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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (338)	10/6/1996 11:31:00 AM
From: Richard Saunders	of 24922

Shhhh - it was a "in-one-day-and-out-the-next". Still like the situation & am trying to re-establish again at lower bid....... company has 3 oil/gas development areas (Kinsella, Sunnynook-Berry & Arrowwood (all Alberta)) plus owns/operates 11 service rigs. Purchased Petro Well Servicing (private co.) in March '95. On another "service side" tangent - I rec'd. the 1Q (July'96) numbers for Cdn. Crude Separators (CCR-A) after the markets closed on Friday. Revenue was up a trickle over year previous but cashflow took a wallop (wet spring = road bans, etc.). Should be interesting (IMO) to see what sort of penalty (any) the market will do to the share price. I sold earlier in the month in anticipation of ugliness........

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