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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Donald F. DeKold who wrote (50)	8/4/1996 9:26:00 AM
From: Donald F. DeKold	of 24928

Some of you petro investors should take EEG seriously! Energas (EEG.V) was in the low C$0.30 about two months ago at the depth of the market sell off. It rose into the $0.60's after reporting a second successful well in northeast Wyoming last month. On Tuesday (8/6/96) we should see flow rates announced for this well after a frac treatment at the end of last week. It was flowing 8 barrels per hour before frac-ing. They now have two sites with proven oil, and plan to drill a third before the end of August. Income from production will be reinvested in drilling more wells and expanding their production. I smell a winner here. Some of you more experienced oil people...any comments? You can reach the Oklahoma based company at 1-800-365-6201. Don DeKold donsden@aol.com

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