Transglobe Energy Corporation Announces Update on Yemen Operations

Source: www.gulfoilandgas.com 3/15/2005, Location: Middle East

TransGlobe Energy Corporation announces an operations update on Block 32 in the Republic of Yemen. Block 32, Yemen (13.81% working interest)
The Tasour #17 exploration well was drilled to a total depth of 1,904 meters to test a separate Qishn structure to the east of the Tasour Field. The well has been plugged and suspended after encountering Qishn S-1A sand in a structurally low position. Although hydrocarbon shows were encountered, no tests were conducted as it was determined that the Qishn S-1A sand was water bearing.

A 70 kilometer 2-D seismic shoot is scheduled to get under way during the second quarter, to define several exploration leads to the north and west of the Tasour field.

The drilling rig is scheduled to move to a non-owned adjacent block for a two well program before returning to Block 32 for additional drilling. It is anticipated that the drilling rig will return to Block 32 in June of 2005 for a 2 well program.



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