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TransGlobe Energy Corporation Announces Update on Republic of Yemen Operations

CALGARY, ALBERTA--TransGlobe Energy Corporation ("TransGlobe" or 
the "Company") (TSX symbol "TGL"; OTC-BB symbol "TGLEF") is 
pleased to announce increased production rates on Block 32 in the 
Republic of Yemen. 

Block 32, Yemen (13.81% working interest) 

The oil production from the Tasour-field was increased to more 
than 17,500 BOPD at the end of January (TransGlobe's share 2,417 
Bopd before royalties and tax) due to the installation of 
increased pump capacity for the export pipeline. Additional work 
on the export pump system to expand the shipping capacity to 
25,000 Bopd is expected to be complete by the end of February. 
Currently there are three wells shut in as the production 
capability exceeds the export pump capacity. With the completion 
of the additional work, Tasour field has the capacity to produce 
more than 20,000 Bopd with all six wells on full production. 

Drilling of a well on the Haibish structure to the northwest of 
Tasour is now almost completed. The well did not encounter 
hydrocarbons of commercial quantities. TransGlobe's share of the 
well costs (approximately US$170,000) will be recovered from 
future cost-oil from Tasour production. The drilling rig will be 
moved to a non-owned adjacent block for one well as part of a 
multi-well rig sharing contract to reduce costs. It is expected 
that the drilling rig will be available to the Block 32 Joint 
Venture group in June 2003, to drill a development well at Tasour 

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. 


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


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


TransGlobe Energy Corporation
Lloyd W. Herrick
Vice President & C.O.O.
(403) 264-9888
(403) 264-9898 (FAX)

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