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

Release

TransGlobe Energy Corporation Announces Update On Yemen Activities

CALGARY, ALBERTA--TransGlobe Energy Corporation (TSE symbol "TGL";
OTC-BB symbol "TGLEF") announces that the second exploration well 
on Block S-1 has been drilled and cased as a potential oil well.  
On Block 32, development work is on schedule and under budget, 
with first oil production planned for October 2000. 

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 second well (Harmel #1) as a potential 
oil well.  A service rig is being mobilized to carry out 
production testing on several zones.  Testing is expected to 
commence in the next three weeks. 

The drilling rig will be moved to the third location, Fordus #1, 
located approximately 12 kilometers (8 miles) southeast of Harmel 
#1.  Fordus #1 will test a separate structure with multi-zone 
potential for hydrocarbons. 

Vintage and TransGlobe have decided to expand the current drilling
campaign to four wells, subject to Ministry of Oil and Mineral 
Resources approval.  The fourth well will be drilled on the An 
Naeem structure, down dip of the An Naeem #1 discovery well.  An 
Naeem #1 tested 40 MMcfd and 1,020 barrels of condensate per day. 
Analysis of the well test results strongly supports the presence 
of oil in a structurally lower position than was tested in An 
Naeem #1. The An Naeem #2 well will be drilled immediately 
following the Fordus #1 well.  

BLOCK 32, YEMEN (9.81% WORKING INTEREST) 

DNO ASA, the operator of Block 32, advises that the Tasour field 
development work is proceeding on schedule and slightly under 
budget.  Tasour field development consists of the construction of 
production facilities and a 65 kilometer (40 mile) pipeline to 
connect with Canadian Occidental's export pipeline. Approximately 
95% of the pipeline has been built. Completion of the Tasour 
Central Production facility and the export pipeline connection is 
expected in early September 2000.  Initial production of 5,000 to 
7,000 bopd is expected in October 2000 (approximately 500 to 700 
bopd to TransGlobe). 

On June 15th the Block 32 partnership approved a two well drilling
program planned for the fourth quarter of 2000.  Depending on the 
results of the development wells, production could increase from 
10,000 to 15,000 bopd (approximately 1,000 to 1,500 bopd to 
TransGlobe) by early 2001.  

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  

TRANSGLOBE ENERGY CORPORATION 

Ross G. Clarkson, 

President & CEO 

-30-

TransGlobe Energy Corporation
Ross G. Clarkson
President & CEO
(403) 264-9888
(403) 264-9898 (FAX)
E-mail: trglobe@trans-globe.com
Website: www.trans-globe.com

or

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

View Print Version