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

To: MUDMAN who wrote (94)	11/12/1997 11:16:00 PM
From: krl	Respond to of 270

WOW!!! This is one exicting thread. Just tuned into this thread today. You guys have done some excellent work and raised some interesting hypothetical scenarios. I have been watching TSY being manipulated all to hell by Yorkton and Co. Was waiting for this stock to drop to .20 but obviously did not and will not happen unless they strike 300 ft. of water instead of oil. Keep up the good work-Don't know if I have the intestinal fortitude to play this game but it extremely fun just to lurk on your tidbits of information. Thanks for the entertainment!!!

To: MUDMAN who wrote (94)	11/13/1997 11:17:00 AM
From: Bill Shugarue	Respond to of 270

MUDMAN: to get an answer to your question I contacted the VP Finance for Profco. I was informed that the current Net Asset Value is $3.00 per share. That means that the share price is currently trading at a 25% discount. If PSO find 50 million barrels, it would put an additional $3.75 on the Net Asset Value. Assuming that the discount is still 25%, the share price should increase by approx. $2.80. That would put the share price in the $4.75-$5.00 range. VERY IMPORTANT........................ The market will decide the share price. It could be higher but it could also be lower.