Benz Energy (BZG.V) Message Board

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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: johnlag who wrote (19)	11/11/1998 11:34:00 PM
From: Ed Ajootian	Read Replies (1) of 272

John, Looks like we're finally on the verge of chewing through the overhang. Only one left with any significant stock seems to be Cannaccord and as soon as they fade away its gonna be off to the races. We are due for review of the borrowing base for the Bank One loan and its likely that that facility will be increased $6.4 mm to its $10 mm maximum. This together with the money still left from the note offerings should be plenty to fund the THIRTEEN WELLS scheduled to be spudded next quarter. Do me a huge favor and take a look at this list, at benzenergy.com, and make sure I didn't miss any, will ya? <g> As the saying goes, A WELL A WEEK KEEPS THE DOCTOR AWAY. Benz is gearing up to go balls-to-the-wall for the next 4 months. Go nuts drilling now, hit and test the wells in the 2nd quarter, report second quarter earnings together with the then-current production rate on 8/15/99, and the stock promptly blasts through the $2.12 mark and we force conversion of most of the notes on 9/30/99. We're home free with an easy triple, in less than a year.

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