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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Bobby Yellin who wrote (17)	5/15/1996 11:18:00 AM
From: Fred J Bealle	of 24934

FP May 14--Pacalta Resources (PAZ tse) buys into Ecuador. Calgary junior is a scavenger after leavings of major oil firms. Picked up producing area in far west of Amazon; 14 wells. Pacalta was mostly in Alberta gas fields production. Priced around 6.05 cdn now. may surge on the news. Buy in if it drops. This outfit seems agressive and willing to use hype. I wish it were in my penny range (under a buck). Related topics: ballard fuel cells (use methanol or hydrogen). Methanex is methanol producer. Should be synchronized with BLD but is not. See MX on tse. Around $10.80 cdn

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