Stock Quote:
TGL  $ 1.75  $ 0.03
TGA  $ 1.37  $ 0.03
BZG18  $ 64.74  $ 1.34

Release

Transglobe Energy Corporation to Trade on American Stock Exchange Starting November 10, 2003

CALGARY, ALBERTA--TransGlobe Energy Corporation ("TransGlobe" or 
the "Company") is pleased to announce that its common stock will 
trade on the American Stock Exchange (AMEX) under the ticker 
symbol TGA starting November 10, 2003. The Company's stock will 
also continue to trade on the Toronto Stock Exchange (TSX) under 
the symbol TGL. 

"We are very pleased to move to a senior U.S. exchange" said Ross 
Clarkson, President and CEO. "We are anticipating that the AMEX 
will provide our shareholders with a more liquid market and 
expose TransGlobe to a broader spectrum of U.S. investors." 

Brendan E. Cryan and Company LLC will be the AMEX specialist for 
TGA. The Company's CUSIP number remains the same and there is no 
need for shareholders to exchange their certificates or those 
held in street name. 

TransGlobe Energy Corporation, headquartered in Calgary, Alberta, 
is an international explorer and producer of oil and gas. The 
Company has oil and gas production in Canada and in two projects 
in the Republic of Yemen. TransGlobe has recorded an average oil 
and gas production growth rate of 86% per year over the past four 
years. TransGlobe is planning to continue production growth 
through an aggressive drilling and development program for 
2004/2005. More information about TransGlobe and its projects can 
be found at www.trans-globe.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



Ross G. Clarkson,
President & C.E.O.


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

/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

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