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Gold/Mining/Energy : Transglobe Energy Cp -- Ignore unavailable to you. Want to Upgrade?

To: Alan Brezin who wrote (1316)	4/22/1998 1:10:00 AM
From: 91fxrs	Respond to of 2826

Alan, Ross and Erwin left for Yemin today for about 10 days. TGL/VPI S1 PSA ratification proceeding is first on the agenda for the coming session of Parliament. I guess that means there should be an outcome in early May. No problems are anticipated I hear. Thanks for the update. I wish Ross and Erwin a successful trip, and a speedy return. Richard

To: Alan Brezin who wrote (1316)	4/22/1998 10:08:00 PM
From: Donald Lickman	Read Replies (1) \| Respond to of 2826

<<without any exploration expenditures while prices of oil are low and new activity is nil>> This doesn't make any sense to me. What an opportunity for a junior company to grab new ventures, not normally available, while the sector is in a slump. Also numerous junior companies are out there having tremendous success, taking full advantage of the situation. IMO, Ross should promote his company, raise money and find new deals. He has put shareholders and potential investors to sleep. In the meantime, I am happy to wait, let tglef's share price dwindle (and it will with Ross's attitude) and grab shares based solely on the Yemen deal. IMO the current North American ventures hold little upside for shareholders other than paying the rent. Donald