'VAALCO continues to make positive progress with its ongoing Etame drilling programme with the successful drilling of the North Tchibala 2H-ST well. Today's operational update highlights VAALCO's attractive asset base and supports the Board's existing recommendation to combine to create a world-class African-focused E&P company with a diversified portfolio of development assets with significant upside and strong fiscal terms which will generate sustainable returns to the combined shareholder base.
Both the management and Board continue to unanimously support the merger which is expected to deliver material benefits for TransGlobe shareholders.'
Contact:
President and CEO
Eddie Ok
CFO
T: +1 403 264 9888
E: investor.relations@trans-globe.com
WEB: http://www.trans-globe.com
Investor
T: +1 403 618 8035
E: darren@tailwindassociates.ca
WEB: http://www.tailwindassociates.ca
Financial Advisor
T: +44 20 7653 6000
Nomad & Joint-Broker
T: +44(0) 20 7523 8000
Joint Broker
T: +44(0) 20 7408 4090
T: +1 212 493 6950
E: tga@dfking.com
Camarco
Financial PR
T: +4420 3757 4986
E: TransGlobe@camarco.co.uk
About TransGlobe
Advisory on Forward Looking Statments
This press release contains forward-looking statements concerning, but not limited to, the expected benefits of the proposed transaction between TransGlobe and
Such forward-looking statements are based on certain assumptions made by TransGlobe in light of its experience and perception of current conditions and expected future developments, as well as other factors the Company believes are appropriate in the circumstances.
The forward-looking statements contained in this press release are made as of the date hereof and TransGlobe undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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