Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Financial Instruments [Abstract]

Schedule of long-term debt

Based on the Company's current forecast of future production and prices the estimated future debt payments on long-term debt as of December 31, 2018 are as follows:

($000s)	Prepayment Agreement		Reserves Based Lending Facility		Total
2019	$	—	$	—	$	—
2020	—		—		—
2021	44,134		8,221		52,355
	$	44,134	$	8,221	$	52,355

Prepayment Agreement

	As at			As at
($000s)	December 31, 2018			December 31, 2017
Prepayment agreement - amount drawn	$	45,000		$	60,000
Deferred financing costs	(866		)	(1,208		)
	$	44,134		$	58,792

The following table reconciles the changes in TransGlobe's long-term debt:

($000s)	2018			2017
Balance, beginning of year	$	69,999		$	11,162
Increase in prepayment agreement	—			73,500
Increase in reserves-based lending facility	—			10,209
Draws on facility	508			64
Repayment of long-term debt	(17,797		)	(26,162		)
Amortization of deferred financing costs	360			329
Effect of movements in foreign exchange rates	(715		)	897
Balance, end of year	$	52,355		$	69,999

Reserves-Based Lending Facility

	As at		As at
($000s)	December 31, 2018		December 31, 2017
Reserves-based lending facility - amount drawn	$	8,221	$	11,225
Deferred financing costs	—		(18		)
	$	8,221	$	11,207