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: bob bundy who wrote (82)	11/11/1997 9:48:00 PM
From: Bill Shugarue	Read Replies (1) of 270

Bob:...Here is what I based the TSY warrant price on.... The stock and warrants have been pretty well moving cent for cent. The stock is currently at 57 cents and the warrant is at 36 cents. If the stock goes to $1.20 short term, that is a 63 cent increase. If the warrant and stock go cent for cent, that means the warrant increases 67 cents. It would put the warrant at 99 cents. I said approx. 90 cents based on a few cent shorter increase. Yes, you are correct, I have made a few minor errors in the past, and no, I don't mind when anybody corrects me. Remember, I based the above figures on finding approx. 50 million barrels of oil. I feel they have MUCH more. Yes, I still feel that everybody should be in before the weekend. I will be giving additional information (public information which is not being currently factured into the current PSO share price) tomorrow. In my opinion, the warrant is the better buy, compared to the TSY common share.

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