TransGlobe Energy Corporation announces that An Nagyah #24, which commenced drilling February 25 2007, reached a total measured depth of 2,050 meters and was completed as a producing oil well after flowing at an initial rate of 2,252 barrels of light (43 degree API) oil per day and 0.6 million cubic feet of gas per day at a flowing pressure of 400 psi on a 48/64 inch choke.

The An Nagyah #24 well was drilled 791 meters horizontally in the Lam A sandstone reservoir. The well will be placed on production through a pipeline connected to the An Nagyah facilities.

The drilling rig is currently drilling An Nagyah #25 as a Lam A vertical gas injection well on the western side of the main An Nagyah pool.

The An Nagyah #25 gas injector is an integral part of the project to inject natural gas from the An Naeem pool into the western portion of the An Nagyah Lam A pool. The planned gas injection will provide additional pressure support in the western portion of the field to improve production performance and increase recoverable reserves.

Gas injection is expected to commence during the second half of 2007, after the 25 kilometer pipeline from An Naeem to the An Nagyah central production facility ("CPF") is completed. The completion of the first phase of the An Nagyah CPF in May will allow increased production from An Nagyah as well as recovery of condensate from the injected gas. Condensate is blended with the produced oil and will increase oil sales.