TransGlobe Energy Corporation announced that, at its annual general and special meeting of shareholders held on May 8, 2013 Fred J. Dyment has been appointed as a director.

TransGlobe Energy Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, revenue was $79,412,000 against $77,213,000 last year. Earnings before income taxes were $48,799,000 against $32,560,000 last year. Net earnings and comprehensive income was $24,878,000 or $0.26 per diluted share against $10,975,000 or $0.15 per diluted share last year. Net cash generated by operating activities was $51,900,000 against $1,771,000 last year. Additions to intangible exploration and evaluation assets were $3,476,000 against $271,000 last year. Additions to petroleum properties assets were $14,677,000 against $3,961,000 last year. Additions to other assets were $40,000 against $240,000 last year. Funds flow from operations was $36,005,000 or $0.44 per diluted share against $36,088,000 or $0.48 per diluted share last year. Capital expenditures were $18,193,000 against $4,472,000 last year. The company reported average production volumes of 18,001 Bopd against 16,795 Bopd a year ago. Average sales volumes were 17,909 Bopd against 16,720 Bopd a year ago. The increase in production over fourth quarter of 2012 was due to production increases at West Gharib and West Bakr late in the quarter. West Gharib production has steadily increased in 2013, averaging 12,970 barrels a day in the quarter and almost 13,800 barrels a day in April. West Bakr production averaged 4,359 barrels a day during the quarter, which was an 8% decrease from the previous quarter. This is primarily due to a higher than normal number of sand cleanouts and pump changes in the January, February period when production was in the 4,200-barrel-a-day range. Production in March and April increased to the 4,700-barrel-a-day range. Production for 2013 is expected to average between 21,000 and 24,000 Bopd. The range is due to a number of variables outside of the company's control such as government approvals relating to the start of South Alamein production, development drilling results in Egypt and the return to operations of Block S-1 in Yemen. The company expected West Bakr production to grow to the 5,500 to 6,000-barrel-a-day range in the near term based on recent drilling results. The company provided earnings guidance for the year 2013. For the period, the company expects funds flow from operations of $161.0 million or $2.13 per share, which is based on an annual average Dated Brent oil price of $100/Bbl and using the mid-point of the production guidance. The company expects capital budget of $129.0 million.

TransGlobe Energy Corp. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 07, 2013