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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: Alan Brezin who wrote (1315)	4/22/1998 12:30:00 AM
From: Alan Brezin	Read Replies (2) of 2826

All, back after having dinner and seeing the show, Rent. Wish I had the athleticism of the cast to dance and sing so vigorously and effortlessly! Ross and Erwin left for Yemin today for about 10 days. TGL/VPI S1 PSA ratification proceeding is first on the agenda for the coming session of Parliament. I guess that means there should be an outcome in early May. No problems are anticipated I hear. Not much else new. TGL continues to produce their existing wells including the Madera NG well without any exploration expenditures while prices of oil are low and new activity is nil so cash must be accumulating in the treasury as a result. This is just my conclusion. I haven't confirmed this with Ross or Erwin but it seems logical. If anyone knows otherwise, please advise. Best of luck, Alan

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