination fee of $9.25M in accordance with the terms of the agreement.

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