SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba
CCX 17.140.0%Sep 30 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ben Jaded who wrote (201)10/15/1998 12:29:00 AM
From: Hugh M.  Read Replies (1) of 223
 
Cubacan Exploration Inc CCXShares issued 37,968,3201998-09-25 close $0.15Monday Sep 28 1998Mr. Allan Kent reviews the company Activities for the Six Months Ended June 30, 1998 Block 17 Farola North No. 1 The planned production testing of Farola North No. 1, Cubacan's first exploration well, has been delayed due to the company's inability to obtain financing in the prevailing equity markets; however, Cubacan remains optimistic that continuing negotiations with financiers and future joint venture partners will allow it to procure the funds necessary to resume its operations at Farola North in the fourth quarter. La Victoria South The company is actively seeking joint venture partners to participate in the drilling of Cubacan's second target, La Victoria South No. 1, during the first half of 1999. This prospect is a carbonate reef play at a depth of approximately 3,600m. Block 22 The company holds a 15 per cent working interest through MacDonald Oil Exploration in block 22 which is currently operated by Genoil, a company controlled by Beau Canada Exploration. Genoil is currently shooting 100km of 2-D seismic to identify a location to be drilled in the second quarter of 1999.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News