Smoky/Boltan Natural Gas Exploration Play Message Board

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Gold/Mining/Energy : Smoky/Boltan Natural Gas Exploration Play

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To: Kerm Yerman who started this subject	4/27/2002 10:01:24 PM
From: Kerm Yerman	Read Replies (1) of 32

Research / Meota Resources Copied from another stock talk site Merrill Lynch Canada Highlights - April 25, 2002 (Thomas Nowak) Meota Resources Volatility Risk: High Reported EPS (Dec): 2001A C$0.40 2002E C$0.24 2003E C$0.43 YMRZ dropped 10% yesterday on an otherwise up day for the E&P group. The drop, we believe, was caused by anticipation of results from the Boltan (or Smoky River) well. We've checked with the company, and they note that nothing has happened, nothing has changed, and that the well is still not completed. They remain "very positive" about Boltan and expect to release results mid-next week. As we noted on 4/18 when we resumed coverage of Meota, with an average daily volume of 90,000 shares and a 61% float, shares will likely be highly volatile until results from Boltan are released. We retain our intermediate term Buy rating.

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