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TransGlobe Operation Update in West Gharib Concession

Source: www.gulfoilandgas.com 6/29/2011, Location: Africa

TransGlobe Energy Corporation provides an update of current operations in Egypt.

West Gharib second quarter average to-date production has increased to approx. 11,370 Bopd, up 30% from first quarter average production of 8,738 Bopd. Two drilling rigs continue to focus on the development of the Upper and Lower Nukhul reservoirs in the Arta / East Arta fields, with a third rig currently working in the Hoshia field. Total production for the second quarter average to-date has increased to approx. 11,850 Bopd, including production from Block 32 in the Republic of Yemen. Production of approx. 2,300 Bopd from Block S-1 in Yemen continues to be shut-in since March 17, 2011.

TransGlobe has collected in excess of $68 million year-to-date from the Egyptian Government related to West Gharib oil sales.

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