NU SKY ENERGY INC. NUS.V Message Board

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Gold/Mining/Energy : NU SKY ENERGY INC. NUS.V

NUS 9.610

-0.9%

Dec 31 3:59 PM EST

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To: Ed Pakstas who wrote (22)	4/16/1997 8:45:00 PM
From: baystock	of 49

Ed, Thanks for those cash flow projections. Do you know if they are using Canadian or U.S. dollars in those projections, since that would make quite a bit of difference. I think these projections provide a good basis for trying to get a handle on the company's near term (6-12 month) potential. There are 2 key wells to focus on for their potential to generate significant upside value to this stock, and they are the Brazeau Nisku and the Brazeau Shunda. One thing that is puzzling me is that NUS is projecting a higher cashflow from the Shunda than the Nisku well. But Circle Energy's description of the Shunda on their web site doesn't seem as promising as the Nisku: <In addition to the Nisku, a well will be drilled to evaluate the uphole zones. This multi zone play includes Shunda, Glauconite, Basal Quartz and Rock Creek targets. Wells drilled in this area have a high rate of success and a recent Shunda well reports initial production of 8 mmcf per day of gas and 300 bbls per day of condensate.> 8mmcf and 300 bbls for the Shunda is a lot less than what they are projecting for the Nisku. I wonder who is right. Ram

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