Your TELEMAC installtion seems fine now.
It now look like you have a probllem with g95. Is your system a windows7 64bit by any chances ? Looking on the web for your type of problem seems to point at this know problem. However I did not find the solution -- maybe you'll have more chance.
Just in case, as far as the install of g95 here is what I have on a test computer (winxp 32bit) ... note that I use the python version, whihc does not require makefile (or nmake) ...:
Environmental Variables:
PATH = ... D:\program\fortran\g95\bin
G95_LIBRARY_PATH=D:\program\fortran\g95\lib\gcc-lib\i686-pc-mingw32\4.1.2;D:\program\fortran\g95\lib
In the lib directory (D:\program\fortran\g95\lib) I have the following files:
crt1.o, crt2.o, dllcrt2.o, libadvapi32.a, libgdi32.a, libkernel32.a, libm.a, libmingw32.a, libmingwex.a, libmoldname.a, libmsvcrt.a, libshell32.a, libuser32.a, libws2_32.a
Hope this helps.
Sébastien