TransGlobe well-positioned for growth in Egypt, CEO says

TransGlobe will be developing new oil fields in Egypt’s Eastern Desert along with a field in the Western Desert, TransGlobe Energy CEO Ross Clarkson tells Proactive Investors Stocktube (runtime: 5:15). The company has five production sharing contracts in Egypt producing 13,300 bpd of oil, Clarkson says. He says issues regarding receivables were resolved “about two years ago.” Clarkson is saying TransGlobe is considering listing away from North America as there are more shareholders who are comfortable with investing in Egypt “on this side of the Atlantic.”