TransGlobe Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Call Start: 11:38

TransGlobe Energy Corporation (TGA)

Q2 2012 Earnings Call

August 9, 2012 11:00 AM ET


Ross Clarkson – President and CEO

Randy Neely – VP-Finance and CFO

Lloyd Herrick – VP and COO

Albert Gress – VP, Business Development


Fredrick Kozak [ph] – Independent Gas Oil

David Frisbie – First Energy Capital

Al Stanton – RBC

Gerry Donnelly – First Energy Capital

Gavin Wylie of Deutsche Bank



All participants thank you for standing by your conference is ready to begin. Good morning ladies and gentlemen and welcome to the TransGlobe Energy Corporation conference call and webcast. This webcast includes certain statements that may be deemed to be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this webcasts other than statements of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements.

Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, world production performance, exploitation and exploration successes, continued availability of capital and financing and general economic, market or business conditions.

I would now like to turn the meeting over to Mr. Ross Clarkson, President and Chief Executive Officer. Please go ahead Mr. Clarkson.

Ross Clarkson

Good morning everyone and welcome to TransGlobe Energy Corporation’s second quarter 2012 conference call. This is Ross Clarkson, President and CEO and with me I have Mr. Lloyd Herrick, Vice President and COO; Mr. Randy Neely, Vice President of Finance and CFO; and Mr. Albert Gress, Vice President of Business Development.

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