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TransGlobe Energy provides 2009 year-end reserves


Published Jan 29, 2010
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Transglobe Energy Corporation announces new field discovery in Republic of Yemen and 2006 forecast-Spotlight

TransGlobe Energy Corporation declares its 2009 year-end reserves.

The Company's 2009 and 2008 year-end reserves were prepared by the independent reserves evaluation firm of DeGolyer and MacNaughton Canada Limited (DeGolyer), in accordance with National Instrument 51-101. Following is a summary of DeGolyer's evaluation for the year ended December 31, 2009 with comparatives to the year ended December 31, 2008.

The recovery and reserve estimates of crude oil, natural gas liquids (NGLs) and natural gas reserves provided in this news release are estimates only, and there is no guarantee that the estimated reserves will be recovered. Actual crude oil, NGL and natural gas reserves may be greater than, or less than, the estimates provided herein. All reserves presented are based on DeGolyer's forecast pricing effective December 31, 2009 and December 31, 2008, respectively.

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