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VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO”) and TransGlobe Energy Corporation (TSX: TGL; NASDAQ: TGA; AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the “Combined Company”) announced today that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million (the “Transaction”).

Speedcast, a leading global communications and network service provider, announces the appointment of Andres Angelani to its Board of Directors. The board addition is part of Speedcast’s continued focus on software-defined network solutions across the energy, enterprise, and commercial and passenger maritime markets it serves.

The Canadian Coast Guard has selected Webtool emergency rope cutters, manufactured by Allspeeds Limited, for 12 Search and Rescue (SAR) Lifeboats from Toronto based Webtool distributor, Variators Ltd. The cutters will be installed as an integral part of each vessel’s emergency release mechanism, allowing the towline to be cut in the event of difficulties during towing.

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