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: MUDMAN who wrote (94)	11/13/1997 11:17:00 AM
From: Bill Shugarue	of 270

MUDMAN: to get an answer to your question I contacted the VP Finance for Profco. I was informed that the current Net Asset Value is $3.00 per share. That means that the share price is currently trading at a 25% discount. If PSO find 50 million barrels, it would put an additional $3.75 on the Net Asset Value. Assuming that the discount is still 25%, the share price should increase by approx. $2.80. That would put the share price in the $4.75-$5.00 range. VERY IMPORTANT........................ The market will decide the share price. It could be higher but it could also be lower.

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