Calgary, Alberta – TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA) (AIM: TGL) (“TransGlobe” or the “Company”) announces that the Company has changed its auditor from BDO Canada LLP (“BDO” or “Former Auditor”) to Deloitte LLP (“Deloitte” or “Successor Auditor”) effective as of April 8, 2022.
At the request of the Company, BDO resigned as auditor of the Company effective as of April 8, 2022 (the “Date of Resignation”). Deloitte was appointed as auditor of the Company effective April 8, 2022, to fill the vacancy from the Date of Resignation until the next annual meeting of shareholders of the Company.
- There were no modifications of opinion by BDO in BDO’s reports on the Company’s financial statements for the two most recently completed fiscal years ended December 31, 2020 and 2021.
- There have been no reportable events, including disagreements, consultations or unresolved issues, as defined in Section 4.11 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”), in connection with the audits of the two most recent fiscal years and with any subsequent period to the Date of Resignation.
In accordance with NI 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Board of Directors of the Company and filed on SEDAR.