TransGlobe Energy Corporation (TransGlobe) is primarily engaged in the exploration for, and the development and production of, oil and gas in Egypt, Yemen and Alberta, Canada. The Company?s subsidiaries include TransGlobe Oil & Gas Corporation, TransGlobe Petroleum International Inc., TG Holdings Yemen Inc. and TransGlobe Petroleum Egypt Inc. During the year ended December 31, 2007, TransGlobe had developed its business interests through a combination of acquisitions and exploration and development. During 2007, TransGlobe's primary focus has been on two concessions in Egypt (a 50% working interest in Nuqra Block 1 and 100% working interest in the West Gharib Concession), five PSCs in Yemen (a 13.81087% working interest in Block 32, a 25% working interest in Block S-1, a 33% working interest in Block 72, a 33% working interest in Block 84 and a 25% working interest in Block 75) and in central Alberta, Canada.(Source: ARS)
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