TransAtlantic Petroleum Corp (TNP.U - was Profco) Message Board

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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)

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To: The Fix who wrote (34)	11/5/1997 5:08:00 PM
From: Bill Shugarue	Read Replies (2) of 270

Here is the latest news available...... At midnight tonight they expect to start the Repeat Formation Tests. Apprently they have found three sand zones. They won't know if there is oil/gas or water in those zones until they run these tests. This could be completed either Thursday or Friday. It all depends if they run into any problems. They do have 300 feet of sands. The stock dropped today on rumor that they had dropped tools down the well, and might have to abandon the well. Once those rumors were denied, the stock rebounded. We can expect to see another volatile day tomorrow.

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