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BRIEF-TransGlobe Energy announces establishment of reserve-based lending facility on Canadian assets

May 16 TransGlobe Energy Corp:

* TransGlobe Energy Corporation announces establishment of reserve-based lending facility on Canadian assets

* TransGlobe Energy Corp - pursuant to credit agreement, RBL commitment is a maximum of C$30 million

* TransGlobe Energy Corp - redeterminations of borrowing base are scheduled semi-annually, with first redetermination scheduled for November 30, 2017

* TransGlobe Energy Corp - it is expected that 2017 production will average between 15,500 and 18,500 boepd

* TransGlobe Energy Corp - company's 2017 capital program is $56.4 million Source text for Eikon: Further company coverage:

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