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January 29, 2013
17:07 EDTTGATransGlobe Energy reports 2012 year-end contingent resources
TransGlabe Energy announced best case contingent resources of 2M barrels and estimated future net revenue for best case contingent resource is $29.1M. Company also announces prospective resources at year-end, reporting that the mean estimate of total undiscovered oil initially in place for the 38 evaluated prospects is 1B barrels; the mean estimate of total prospective resource is 200M barrels; the mean estimate of total working interest prospective resource is 170M barrels.
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