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Gold/Mining/Energy : Turbo Genset

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To: Gulo who wrote (11)	4/20/1999 1:53:00 AM
From: Stephen O	Read Replies (2) of 47

The HO of Turbo Genset Inc is in Calgary at a lawyers office. The actual company is at Heathrow. The quarterly report to shareholders I just received states that they will develop a genset to power a tramcar in Karlsruhe, Germany. This should be ready next year. The company had some Canadian connections and they found it simpler and much cheaper to do a financing on the Calgary exchange rather than finance on the OTC market in London. For the past 2 weeks they have a market maker in London because so many of their shares are held over there. BTW I visited the Heathrow site last November. It is certainly not a fancy building like Ballard's is in Vancouver. I was unable to meet most of the people involved as they had been called away to make a presentation in Edinburgh to a major North Sea Oil & GAs company. Those North Sea production platforms need electricity and they currently use massive diesel gensets. The Turbo gensets are 1/10 the size and could run from the gas being flared off or reinjected. Regards Stephen O

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