– CANADA, Calgary – TransGlobe Energy Corporation (LON:TGL | TSX:TGL | NASDAQ:TGA) today announced the appointment Dr. Carol Bell as an Independent Non-Executive Director effective January 1, 2019, and confirmed an update on its Executive team.

About Dr. Carol Bell

Dr. Bell is an independent businesswoman and corporate director with over 35 years of experience in the natural resources sector. Dr. Bell has experience as a director on companies listed in Canada, Norway and the UK, bringing a wealth of capital markets and energy board experience to her role at TransGlobe.

Dr. Bell’s successful career includes her position as Managing Director of Chase Manhattan Bank’s Global Oil & Gas Group, Head of European Equity Research at JP Morgan and several years as an equity research analyst in the oil and gas sector at Credit Suisse First Boston and UBS Phillips & Drew. Dr. Bell began her career in corporate planning and business development at Charterhouse Petroleum plc and RTZ Oil and Gas.

Dr. Bell holds a MA Natural Sciences from Cambridge University; a BA, Earth Sciences from Open University; and a PhD, Archaeology of Trade from University College London.

Dr. Bell was the Non-Executive Chairman of Barcud Derwen Ltd, a private television facilities house based in Wales and Scotland between July 2009 and June 2010. The company was put into administration by its directors in June of 2010 and the majority of its assets were sold at which time Dr. Bell’s involvement with the company ceased.

Executive succession plan

As disclosed on September 14, 2018, Ross Clarkson will retire as the Company’s Chief Executive Officer effective December 31, 2018. Randy Neely, TransGlobe’s current President, will assume the role of President and CEO. Mr. Clarkson will remain with the Company as a Non-Executive Director. Both Mr. Clarkson and Mr. Neely intend to stand for re-election to the Board of Directors at the 2019 AGM.

With the transition of Executive leadership to Randy Neely at year end, the Company acknowledges the tremendous contribution made by Ross over the past twenty plus years as a founder and builder of TransGlobe.

Mr. Rob Jennings, Non-Executive Chairman of TransGlobe Energy commented: “Ross built a team of professionals and together executed a strategy that saw the Company grow from a small Canadian base to a focused international petroleum company. On behalf of the Board, Management and the shareholders, the Company wishes Ross well in his much deserved retirement from executive duties.”

About TransGlobe

TransGlobe Energy Corporation is a cash flow focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada. TransGlobe’s common shares trade on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol TGL and on the NASDAQ Exchange under the symbol TGA.

For more information : https://www.trans-globe.com

- DisclaimerNews, data and statement included in this release are intended exclusively for general information purposes. Talent4Boards accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the adequacy or accuracy of the information. No data or statement in this release should be considered for decisions about securities referred. Product and brand names used in this release maybe trademarks or registered trademarks of their respective owners.

Talent4Boards Team

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