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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: Sam Sansone who wrote (1391)	5/4/1998 12:50:00 PM
From: Chris St Amour	Read Replies (1) of 2826

Hi Sam -- Ross had just returned from Yemen when I talked with him the other day. From my assessment of his comments, he sounded very positive about the developments in both Block S1 and Block 32. My guess is we will see a news release on parliamentary approval of Block S1 within the next few weeks, perhaps as early as next Monday, May 11th. I think this will boost the share price to above a dollar, perhaps more. Bottom line, revenues are improving and as recent positive drilling results go online, revenues should show significant improvement in the quarterly results to follow. As this develops, it will ultimately be reflected in the share price. A careful review of TransGlobe's upgraded web site will clearly show that management is geared for significant growth. Take a look at the quality of their management team - impressive! TransGlobe has quietly assembled a strong group of professionals! Regards, Chris...

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