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Gold/Mining/Energy : Transglobe Energy Cp

TGA 3.720

0.0%

Oct 14 5:00 PM EST

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To: 91fxrs who wrote (1290)	4/14/1998 11:59:00 AM
From: Alan Brezin	Read Replies (1) of 2826

Richard, What you read is what Ross wrote, cut and paste the way you taught me. I emailed him subsequently the question of what was planned for Montana. His reply hot off his keyboard: <<We are continuing to produce the wells. The partners have indicated they do not wish to drill any additional wells until the oil prices firm up and the rig prices fall to more appropriate levels. The lands are not expiring so there is no drilling deadline. This give TGL an opportunity to conserve cash until the markets are more favorable. Ross>> Sorry I don't have better news to relay. Regards, Alan

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