Gulf Oil and Gas accountACCOUNT

TransGlobe Operations in West Gharib

Source: www.gulfoilandgas.com 2/3/2011, Location: Africa

The Company's West Gharib production operations have not been affected by the recent political demonstrations in Egypt. The Company continues to the monitor the situation and has daily communication with our Cairo staff and our Joint Venture operating company.

All employees are safe and accounted for The Company will take all steps to adapt to the situation and will attempt to mitigate any adverse consequences.

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