TransGlobe Energy Corporation Announces North Dabaa Well Test

TransGlobe Energy Corporation Announces North Dabaa Well Test 
CALGARY, ALBERTA -- (Marketwired) -- 08/28/13 -- TransGlobe Energy
Corporation (TSX:TGL) (NASDAQ:TGA) ("TransGlobe" or the "Company") is
pleased to announce a successful Jurassic gas/condensate test in the
Western Desert at North Dabaa 1X. All dollar values are expressed in
United States dollars unless otherwise stated. 
ARAB REPUBLIC OF EGYPT  
East Ghazalat Block, Arab Republic of Egypt (50% working interest,
non-operated) 
The North Dabaa 1X exploration well was drilled to a total depth of
14,740 feet and cased as a Cretaceous oil and Jurassic gas condensate
discovery. Based on open hole well logs and samples, the well
encountered approximately 8 feet of net oil pay in the Abu Roash
formation and 23 feet of net gas/condensate pay in the Khatatba
formation.  
The Khatatba formation (9,882-9,906 ft) was completed and flow tested
using the drilling rig for a total duration of 72.5 hours. During
this period, approximately 48.9 million cubic feet of gas ("MMcf")
and 4,893 barrels ("Bbl") of 56.9 degrees API condensate were
recovered on choke sizes varying from 18/64 inch to 64/64 inch and
corresponding wellhead drawdowns of 2% to 44%. This represents
average rates during the entire flow test of 16.2 million cubic feet
of gas per day ("MMcfd") and 1,620 barrels per day ("Bpd") of
condensate. An extended flow period of 26 hours was performed on a
64/64 inch choke during the test resulting in rates of 26.0 MMcfd of
gas and 2,571 Bpd of condensate. Shut-in periods were conducted
during the test however a detailed well test analysis has not been
performed. The test results should be considered as preliminary and
are not necessarily indicative of long-term performance. The well was
suspended and the drilling rig was released. The new pool discovery
will require additional drilling to determine the extent and
commerciality of the discovery. 
The Abu Roash oil zone will be completed and production tested at a
future date using a work over rig.  
The North Dabaa 1X exploration well was drilled, cased, completed and
tested for a total estimated cost of $6.6 million ($3.3 million to
TransGlobe). 
The North Dabaa 1X discovery is located approximately 1.4 kilometers
east of the Company's newly awarded 100% working interest South
Ghazalat concession which is awaiting Government ratification. 
TransGlobe Energy Corporation is a Calgary-based, growth-oriented oil
and gas exploration and development company focused on the Middle
East/North Africa region with production operations in the Arab
Republic of Egypt and the Republic of Yemen. TransGlobe's common
shares trade on the Toronto Stock Exchange under the symbol TGL and
on the NASDAQ Exchange under the symbol TGA. TransGlobe's Convertible
Debentures trade on the Toronto Stock Exchange under the symbol
TGL.DB. 
Cautionary Statement to Investors:  
This news release may include certain statements that may be deemed
to be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. Such statements
relate to possible future events. All statements other than
statements of historical fact may be forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking statements. Although TransGlobe's forward-looking
statements are based on the beliefs, expectations, opinions and
assumptions of the Company's management on the date the statements
are made, such statements are inherently uncertain and provide no
guarantee of future performance. Actual results may differ materially
from TransGlobe's expectations as reflected in such forward-looking
statements as a result of various factors, many of which are beyond
the control of the Company. These factors include, but are not
limited to, unforeseen changes in the rate of production from
TransGlobe's oil and gas properties, changes in price of crude oil
and natural gas, adverse technical factors associated with
exploration, development, production or transportation of
TransGlobe's crude oil and natural gas reserves, changes or
disruptions in the political or fiscal regimes in TransGlobe's areas
of activity, changes in tax, energy or other laws or regulations,
changes in significant capital expenditures, delays or disruptions in
production due to shortages of skilled manpower, equipment or
materials, economic fluctuations, and other factors beyond the
Company's control. TransGlobe does not assume any obligation to
update forward-looking statements if circumstances or management's
beliefs, expectations or opinions should change, other than as
required by law, and investors should not attribute undue certainty
to, or place undue reliance on, any forward-looking statements.
Please consult TransGlobe's public filings at www.sedar.com and
www.sec.gov/edgar.shtml for further, more detailed information
concerning these matters. 
Contacts:
TransGlobe Energy Corporation
Scott Koyich
Investor Relations
403.262.9888
investor.relations@trans-globe.com
www.trans-globe.com
 
 
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