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Gold/Mining/Energy : Trans-Dominion

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To: Robert Dydo who wrote (43)	3/3/1999 2:53:00 PM
From: Robert Dydo	Read Replies (1) of 53

Trans-Dominion joint ventures Trinidad acreage Trans-Dominion Energy Corporation TDE Shares issued 78,946,856 Mar 2 close $0.035 Wed 3 Mar 99 News Release Mr. Michael Doherty reports Trans-Dominion has entered into an agreement with Anglo-African Energy Inc. whereby Anglo-African will acquire a 75 per cent interest in Trans-Dominion's Trinidad subsidiary, Trinidad Exploration and Development Limited, in return for a total investment of $5-million (U.S.). The majority of the funds will be used to continue the development of the Bonasse oil field and to further explore the southwest peninsula of Trinidad. The work program is scheduled to commence immediately upon completion of the transaction with Anglo-African. The deal with Anglo-African is subject to certain conditions, principally, the completion of the farm-in agreement, previously announced, whereby TED acquires a 72.5 per cent interest in all the lands held by the Petroleum Company of Trinidad & Tobago (Petrotrin) on the Southwest Peninsula in return for the financing of 3-D seismic and drilling programs. It is anticipated that the transaction will take between 60 and 90 days to complete.

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