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Release

TransGlobe Energy Corporation Announces Successful Appraisal Well in Republic of Yemen

CALGARY, ALBERTA--(CCNMatthews - Sept. 28, 2004) - TransGlobe Energy 
Corporation ("TransGlobe" or the "Company") is pleased to announce a 
successful development well at Tasour #13.

BLOCK 32, REPUBLIC OF YEMEN (13.81% working interest)

Successful appraisal well at Tasour #13:

Tasour #13 is a step-out appraisal well on the western flank of the 
Tasour Field in Block 32 and was put on production with initial 
production of 2,240 barrels of oil per day (309 barrels of oil per 
day to TransGlobe) and 5,740 barrels of water per day. This has 
increased the total oil production from the Tasour Field to 
approximately 19,500 Bopd, of which TransGlobe's share is 
approximately 2,693 Bopd. As a consequence of the positive results 
from Tasour #13 another development well (Tasour #14) will be drilled 
in the same area. This well could be put on stream in early November 
2004.

TransGlobe is a growth oriented international exploration and 
production company with its corporate office in Calgary, Alberta, 
Canada. TransGlobe has achieved a production growth rate of 38% per 
year over the past three years and expects to produce an average of 
3,600 Boepd during 2004. TransGlobe is well positioned for continued 
growth with interests in three production sharing agreements in the 
Republic of Yemen (two producing, one exploration), one exploration 
concession in the Arab Republic of Egypt and producing oil and gas 
properties in Alberta, Canada.

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 David C. Ferguson  
  
David C. Ferguson,
Vice President, Finance and C.F.O.

/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

TransGlobe Energy Corporation
Executive Offices:
#2900, 330 -5th Avenue, S.W.,
Calgary, AB T2P 0L4

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