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TransGlobe Energy Corporation Announces Production Start Up in Republic of Yemen

CALGARY, ALBERTA--TransGlobe Energy Corporation (TSE symbol "TGL";
OTC-BB symbol "TGLEF") is pleased to announce the start of oil 
production on Block 32, Republic of Yemen.   

Block 32, Republic of Yemen (9.81% working interest) 

Tasour field production operations were initiated on November 3, 
2000, marking the culmination of four years of exploration and 
development effort. The Tasour #1 well is producing clean oil to 
the production tanks at approximately 4,000 Bopd. The Tasour #1 
rate will be increased and the Tasour #3 and #4 wells will be 
brought into production over the next two weeks to raise the field
production rate to 10,000 Bopd (approximately 1,000 Bopd to 
TransGlobe). The export pipeline will begin filling today and is 
expected to reach the Nexen Inc. central production facility in 
two to three days. The oil will be marketed by Nexen Inc.  Masila 
crude is currently selling at approximately $30.50 ($2.00 less 
than West Texas Intermediate).  

TransGlobe is an international exploration and production company 
with its corporate office in Calgary, Alberta. Along with its 
interest in Block 32, the Company holds a 25% working interest in 
Block S-1 in the Republic of Yemen where it has participated in 
three new discoveries. TransGlobe also has producing properties in
Alberta and British Columbia, 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. 

On behalf of the Board of Directors of 


Ross G. Clarkson, President & CEO 


TransGlobe Energy Corporation
Ross G. Clarkson, President & CEO
(403) 264-9888


TransGlobe Energy Corporation
Lloyd Herrick, Vice President & COO
(403) 264-9888
(403) 264-9898 (FAX)

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