TransGlobe Energy Corporation

TransGlobe Energy Corporation

March 02, 2005 16:07 ET

TransGlobe Energy Corporation Announces Listing of TransGlobe Energy Options on the Chicago Board Options Exchange


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRANSGLOBE ENERGY CORPORATION

TSX SYMBOL: TGL
AMEX SYMBOL: TGA

MARCH 2, 2005 - 16:07 ET

TransGlobe Energy Corporation Announces Listing of
TransGlobe Energy Options on the Chicago Board Options
Exchange

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - TransGlobe Energy
Corporation (TSX:TGL) (AMEX:TGA) ("TransGlobe" or the "Company") is
pleased to announce that beginning on Thursday, March 3, 2005 the
Chicago Board Options Exchange (CBOE) will list TransGlobe Energy
Corporation options (AMEX and CBOE ticker symbol TGA).

TGA options will trade on the March expiration cycle, with introductory
expirations in March, April, June and September. Initial strike prices
have been set at 5, 7 1/2 and 10, with position limits of 75,000
contracts. Group One Trading, LP has been named the Designated Primary
Market Maker (DPM) in the options.

CBOE, the world's largest options marketplace and the creator of listed
options, is regulated by the Securities and Exchange Commission (SEC).
For additional information about the CBOE and its products, access the
CBOE website at: www.cboe.com.

This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects, are
forward-looking statements. Although TransGlobe believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include oil and gas prices, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions.



TRANSGLOBE ENERGY CORPORATION

s/s Ross Clarkson

Ross G. Clarkson
President & CEO


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    TransGlobe Energy Corporation
    Ross G. Clarkson
    President & C.E.O.
    (403) 264-9888
    (403) 264-9898 (FAX)
    or
    TransGlobe Energy Corporation
    Lloyd W. Herrick
    Vice President & C.O.O.
    (403) 264-9888
    (403) 264-9898 (FAX)
    Email: trglobe@trans-globe.com
    Website: www.trans-globe.com
    or
    Executive Offices
    #2500, 605 -5th Avenue, S.W.,
    Calgary, AB T2P 3H5