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IN BRIEF: TransGlobe Energy first quarter loss narrows

7th May 2021 17:56

TransGlobe Energy Corp - Calgary, Canada-based oil exploration and production company - Says petroleum and natural gas sales in first quarter of 2021 fall 47% to USD42.3 million, but net loss narrows to USD11.0 million from USD55.2 million. Production and operating expense only USD9.4 million in quarter, down nearly 60% on USD23.3 million a year ago.

Current stock price: 112.50 pence

Year-to-date change: up 50%

By Lucy Heming; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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