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Gold/Mining/Energy : Transglobe Energy Cp

TGA 3.720

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Oct 14 5:00 PM EST

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To: Alan Brezin who wrote (1316)	4/22/1998 10:08:00 PM
From: Donald Lickman	Read Replies (1) of 2826

<<without any exploration expenditures while prices of oil are low and new activity is nil>> This doesn't make any sense to me. What an opportunity for a junior company to grab new ventures, not normally available, while the sector is in a slump. Also numerous junior companies are out there having tremendous success, taking full advantage of the situation. IMO, Ross should promote his company, raise money and find new deals. He has put shareholders and potential investors to sleep. In the meantime, I am happy to wait, let tglef's share price dwindle (and it will with Ross's attitude) and grab shares based solely on the Yemen deal. IMO the current North American ventures hold little upside for shareholders other than paying the rent. Donald

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