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Release

TransGlobe Energy Corporation Announces Commencement of Drilling on Block S-1 and Development Approval on Block 32 Republic of Yemen

CALGARY, ALBERTA--TransGlobe Energy Corporation (TSE symbol "TGL";
OTC-BB symbol "TGLEF") announced the start of drilling on the 
first of three exploration wells on Block S-1 and the approval of 
the Development Plan on Block 32 in the Republic of Yemen. 

BLOCK S1, YEMEN 

Vintage Petroleum International Inc., a 100 percent subsidiary of 
Vintage Petroleum Inc. ("VPI" NYSE) has started drilling the first
of three exploration wells on Block S-1 in the Republic of Yemen. 
The first three wells are targeting prospects with a combined 
reserve potential of  100 million barrels of recoverable oil.  

The first well will test the An Naeem structure, a three kilometre
extension of the Halewah field. Jannah Hunt Oil Co. (JHOC, a 
subsidiary of Yemen Hunt Oil Co.) currently produces approximately
25,000 bopd from 12 wells in the Halewah field.  The close 
proximity to the pipelines and infrastructure installed by JHOC 
and Yemen Hunt Oil Co. will significantly shorten the time period 
and expenditures required to commence oil production.  Block S-1 
is adjacent to the Yemen Hunt Oil Co. block which has proven 
reserves of approximately 900 million barrels of oil and 7 TCF of 
gas. 

The three wells comprise a portion of a farm out commitment by 
Vintage.  The farm out agreement allows Vintage to earn a 75 
percent working interest in Block S-1 by funding 100 percent of 
the first US$20,000,000 of the Block S-1 exploration work.  
TransGlobe will retain a 25 percent working interest after Vintage
earns. The current drilling program will consist of the drilling 
and testing of three separate structures identified by the 1999 
3-D seismic program. 

BLOCK 32, YEMEN 

The Ministry of Oil and Mineral Resources ("MOMR") approved the 
development plan for the Tasour field located within the Block 32 
Development Area of 380 square kilometres (approximately 151,000 
acres). The Development Area encompasses all of the Tasour 
structure as well as several additional prospects that could be 
drilled in the future.  The Development/Production period will 
extend until 2020 with an optional five year extension also 
possible. 

The Block 32 Joint Venture Group development plan for the Tasour 
field consists of the construction of production facilities and a 
65 kilometre (40 miles) pipeline to connect with Canadian 
Occidental's export pipeline to the coast. Initial production is 
targeting 5,000 to  7,000 bopd (approximately 500 to 700 bopd net 
to TransGlobe) from the two existing Tasour oil wells (Tasour #1 &
#3).  Completion of facilities and pipeline construction is 
projected for September 2000 with first oil sales expected during 
October 2000.  

A seismic acquisition program to define additional Tasour 
development locations and to firm up additional exploratory 
locations commenced on February 21, 2000. Results of the seismic 
evaluation will be used to finalize a drilling program planned for
late 2000. Depending on the results of the development wells, 
production could increase to 15,000 to 20,000 bopd (approximately 
1,500 to 2,000 bopd net to TransGlobe) by mid 2001.  

Once constructed and operational, the production facilities will 
allow for cost effective early production from future exploration 
locations. By utilizing the Tasour facilities and pipeline 
discoveries of new oil can be rapidly converted into early cash 
flow, significantly enhancing future investments in Block 32.  


/T/

The Block 32 Joint Venture Group consists of; 

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TG Yemen Holdings Inc. (100% owned
 subsidiary of TransGlobe Energy Corporation)               9.81%
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DNO ASA (operator)                                            20%
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Norsk Hydro                                                   25%
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Ansan Wikfs (Hadramaut) Inc.                               45.19%
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/T/

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 

-30-

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

or

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

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