first star energy FST on the ASE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : first star energy FST on the ASE

FST 10.18

+0.3%

Aug 25 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Diamond Daze who wrote (568)	7/14/1998 12:27:00 AM
From: RIK	of 754

The management of the Strachan companies WILL make decisions based on the most complete and current information available to them. At $5 million a crack you can bank on it !!! They will NOT drill option parcels that do not have potential. For example , let us assume that the First Option Block (which offsets the 3-22 discovery well ) does not warrant drilling ; if all the parties agree the farmout agreement can be amended to change the order in which option blocks can be earned ( or whatever ). Should this amendment actually take place , it would be reasonable for an investor / speculator to assume that the joint venture partners have written off four sections (2560 acres) of petroleum rights immediately offsetting a rumored deep gas discovery. Therefore NO GAS reserves on these lands. Possibly the Second Option Block is equally unattractive..........there are many different scenarios. Chris , be very , very cautious if they change the terms of the original farmout agreement!!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next