TransGlobe Energy Corporation Announces Declaration of Quarterly Dividend

TransGlobe Energy Corporation Announces Declaration of Quarterly Dividend 
CALGARY, ALBERTA -- (Marketwired) -- 08/12/14 --   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
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
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