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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies -- Ignore unavailable to you. Want to Upgrade?

To: cherrypitter who wrote (200)	5/17/1999 12:51:00 PM
From: loanshark99	Respond to of 318

Just a speculative thought for you. TransGlobe Energy(TGLEF) or TGL on Toronto is currently drilling a high risk return well in Yemen. It is an appraisal well to their previous 10,000 bpd discovery. This field is adjacent to Can Oxy Masila field that currently produces 210,000 bpd. If TGLEF hits on this well the field will be put into production and would certainly bring the battered .22 cent stock up quite a bit to say the least. They have a 10% interest and results are anticipated by end of this month. Operator is DNO ASA and Norsk Hydro is partner. Stock is also a potential acquisition target of Vintage Petroleum.