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Gold/Mining/Energy : TRINITY GAS CORP. [TRGC] -- Ignore unavailable to you. Want to Upgrade?

To: Turboe who wrote (821)	5/31/1998 9:10:00 PM
From: flash	Read Replies (1) \| Respond to of 1081

VERDAD IS DOCUMENTED FROM BOBZ FOR FUTURE REFERENCE To: PartyTime mweddle752@aol.com, From: Verdad verdad7@hotmail.com from:VERDAD Dear Mike, Hope you are doing well in your new digs. Did you receive the information from The New TRGC Group? (2 Pages). If not, please e-mail your fax # and I will send you a copy. Also, I can send you some other documents that will support some of the statements that I have made. By the way, in my message of May 3rd, 1998, I stated that "all four wells have been cased to the basement and cemented in place", AND "IF everything goes as PLANNED, all four wells will be perforated and have gas flowing in the next ten days!" Obviously everything did NOT go AS PLANNED since the wells still have not been perforated. I explained the cause of the delay on the last page of the May 19th, 1998 message, in part one of two, when I told everyone that Sid Sers had to coordinate the schedules of the Geologist and the Petroleum Engineer from Ecopetrol and a Representative from Colombia's Mines and Energy, who have to be ON SITE during the perforation procedure and the subsequent pressure testing. I have since learned that some service companies, such as Halliburton and Marlin Drilling, have been sent letters from the SEC warning them about doing business with Trinity Colombia! I thought the SEC was SUPPOSED to PROTECT the interests of the shareholders?, this ONLY hurts us! Something else that needs to be cleared up is that the 200% return to Trinity USA concerned ONLY the drilling costs expended by Trinity USA. The percentage return to Trinity USA from the GAS and OIL production on ALL FOUR WELLS would continue for the next 29 YEARS, from the date ECOPETROL declares the concession a commercial field, as per the ECOPETROL CONTRACT. Sid Sers wants a new , strong, financially sound TRGC to participate in drilling activities at THEIR CHOICE for many years to come, with hundreds of millions of dollars in profit for TRGC and its shareholders. The 200 % was only in reimbursement of DRILLING COSTS, NOT the profit potential of the entire project, as explained before in my posts and elsewhere. I am repeating this because some shareholders were very confused by my statement and I accept the blame for the confusion. I wish that the Trustee's "official committee" would contact the New TRGC Group and realize that some compromise is in order and work TOGETHER for a common goal, WITHOUT any personal agendas. A house divided will NOT stand and will be crushed by the Trustee AND the SEC. One other thing, I have noticed that some folks have questioned the veracity of some of my figures in my posts, such as the amounts of the TRUSTEE'S TRGC "INCOME" and EXPENDITURES, I challenge ANYONE out there, including Henry Seals, to dispute those figures and to be able to prove otherwise! I have been extremely careful not to post anything that is not completely factual. I will have some more time to answer more of the tremendous , wonderful E-Mails from so many people this weekend hopefully. Thanks PartyTime for all your sensible patience, for being the "Switzerland" in this mess, reserving your conclusions for when you have the whole story and for your support, to you and everyone else who has done the same. Especially you too, Flash, you have been a real sweetheart, thanks for your help, I am so happy that you finally realized that I AM actually on your side too. Page 1 of 2 Also, remember, I am NOT a member of the New TRGC Group, I am a liason between parties and in contact with so many individuals and entities that I must, as you have heard before, maintain anonymity to be able to report my findings on such sensitive legal issues. I must remain this way right now for our benefit, I do not want these people harassing me or my family, among other things! The new "Group" are independent shareholders, NOT A COMMITTEE. No different than any of us, they are getting things done for the benefit of all of us. Read their letter please and join them in their quest if you can. Everything I learned in Law School never prepared me for the things involved in this case! Let's also pray for divine guidance for ALL involved to make the right decisions, to save TRGC. Very Truly Yours, VERDAD P.S. An important question PT: Do you think the Red Sox have a chance to beat the Yankees and win the East? Page 2 of 2