TransGlobe Energy Corporation

Growth Strategies

TransGlobe’s quest is to become a significant energy producer in the Middle East/North Africa region. The Company’s growth strategy is built on three pillars:

1. Achieve/maintain a high percentage of operatorship -TransGlobe operates all its properties in Egypt, providing control of the drilling pace and choice of locations.
2. Diversified portfolio - TransGlobe's operations contain a multi-year inventory of drilling prospects that range from low-risk development wells to higher-risk, high-reward exploration locations, and include oil as well as natural gas opportunities.
3. Prudent financial management - TransGlobe maintains a very healthy balance sheet, with a debt-to-funds-flow ratio of 0.9:1 at March 31, 2010, enabling the Company to fully fund its capital expenditures from funds flow and cash on hand.