Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** TransGlobe Energy Ops Update, Yemen ***

Hi James,
FYI....

TransGlobe Energy Corporation Announces Operations Update, Block 32 Yemen

Tuesday January 31, 10:12 am ET

CALGARY, Alberta--(BUSINESS WIRE)--Jan. 31, 2006--TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News; "TransGlobe" or the "Company") announces operations update on Block 32 in the Republic of Yemen.

Block 32, Yemen (13.81% working interest)

The Godah #1 exploration well was drilled as a separate structure approximately 14 km east of the Tasour Field. The main target is the Qishn S1A sandstone and the well has now reached a total depth of 1,712 meters. Interpretation of wireline logs, pressure data and fluid samples confirm the presence of oil and gas in the Qishn reservoir. The well will now be side-tracked down-dip of the current location, the objective being to penetrate a full oil bearing Qishn S1A section. Based on the outcome of the side-track, a production test will be considered. Should a test confirm the well to flow oil at commercial rates, the well will be tied back to the Tasour main CPF facilities, resulting in increased production and reserves within Block 32.

http://biz.yahoo.com/bw/060131/20060131005702.html?.v=1


P.S. Lose that AGT asap.... it sucks to be them!