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


To: bob bundy who wrote (110)11/17/1997 10:10:00 AM
From: Bill Shugarue  Read Replies (1) | Respond to of 270
 
It's not over yet.................

By now you are aware that the bottom zone contained
negligible quantities of hydrocarbons. Did you know
that the company considered this zone a BONUS zone.
They felt that if the bottom zone was successful, they
would have a major major overall find. Do you know
that they expect to have a major find in the top zone.
The top zone is an extension of the offsetting Seme
field.

There was a SLIM possibility that they would be successful
in the bottom zone. I'm not sure if anybody reading this
message is aware that when PSO drilled the first well in
Nigeria several years ago, they found water in the bottom
zone, but did find oil in the top zone. At that time, they
never expected to find anything in the bottom zone.

In my opinion, now is an excellent buying opportunity.