CALGARY, Alberta, January. 7, 2008 (PrimeNewswire over COMTEX) — TransGlobe Energy corporation (TSX:TGL) (AMEX:TGA) announced today that its Board the directors die decision approved, in order to switch an acting its general stock into, United States of american stock exchange Select Market to NASDAQ the global, its highest highest tiered acting platform Die change is effective with the beginning of acting on January 17, 2008. Kw_Company the will kept its singular acting symbol “TGA.” Ross Clarkson, CEO and President from TransGlobe energy said: “Directly after our new acquisition in Egypt, our production increases of the third trimester and our extending presence in Yemen and Egypt, the we, die decision, to to NASDAQ global Select Market. We to switch is formed, is them convinced that die increased view, die is produced will ford ago of NASDAQ, our institution possession to strengthen and supply increased liquidity.” Over TransGlobe energy TransGlobe is die energy participated in the research, development and production the crude oil and the natural gas in the republic of Yemen, die Arab republic of Egypt and of Alberta, Canada an growth oriented international energy company. TransGlobe holds interests in for more over 1,34 million rough mornings in Yemen (368,000 net mornings) and 5,5 million morning in Egypt (2,7 million net morning). Financially strongly, has TransGlobe seven following years of the net income reported. Over NASDAQ is NASDAQ(r) largest United States electronic stock market. With approximately 3,200 companies it registers more companies and, on average, its systems trade more portions per day, than each possible other United States are market. NASDAQ to the companies, die leaders over all ranges business including the technology, einzelverkauf, communications, financial services, transport, means head is and biotechnology NASDAQ the Primaermarket for acting the NASDAQ registered stocks is. Caution newsletter to shareholders This release includes certain statements, die may you are meant statements “,” within the meaning US Private collateral law case improvement Act of 1995 forward of to look. All statements in this release, more other, than statements about historical facts, production, address die future reserve potential, research drilling, utilization activities and cases or developments, die Company expected, to statements forward looking. Although TransGlobe believes, die expectations, die in such forwardlooking statements are based to be expressed, on appropriate acceptance, are not more differ material such statements not warranties of the future achievement and actual results or developments may of those in the forwardlooking statements. Factors, die cause actual results to more differ material from those in forwardlooking statements include oil and gas prices, well production achievement, utilization and Erforschungin to take place knew, set usefulness of capital and of financing and general economic, market or business conditions fort. Kw_toronto stock the exchange does not have responsibility for die suitability repeated not and assumes, or accuracy this press of the release This news release was distributed by PrimeNewswire, www.primenewswire.com SOURCE: TransGlobe Energy corporation TransGlobe Energy corporation Ross G. Clarkson, President and C.E.O. Lloyd W. Herrick, VizePresident and C.O.O. (403) Fax 264-9888: (403) 264-9898 trglobe@trans globe.com http://www.trans globe.com leading positions: # 2500, 605 - 5. Avenue, S.W., Calgary, STARTING FROM T2P 3H5 Â © copyright 2007 PrimeNewswire, Inc.. all rights reserve.
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