Charger Petroleum Inc. Message Board

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Gold/Mining/Energy : Charger Petroleum Inc.

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To: Superstone who wrote (6)	6/11/1999 9:57:00 AM
From: johnlag	of 58

Is it standard procedure to 'experiment' on different depths when this well is going to be a bonanza? That's new to me. Usually the boys at the site just want to perf the great zone and start testing her and get revenue and test flows. Learn more with step-outs. I've been around these one-well 'company makers' a lot, one test does not a $10 stock make. I will short more at these inflated prices into any strength run-ups. I am patient. By my calculations, even a TCF discovery is built into current prices. BEFORE TESTING. Monday is the only the beginning, the next few weeks to two months should give you a better idea where the stock will head. I say to realistic values. Jeff did return calls later in the day - my correction. I'm not saying there's not a great well in Texas, but Charger is trading at a 50% premium to Westminster Resources, a 3200 bbl/d company with plenty of high impact exploration on the go. Go figure. And, look at that book value of $1.6 million just at March 31, now it's suddenly worth $150 million? Have a great day and weekend, John

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