This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:TransGlobe Energy loses $1.61-million (U.S.) in Q3 2009-11-05 14:34 ET - News Release Ms. Anne-Marie Buchmuller reports TRANSGLOBE ENERGY CORPORATION ANNOUNCES THIRD QUARTER 2009 FINANCIAL AND OPERATING RESULTS TransGlobe Energy Corp. has released its financial and operating results for the three- and nine-month periods that ended Sept. 30, 2009. All dollar values are expressed in United States dollars unless otherwise stated. The conversion to barrels of oil equivalent of natural gas to oil is made on the basis of 6,000 cubic feet of natural gas being equivalent to one barrel of crude oil. With the sale of TransGlobe's Canadian assets having closed on April 30, 2008, the results from the Canadian segment of operations are being presented as discontinued operations in this document. Highlights include: - Production of 8,864 barrels of oil per day, a 28-per-cent increase over third-quarter, 2008, production;
- Positive funds flow from operations of $12.6-million or 19 cents per share;
- Net loss of $1.6-million or two cents per share, a significant improvement over the second quarter of 2009;
- Strong balance sheet maintained with a low debt-to-funds flow ratio of one to 1.3;
- Capital expenditures of $10.6-million covered entirely by funds flow from operations.
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