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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Roy Chiesa who wrote (1)4/9/1998 7:46:00 PM
From: Whynotte  Read Replies (1) of 272
 
Dear Roy,

Earnings Per Share "estimates" are just that in this oil and gas market, but the potential here is just as it is in TRIL....rapid growth with a large discovery while paying for the "home run" with smaller discoveries along the way. And even though they are fairly new as a publicly traded company (about one year) they were closely held for several years. Tomlinson is well known in the industry (he founded TGS Geophysical - a major seismic company) and once owned a small oil and gas exploration firm before the bust in the 80's.

The principles and officers hold 44% of the stock so I tend to believe they will try to keep the price up (NOTE: THE QUOTED PRICE APPEARS TO BE IN CANADIAN DOLLARS), but the real reason I like it is because they are essentially doing what I am - looking around old fields for by-passed or deeper pays with 3D seismic. They appear to be (well?) funded and are actively drilling wells.

I plan to visit their offices and visit with them in the near future. Until then I will try to look into some of their properties and who their partners are.

Whynotte
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