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Gold/Mining/Energy : Trans-Dominion -- Ignore unavailable to you. Want to Upgrade?

To: SAM-DAN who wrote (29)	11/27/1998 10:16:00 PM
From: Robert Dydo	Respond to of 53

After reading the interim financial statement: sedar.com I followed up on Waterous waterous.com these are the fragments of publicly available material: "In these circumstances, and to ensure that momentum is maintained on its major projects, TDE is seeking to identify a larger oil company willing to vend a package of cashflow generating properties into TDE in exchange for a substantial equity position. The respective benefits of such a package are: TDE Perspectives: The tax-efficient replacement of the interrupted Turkish cashflow. TDE has available tax losses and pools of C$16 million. Potential acceleration of its major projects through a new partner relationship. Oil Company Perspectives: high leverage use of non-core properties. exposure at low cost/low risk to high reserve potential international projects in experienced hands. acceleration of the time line to gain exposure to international activity. potential to monetise investment via the sale of shares on the back of major discoveries/developments." Further down on the web site: "Waterous is seeking written expressions of interest in TDE by September 15'", 1998 with a view to negotiating and implementing an investment programme by the end of October 1998." The unusual activity in buying comes from MacDougall which bought about 651,000 shares since 11/16(less 12,000 sold). Interesting. It is worth noting that confidentiality agreement allowing "closer" look at TDE prevents buying equity in TDE for a year from the date agreement was signed. I guess something to think about.