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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: Chris St Amour who wrote (1428)	5/7/1998 3:57:00 PM
From: Chris St Amour	Read Replies (1) of 2826

To All: Just reviewed the Lehman Brothers research report on VPI issued 4-May-98, subject: Vintage Petroleum: Leveraged to Oil Prices. There is no mention of TransGlobe Energy, however, the concession in Yemen was mentioned in a short paragraph: "Yemen concession could be awarded within weeks: Vintage Petroleum is awaiting the Yemen Parliament's approval of an oil concession. Development of prior discoveries could begin as early as late this year. In addition to development of prior discoveries the company believes the acreage holds deeper potential." Regards, Chris...

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