TransGlobe Energy Corporation TGA announces the signing of a Sale and Purchase Agreement to acquire a 50% operated working interest in the South Alamein Concession in the Arab Republic of Egypt from Cepsa Egypt SA B.V., a wholly owned subsidiary of COMPANIA ESPANOLA DE PETROLEOS, S.A. (of Spain) subject to the approval of the Egyptian Government and customary closing conditions.
The transaction highlights include:
-- $3.0 million all-cash deal;
-- An expansion of TransGlobe's portfolio in Egypt's Western Desert,
located approximately 150 kilometres northwest of Cairo;
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in