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TransGlobe Energy Corporation Announces Update on Yemen Activities

CALGARY, ALBERTA--TransGlobe Energy Corporation (TSE symbol "TGL";
OTC-BB symbol "TGLEF") announces that the third exploration well 
on Block S-1 has been cased and several potential oil zones will 
be tested in the well.   

Block S-1, Yemen (25% working interest) 

Vintage Petroleum International Inc., a 100 percent subsidiary of 
Vintage Petroleum Inc. (NYSE symbol "VPI") operator of Block S-1, 
has drilled and cased the third exploration well, Fordus #1.  
Testing on Fordus #1 is expected to commence following the testing
of the second exploration well, Harmel #1.  A completion rig 
presently on site at Harmel #1 is commencing a testing program 
that is expected to be completed in September.  

The drilling rig was moved to the fourth location, An Naeem #2, 
which started drilling on August 8th.  The An Naeem #2 well will 
test for the existence of an oil rim downdip of the gas and 
condensate tested in the Alif formation in the An Naeem #1 well 
drilled earlier this year.  An Naeem #1 tested 40 MMcfd and 1,020 
barrels of condensate per day from the Alif formation.   

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
(403) 264-9898 (FAX)


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

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