Canadian Oil & Gas Companies 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 : Canadian Oil & Gas Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (691)	10/28/1996 4:43:00 PM
From: Richard Saunders	of 24933

Big Horn - off the cuff and maybe on a tangent. Today's mail brought a dated news release (Oct. 15) announcing 6 month results ended 08/96. Net earnings of $0.04 ($267K) vs loss of $3.5K year earlier. Cash flow for 6 months was up 626% to $337K ($0.05/share). Production for 6 months was avg. 253 BEOPD vs. 67 year prior. Oct. 15 prod. rate was reported to be 350 boepd. I don't have a position in Big Horn - missed the ride to date on this situation. Approx. 15 months ago had a tele/con. with current president - Reg Greenslade. He's a P.Eng. with prior experience in Sask. with CS Resources. At the time I was researching Bonus Resources, an oil services company. Big Horn was the oil/gas part of Bonus that was spun off to do what they're in the midst of doing. What initially shied me away from buying was that there appeared to have been quite a pile of cheap stock issued to insiders - just goes to show it's easy to miss possible situations. Bonus too has done quite well, including a TSE listing and recent financing. One of the main principals behind Bonus is Walter Dawson who started Computalog.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next