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Release

TransGlobe Energy Corporation Announces Well Results, Block S-1 Yemen

CALGARY, ALBERTA--(CCNMatthews - Dec. 30, 2005) - TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX:TGL) (AMEX:TGA) announces well results on Block S-1 in the Republic of Yemen.

Block S-1, Yemen (25% working interest)

The Hatat #1 wildcat exploration well was plugged and abandoned after failing to test hydrocarbons from a 596 meter interval of Granitic Basement. Hatat #1, which commenced drilling on November 26, 2005, reached a total depth of 1,614 meters. Although several fractures with hydrocarbon shows were encountered during drilling, the fractures were non-productive in the Hatat #1 well bore.

The drilling rig is preparing to move to the next drilling location at An Nagyah #19. The An Nagyah #19 well is planned as a horizontal Lam A development well in the producing An Nagyah field.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although TransGlobe believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices, well production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.


TRANSGLOBE ENERGY CORPORATION

s/s Lloyd Herrick

Lloyd W. Herrick

Vice President & COO

TransGlobe Energy Corporation
Ross G. Clarkson
President & C.E.O.
(403) 264-9888
(403) 264-9898 (FAX)

or

TransGlobe Energy Corporation
Lloyd W. Herrick
Vice President & C.O.O.
(403) 264-9888
(403) 264-9898 (FAX)
Email: trglobe@trans-globe.com
Website: www.trans-globe.com

or

Executive Offices
#2500, 605 - 5th Avenue, S.W.,
Calgary, AB T2P 3H5

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