TGA - TransGlobe Energy: New Production Ahead Of Time

• The current activity should lead to production growth sooner rather than later (and increasing guidance along with it).
• The new contract has allowed management to begin a sustained growth period for the first time in a very long time.
• Egypt is a decent country in which to conduct oil & gas business.
• The drilling of another potential discovery well is being planned for later this year.
• The enterprise value is pretty cheap when compared to annual cash flow and growth prospects.

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