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Gold/Mining/Energy : Vulcan Minerals - C.VUL
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To: Jim Woodman who wrote (42)5/10/1997 11:34:00 AM
From: Phoenix   of 415
 
Jim;
You're right this company is fairly agressive; but you can't argue with success. They jumped into the Ontario oil play and struck oil. They took on the Carbonear property, and will not only drill it without spending a cent (ie cvr will drill it for them) but used it to generate income! Now they have a big piece of the action in Alberta - that the previous poster says they got for a mere $50,000. If this play heats up in the way it is promising to, they'll have noooo problem getting their $50,000 back in spades - and getting someone else to pay for the drilling. In my opinion this is text book. If there is a better way to operate I'd like to have it explained to me.
Cheers!
P.
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