11:54 AM EST - TransGlobe Energy Corporation : TransGlobe Energy Corporation (TSX:TGL)announced a new Lam A oil producer at An Nagyah #24 and an operations update. Block S-1, Republic of Yemen (25% working interest)An Nagyah #24, which commenced drilling February 25 2007, reached a total measured depth of 2,050 meters and was completed as a producing oil well after flowing at an initial rate of 2,252 barrels of light (43 degree API) oil per day and 0.6 million cubic feet of gas per day at a flowing pressure of 400 psi on a 48/64 inch choke. The An Nagyah #24 well was drilled 791 meters horizontally in the Lam A sandstone reservoir. The well will be placed on production through a pipeline connected to the An Nagyah facilities. TransGlobe Energy Corporation
shares T.TGL are trading up 7 cents at $4.55.
