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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: johnlag who wrote (6544)	6/9/1999 5:52:00 PM
From: Kerm Yerman	Read Replies (2) of 24925

Johnlag / Pecos County I spent an hour searching for information on info related to operator and partners. Came up empty. However, Mobil was mentioned in one of the older releases. (It could of been Pan Ocean News Release) The reason I asked was to get a jump on any news releases. Market Value $150 million - unbelievable at this stage. It appears they bought into Fortis pretty cheap, but at the same time - Fortis must be happy with a $6.00 share value. I reviewed the annual report at SEDAR, rather limited info - but why not - company is six months old. It did mention they probably had a significant discovery. I was looking for property information - like how many acres in the current play. For all we know, it can be a couple hundred acres. Other info is probably there, but I don't have the software to obtain it. They just had 3D seismic done for $20 million dollars. I need to identify how this was done on limited capital. (their share 75%) They are certainly wheeling and dealing with giving shares of company away for acquisitions rather then good ole cash. It's paying off for all parties, rather surprisingly.

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