StockMarketWire.com - Toronto and London listed TransGlobe Energy swung to a third-quarter profit, after lower costs helped offset a fall in sales.

Net earnings for the three months through September amounted to $3.0m, compared to losses of $12.3m on-year.

Petroleum and natural gas sales fell 13% to $64.4m, amid a 6% decrease in production from the company's assets in Canada and Egypt.

TransGlobe Energy narrowed its annual production guidance range to 15,500-to-16,000 barrels of oil equivalent per day, compared to previous guidance of 15,000-to-16,000 boepd.


At 9:19am: [LON:TGL] TransGlobe Energy Corporation share price was 0p at 97.5p



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