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Transglobe Energy Corporation Announces Gas Discovery in Canada

CALGARY, ALBERTA--TransGlobe Energy Corporation ("TransGlobe" or 
the "Company") (TSE symbol "TGL"; OTC-BB symbol "TGLEF") is 
pleased to announce a successful exploration well at Cherhill, 


TransGlobe tested gas from two separate zones at rates of 1.1 
MMcfd and 3.7 MMcfd at an exploratory well located at Cherhill, 
Alberta (100% working interest). It is anticipated that the well 
will be completed and placed on production during the first 
quarter of 2002. 

The Company is also proceeding with the tie-in of gas wells at 
Morningside and Morinville. It is anticipated the wells will be on
stream during the first quarter of 2002 and will add production of
600-800 Mcfd plus 20-30 Bpd of natural gas liquids to TransGlobe. 

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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