TransGlobe drops Yemen licences

Canada’s TransGlobe Energy warned it will book a $51.5 million non-cash impairment charge in its fourth quarter results after deciding to relinquish two blocks in Yemen due to natural decline and security issues.

Yemen exits: TransGlobe Energy drops two blocks over natural decline and security problems
Yemen exits: TransGlobe Energy drops two blocks over natural decline and security problems
Published 11 February 2015, 12:39Updated 11 February 2015, 12:45
Middle East