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 (147)	12/22/1997 5:52:00 PM
From: Bill Shugarue	Read Replies (1) of 270

MUDMAN:...Based on what was said in the latest EUG press release, we should not expect any news for awhile on EUG, but I did notice that the stock took a jump today. PSO is caught in the same situation as other oil/gas and mining stocks. They have proven reserves in Nigeria and plan to start production in late 1998. That is when we should see the reaction. I don't feel that money is a problem with PSO. Remember, PSO will recoup approx. $US10 million from Canadian OXY when the first million barrels of oil are produced. At this price, there is no reason to sell PSO. The upside is must greater than the downside. EUG is not dead yet.

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