TransGlobe Energy Corporation Announces Declaration of Quarterly Dividend

TransGlobe Energy Corporation Announces Declaration of Quarterly Dividend 
FOR: TransGlobe Energy Corporation 
AUGUST 12, 2014 
TransGlobe Energy Corporation Announces Declaration of Quarterly Dividend 
CALGARY, ALBERTA--(Marketwired - Aug. 12, 2014) - TransGlobe Energy Corporation
(TSX:TGL) (NASDAQ:TGA) ("TransGlobe" or the "Company")
announces that its Board of Directors has declared a quarterly dividend of
US$0.05 per common share, which will be paid in cash on September 30, 2014 to
shareholders of record on September 15, 2014. 
The quarterly dividend is designated as an eligible dividend under the Income
Tax Act (Canada). 
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. In particular, this press release
contains forward-looking statements regarding the Company's plans to issue
a quarterly and a special dividend to shareholders. 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, including obtaining bank lender and
regulatory approval for the payment of the proposed dividends.  
The ability of the Company to declare and pay dividends in the future are
subject to factors which 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. With respect to forward-looking statements
contained in this press release regarding the Company's ability to pay
dividends in the future, assumptions have been made regarding, among other
things: the Company's ability to obtain qualified staff and equipment in a
timely and cost-efficient manner; the regulatory framework governing royalties,
taxes and environmental matters in the jurisdictions in which the Company
conducts and will conduct its business; future capital expenditures to be made
by the Company; future sources of funding for the Company's capital
programs; geological and engineering estimates in respect of the Company's
reserves and resources; and the geography of the areas in which the Company is
conducting exploration and development activities. 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 and
for further, more detailed information concerning these matters, including
additional risks related to TransGlobe's business. 
TransGlobe Energy Corporation
Investor Relations
Steve Langmaid
(403) 444-4787 
INDUSTRY:  Energy and Utilities - Oil and Gas  
-0- Aug/12/2014 09:00 GMT
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