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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Tommy D who wrote (195)1/27/1998 1:20:00 AM
From: Dale Schwartzenhauer   of 2306
 
On the subject of a release: I don't see that the ASE will make a request, as the result would be another release that discloses nothing. They undoubtedly know what's happening in Turner Valley. I heard there were some big buyers in the market Friday which, based on today's activity, may be true. The rumor mill says that Esso is drilling into the Elkton now and may have oil there too. We heard earlier of an 85 foot gas pay and 30 foot oil pay in the Mississippian just above the Elkton. One other commentary claimed that figure was too small by 75 feet of pay. So there is all kinds of talk about what might be there, but as it's been said, the market knows all.

Dale
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