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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)
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To: clyde west who wrote (115)11/18/1997 7:09:00 PM
From: Bill Shugarue  Read Replies (1) of 270
 
Clyde: This is the sort of press release we can expect,
if the results are positive. Don't expect them to say they
have ????? barrels of oil. At this early stage, it is
impossible to know. Additional wells will have to be drilled,
and this should occur either late first quarter or early second
quarter of 1998.

We can expect them to report the thickness of the zone, choke size,
flowing tubing pressure, oil gravity, cubic feet of gas per day,
gas to oil ratio, and finally the most important item, THE BARRELS
OF OIL PER DAY.

Profco shareholders will then have to watch the progress of the
Eurogas well being drilled in Benin. This well should be completed
prior to the end of 1997. If successful, this well could add
$5-$10 to the Net Asset Value of Profco.
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