Transglobal Energy Resources AG
Transglobal Energy Resources AG: High Oil Reserves Data Verified by 51 -101 Third Party Geologist for TransGlobal Energy Resources AG
Transglobal Energy Resources AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- High Oil Reserves Data Verified by 51 -101 Third Party Geologist for TransGlobal Energy Resources AG TransGlobal Energy Resources AG is pleased to announce that the third party Geologist Audit Report and completed SEC 51 - 101 form 1 and 2 provides evidence to the high level oil reserves on their asset on the Great Plains project in Wichita County Texas. The independent Geologist report confirms the Company's geologist information. The Reservoir Character and Oil in Place gives the Company 4,469.960 barrels of recoverable oil. H. Andrews , COO, said ; We felt it essential in providing an independent and non - partisan report that is recognized and respected by the large governing body of the SEC in the United States. The report provides disclosure of the oil reserves that confirms the facts and thus allows our share holders the security that they have the identical basic facts and information of our asset in the Great Plains Project.' 'This Statement of Reserve Data and other Oil and Gas Information' report furnishes us with the National Instrument 51 -101 Standards of Disclosure for Oil and Gas Activities. The great excitement is extrapolating these results with today's oil of $68.29 (June 1, 2009) plus the additional $2.25/barrel we receive due to our Sweet Crude oil. Our 40% holding on this property entitles TransGlobal's Secondary Oil Recovery Program to expected high returns. TransGlobal Energy Resources AG is a Swiss Based company engaged in Enhanced Secondary Recovery (ESR) of Oil and Gas in North America . with offices and operation in Dallas, Texas USA, Calgary and Whitby Canada and Zurich, Switzerland. Through the deployment of ESR, TransGlobal's mission is to capture the value of Oil and Gas reserves that were previously discovered but not fully produced and left behind. For further information Contact:http://www.transglobalenergyresources.com Vinetta Makkreel, President, PR North America Information presented in the Press Release constitutes neither an offer to buy or sell securities and contain 'forward looking statements' within the meaning of Section 27A of the US Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' 03.06.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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