Stock Quote:
TGL  $ 1.97  $ -0.03
TGA  $ 1.57  $ -0.04
BZZ17  $ 57.53  $ 0.3

Release

TransGlobe Energy Corporation Announces Listing of TransGlobe Energy Options on the Chicago Board Options Exchange

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - TransGlobe Energy 
Corporation (TSX:TGL) (AMEX:TGA) ("TransGlobe" or the "Company") is 
pleased to announce that beginning on Thursday, March 3, 2005 the 
Chicago Board Options Exchange (CBOE) will list TransGlobe Energy 
Corporation options (AMEX and CBOE ticker symbol TGA).

TGA options will trade on the March expiration cycle, with introductory 
expirations in March, April, June and September. Initial strike prices 
have been set at 5, 7 1/2 and 10, with position limits of 75,000 
contracts. Group One Trading, LP has been named the Designated Primary 
Market Maker (DPM) in the options.

CBOE, the world's largest options marketplace and the creator of listed 
options, is regulated by the Securities and Exchange Commission (SEC). 
For additional information about the CBOE and its products, access the 
CBOE website at: www.cboe.com.

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, exploitation and exploration 
successes, continued availability of capital and financing, and general 
economic, market or business conditions.

/T/

TRANSGLOBE ENERGY CORPORATION

s/s Ross Clarkson

Ross G. Clarkson
President & CEO

/T/

-30-

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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