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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Ross Mickey who wrote (653)10/25/1996 4:28:00 PM
From: Kerm Yerman   of 24933
 
Ross / Energas

Sorry, don't follow Vancouver listed oil & gas companies. Don't like the
way the companies function on that exchange. Just one of my few
hangups.

However, let me mention that Energas is a subject listed beneath Canadian
Oils in the Gold, Mining & Natural Resources index. I just scanned the
comments there and apparrently the company is going to begin drilling
a well to the Leo formation which can yield 1,000 bbl's daily. (see what I
mean in relation to hype) Energas's public relations guy posts messages
there also. Apparrently there are also promotional firms which will be
promoting this drilling play. Some outfit called Tandem (promoter) was
responsible for surge in share price last time there was one-----per one of
the people at that location. Take a look.

I don't want to discourage you with your investment, I just don't invest
into these type situations. If you have any specific questions about
where I'm coming from, don't hesitate to ask. I'm sorry I couldn't reply
with positive comment.

Thought I ended my comments, but just looked at charts. Price has
basically moved sideways for a year. My advice is to ride with the
promoters until well is completed, then exit with a profit. There are
better places to invest into oil & gas. There, I said it---didn't want to
---but I did. I have this thing about guarding myself against offending
another, but sometimes it may be an injustice to someone who truly
wants a sincere opinion.

Keep in mind, just one mans opinion and I may be wrong in this one
specific case.

Can anyone else offer Ross an opinion.
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