TGA - Transglobe Energy GAAP EPS of $0.44 revenue of $74.69M

• Transglobe Energy press release ( NASDAQ: TGA ): Q2 GAAP EPS of $0.44.
• Revenue of $74.69M (+47.5% Y/Y).
• Second quarter sales averaged 12,609 boe/d including 104.0 Mbbls sold to EGPC for proceeds of $11.8 million and one cargo lifting of 451.0 Mbbls of entitlement crude oil sold for proceeds of $46.3 million.
• Average realized price for Q2-2022 sales of $95.37/boe; Q2-2022 average realized price on Egypt sales was $101.29/bbl and on Canadian sales was $59.65/boe.
• Funds flow from operations of $42.5 million ($0.58 per share) in the quarter.
• Second quarter production averaged 12,132 boe/d, a decrease of 314 boe/d (3%) from the previous quarter.
• Production for the quarter was below full year 2022 guidance of 12,400 to 13,400 boe/d and 3% lower than the previous quarter.
• In Canada, production averaged 1,794 boe/d during the quarter, a decrease of 562 boe/d (24%) from the previous quarter and below full year 2022 guidance of 2,400 to 2,600 boe/d.

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