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TransGlobe Energy Corporation posted a first-quarter loss after rising production was overshadowed by an impairment charge.
TransGlobe said it had booked a net loss for the three months through March of $8.8m, including an $8.4m impairment loss and $4.8m of unrealized loss on derivative commodity contracts.
Production for the three months through March grew 4% compared to the final quarter of 2018 to average 15,924 barrels of oil equivalent per day.
Production in April averaged around 16,964 boe per day, up from 7% in the first quarter.
At 8:39am: (LON:TGL) TransGlobe Energy Corporation share price was +1p at 141p