Company Overview: TransGlobe Energy
In 1996 the Company name was changed to TransGlobe Energy Corporation. With the appointment of new senior management at the end of 1996, TransGlobe has emerged as a vigorous new contender in the international oil and gas business.
We plan an exciting drilling program on Block S-1 commencing in early 2000. TransGlobe plans to increase western Canadian gas production by drilling several exciting gas prospects in 2000. On Block 32 in Yemen the Company will participate in the development of the Tasour field. Initial production is targeting 5,000 to 7,000 bopd (approximately 500-700 bopd to TransGlobe) from the two existing Tasour oil wells. Few other companies of TransGlobe's size have projects offering so much potential for so little capital.
Stock Exchang: OTC
Stock Ticker: TGLEF