TGL Triumphs over Setbacks

ALEXANDER KLEIN, Dundee Securities (03/22/2011)
"Success with the drill bit on the Nukhul play at Arta and East Arta continues to drive production growth. . .If the Marib to Ras Eisa pipeline is repaired in the near-term and Block S-1 production restored, corporate production will be approximately 14,300 bbls/d assuming no material changes to current production levels. . .this rate would be in excess of TransGlobe's 2011 corporate guidance of 14,050 bbls/d. . .and would be approaching our 2011 average production forecast of 14,958 bbls/d."

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