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Gold/Mining/Energy : Curlew Lake--outstanding appreciation potential
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To: T.Martin who wrote (12)3/27/1997 5:07:00 PM
From: Dale Schwartzenhauer   of 33
 
Tom, welcome to this thread. I do handle the IR for CWQ, particularly in the US and these forums. Imperial, like most majors, doesn't divulge a lot of info. to the public, or even to their partners, but we do have a few tid bits. Seismic was completed on the area targeted for drilling a new well in Turner Valley. It was apparently positive and they plan to start a well before spring breakup, which should be fairly soon. CWQ's interest ranges from 1.3% - 2.3%, so this property is no longer as all important as it once was. More significant is the upcoming drilling program in Bacon Island, where CWQ holds 25%, and as operator could end up with 42.5% after payout of all drilling and development expenditures. The stock is an especially good bargain at today's price of C$0.24. Relative to another partner, MWR, CWQ should be at least 50% higher on the basis of Bacon Island alone. If it stays here long, I may pick up some more myself.

Dale
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