Formerly etysot

[rpt]

If your looking for a Great O & G
company....Do some DD on TGA
News out again this morning.

TransGlobe Energy Corporation Announces Year End Reserve Increases In All Operational Areas
Monday January 31, 7:37 pm ET


CALGARY, Alberta--(BUSINESS WIRE)--Jan. 31, 2005--TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News; "TransGlobe" or the "Company") is pleased to announce reserves and production for 2004 in the Republic of Yemen and in Canada.
Reserves:

Total Proven reserves for the Company increased 78% from 3,746 MBoe ("MBoe" thousand barrels of oil equivalent at 6 : 1) at December 31, 2003; to 6,665 MBoe at December 31, 2004. The increase of 2,919 MBoe replaced approximately 307% of 2004 production. The major increases in proven reserves were attributable to the An Nagyah field on Block S-1, Yemen and new drilling in Canada.

Total Proven plus Probable reserves for the Company increased 48% from 7,037 MBoe at December 31, 2003 to 10,427 MBoe at December 31, 2004 replacing approximately 340% of 2004 production. The major increases in Proven plus Probable reserves were attributable to the An Nagyah field on Block S-1, Yemen, continued reservoir performance in the Tasour field on Block 32, Yemen and new drilling in Canada.

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