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 (91)	11/12/1997 6:07:00 PM
From: Bill Shugarue	Read Replies (2) of 270

Todays Trading................ We had large losses on both the TSE and DOW today, and this probably accounted for the decline in the stocks we are following. The TSE was down 138 and the Dow was down 157. Yesterday, I discussed the upward percentage possibilities if this well is successful. Today, being a down day, the ones with the largest increases yesterday, suffered the largest drop today. CDD (-23%), DWM (-18%), PSO (-10%), TSY (-18%) and TSY.WT (-28%). I still feel confident that this will be a major discovery. Lets hope the markets turn upward tomorrow. I spoke with another Oil Analyst today and was informed that he feels the potential is between 40-115 million barrels. He also said that if 50 million barrels are proven, it would add approx. $3.75 to the NAV for PSO. This does not include the current proven reserves in Nigeria.

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