TransGlobe Announces Well Results at Set #1, Nuqra Block 1, Egypt

TransGlobe Energy Corporation announced well results at Set #1, Nuqra Block 1, Egypt (50% working interest). The Set #1 exploration well was drilled to a total measured depth of 1,372 meters (4,500 feet) and subsequently plugged and abandoned. No hydrocarbons were encountered in the Cretaceous and Jurassic sands.

The Set #1 exploration well was the first of a two-well commitment targeting Cretaceous and Jurassic prospects in the Nuqra/Kom Ombo rift basin located near Aswan, Egypt.

The drilling rig is currently moving to the second exploration commitment well at Narmer #1, located approximately 30 kilometers east of Set #1. It is expected that Narmer #1 will commence drilling on March 24 and take approximately 40 days to drill and evaluate.

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