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

To: Alan Brezin who wrote (1438)	5/8/1998 11:58:00 AM
From: Alan Brezin	Read Replies (1) \| Respond to of 2826

Don't get discouraged, folks. IMO, TGlobe is currently stagnant waiting for ratification and higher oil prices. The value is in the great foundation of quality projects most notably the S-1 in Yemen: a substantial interest in a major already explored and proven to be highly prospective oil concession with a major deep pocketed very savvy top notch independent oil company who is going to foot the expense of initial exploration so that TGlobe can go out and raise money with solid ammunition to get favorable terms on financing to continue its participation without major dilution. What could be sweeter? Only that things would happen sooner. So some investors are selling part of their holdings to engage in more immediate plays but they will come back along with new invigorated blood when the time is right.