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|News
      From... |  | #2900, 330 –5th Avenue, S.W.
      Calgary, Alberta, Canada T2P 0L4
      Tel:[403]
        264 9888
        Fax:[403]
        264-9898
      E-mail:trglobe@trans-globe.com
        Website:http://www.trans-globe.com
|------------------ |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



TRANSGLOBE ENERGY CORPORATION ANNOUNCESFILING OF ITS 2003 YEAR END DISCLOSURE DOCUMENTS

TSX: "TGL" & AMEX: "TGA"

Calgary, Alberta, Wednesday, May 19, 2004 - TransGlobe Energy
  Corporation ("TransGlobe" or the "Company") today filed its Initial Annual Information
  Form, which includes TransGlobe's reserves data and other oil and gas information
  for the period ended December 31, 2003 as required by National Instrument 51-101
  Standards of Disclosure for Oil and Gas Activities of the Canadian Securities
  Administrators. As TransGlobe intends to rely on the Initial Annual Information
  Form for the purposes of National Instrument 44-101  Short Form Prospectus
  Distributions, it is required to be reviewed by Canadian securities regulatory
  authorities of one or more jurisdictions and, accordingly, the information contained
  therein may be subject to change.

Copies of TransGlobe's disclosure documents may be obtained
  at www.sedar.com.

TransGlobe Energy Corporation, headquartered in Calgary, Alberta,
  is an international explorer and producer of oil and gas. The Company has oil
  and gas production in Canada and in two projects in the Republic of Yemen. TransGlobe
  expects to continue production growth both in Canada and Yemen through an aggressive
  drilling and development program for the balance of 2004 and 2005. More information
  about TransGlobe and its projects can be found at www.trans-globe.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 | For further information, please contact: 
|----------------------------- | -----------------------------------------
|                              |                                          
|                              | Ross G. Clarkson, President & C.E.O.     
|s/s Ross Clarkson             | - or -                                   
|                              | Lloyd W. Herrick, Vice President & C.O.O.
|                              |                                          
|Ross G. Clarkson,             | Executive Offices:                       
|President & C.E.O.            | #2900, 330 5thAvenue, S.W.,             
|                              | Calgary, AB T2P 0L4                      
|                              |                                          
|                              | Tel: (403) 264-9888 Fax: (403) 264-9898  
|                              | Website: http://www.trans-globe.com      
|                              | E-mail: trglobe@trans-globe.com          

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