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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: Donald Lickman who wrote (1393)	5/4/1998 5:05:00 PM
From: Chris St Amour	Read Replies (1) of 2826

Don -- Nice to hear from you. Yes, your observation is correct: <...several US producers are shutting in production due to low oil price.> Ross briefly mention this and that producers are in fact pulling back on new operations due to unattractive low oil prices. He did, however, mention the Madera and that re-completion efforts are continuing. Once this is accomplished it will further enhance future revenues. Regards, Chris...

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