TransGlobe Energy Corporation Provides Production Guidance for the Year of 2021

TransGlobe Energy Corporation is an oil and gas exploration and development company. The Company's activity is concentrated in the Arab Republic of Egypt and Canada. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 22,775 acres; West Bakr, covering over 11,143 acres, and North West (NW) Gharib, covering approximately 11,199 acres. Its blocks in the Western Desert Egypt include South Ghazalat, covering approximately 7,358 acres. It also owns approximately 100 % working interest in Harmattan property, which is located approximately 80 kilometers north of Calgary, Alberta. The property covers approximately 42,183 gross acres of developed land and over 38,732 gross acres of undeveloped land.