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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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