TransGlobe Energy Corporation

Operations

TransGlobe’s combined properties contain a multi-year prospect inventory in prolific international hydrocarbon basins, focused in the Middle East.

TransGlobe became an international operator through its farm-in at Nuqra the Arab Republic of Egypt in July 2004, attaining an objective the Company’s management team had focused on for a number of years. Additional acquisitions in Egypt – notably in the West Gharib area – followed in 2007 and 2008. TransGlobe’s team quickly demonstrated its significant technical and operational skills, applying technology and capital to the low-risk, development-oriented fields and achieving production increases in short order. Within 18 months of acquiring operatorship, gross production has more than doubled to over 7,000 Bopd.

Since 1996,  the Company has also held interests ranging from 13 to 33 percent in five international blocks in the Republic of Yemen. The Company is a non-operating partner with reputable, experienced energy producers, Occidental Petroleum Corporation (United States) and DNO International ASA (Norway), operating the projects in West Yemen and East Yemen, respectively. The Yemen properties offer both higher risk exploration and low risk development opportunities, where the rewards from successful drilling could be significant.