TransGlobe Energy Corporation Appoints Mr. Gary S. Guidry to Board of Directors
October 06 2009 - 9:40AM
Marketwired
TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA)
("TransGlobe" or the "Company") today announced the appointment of
Mr. Gary S. Guidry to its Board of Directors. Mr. Guidry is the
fifth independent Director of TransGlobe.
Mr. Guidry brings over 30 years of experience in the oil and gas
industry to TransGlobe. He was recently appointed President and CEO
of a new subsidiary company of Sprott Resource Corp. that will
focus on international development projects. Prior to his latest
appointment, Mr. Guidry served as CEO of Tanganyika Oil Company
Ltd., which under his leadership between May 2005 and December 2008
grew production to approximately 25,000 barrels per day of oil and
saw a share price increase from Cdn$6.50/share to Cdn$31.50/share
at the time the company was sold to Sinopec International Petroleum
Exploration and Production Corporation. Previously, Mr. Guidry
served as President and CEO of Calpine Natural Gas Trust; Senior
Vice President and subsequently President of Alberta Energy Company
International, an entity now part of EnCana Corporation; President
and General Manager of Canadian Occidental Petroleum's (now Nexen
Inc.) Nigerian operations. He has directed E&P operations in
Yemen, Syria and Egypt and has worked for oil and gas companies in
the U.S., Venezuela, Argentina and Oman. Mr. Guidry is a petroleum
engineer and a member of APEGGA. He sits on the Board of a number
of public and private companies.
"We are very pleased with the addition of Gary to our Board. His
extensive experience in international operations and in particular
with mergers and acquisitions on the international stage will
strongly enhance TransGlobe's Board of Directors as the Company
continues to grow and expand," stated Robert A. Halpin, Chairman of
the Board of Directors.
TransGlobe Energy Corporation is a Calgary-based,
growth-oriented oil and gas exploration and development company
focused on the Middle East/North Africa region with production
operations in the Arab Republic of Egypt and the Republic of Yemen.
TransGlobe's common shares trade on the Toronto Stock Exchange
under the symbol TGL and on the NASDAQ Exchange under the symbol
TGA.
Contacts: TransGlobe Energy Corporation Anne-Marie Buchmuller
Manager, Investor Relations & Assistant Corporate Secretary
(403) 268-9868 or Cell: (403) 472-0053 anne-marieb@trans-globe.com
www.trans-globe.com
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