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

To: Beamer who wrote (1368)	4/30/1998 10:20:00 PM
From: Alan Brezin	Read Replies (1) \| Respond to of 2826

<<Breezin can only entertain us for so long.>>- Brian, if you are going to give up on me as an entertainer at least spell one of my names correctly, Brezin

To: Beamer who wrote (1368)	5/1/1998 1:02:00 PM
From: Donald Lickman	Read Replies (1) \| Respond to of 2826

Beamer, I'll buy in when I think it's time, I have no set price. I am waiting to see how Ross will fund the company without selling out the stockholders amongst other things. tglef currently has no significant working capital. If they want to play oil company internationally tgl will need to raise some serious capital which means serious dilution. They can't just sit on their hands and pray for exploration success in Yemen. Remember the most likely outcome in exploration is failure. Besides if they hit then they will need mega millions to continue partisipation in the permit. I have read posts claiming that tgl only needs a few MM but that isn't even an anti when dealing internationally.