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Gold/Mining/Energy : PEL - Purcell Energy
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To: pud* who started this subject12/4/2000 9:12:12 AM
From: que seria   of 165
 
Anyone recall comments by Chevron about further drilling,
or not, on the Ft. Liard property? I seem to recall reading something about a native rights issue, and Chevron stating it has no current plans for more wells, but I can't find future plans stated anywhere. I couldn't access "frames" version of full quarterly on Chevron's website.

Seems to me the only reason for price to be at resistance here, other than the market sensing a top in product prices, would be a belief that PEL's interest in the property doesn't yield much visible additional near term upside (this assumes their 60% well is factored into price--I don't know if the market could be doubting production there). I take it there is room for more wells if Chevron will drill them. TIA
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