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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Shugarue who wrote (68)	11/10/1997 9:56:00 AM
From: Just Wayne	Respond to of 270

***NEWS RELEASE***** Attention Business Editors: PROFCO RESOURCES LTD. CALGARY, Nov. 10 /CNW/ - Profco Resources Ltd. (''PSO'' - Toronto) announced the initial well offshore the Republic of Benin, the Tarpon Ike No.1, reached total depth of 9,060 feet on November 3, 1997. The well has been logged, sidewall cores obtained and the Company is proceeding with casing the well to total depth in preparation for testing. Potential hydrocarbon bearing sands in the Tyronian and Albian formations with an aggregate of 300 feet of sands will be tested. Profco stated the tests will be conducted over the next ten days. Profco is the operator of the well and has a 52.76% in the well and the 156,000 acre offshore concession. Profco's shares trade on the The Toronto Stock Exchange under the symbol ''PSO''. -0- 11/10/97 For further information: Richard K. Jaggard, Vice President Finance, Telephone: (403) 262-5600, Facsimile: (403) 233-0746 ---------------------------------------------------------------------