DEREK RESOURCES (DRS,V) - HUGE PROVEN OIL RESOURCE Message Board

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Gold/Mining/Energy : DEREK RESOURCES (DRS,V) - HUGE PROVEN OIL RESOURCE

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To: Davey Stuart who wrote (94)	9/24/1999 2:17:00 AM
From: Charles Kalb	Read Replies (1) of 114

Davey..........Ooops! I didn't realize the wording of my comment could be misinterpreted. I was just trying to have a little fun, asking if that was you BUYING the 50k block of Derek at 0.88. I also am not considering selling any at this level, even though I have a double on my original position. I added some more last week and will buy on any significant dips. IMO this is not a typical resource stock play where typically 99% or so never find an economic deposit. We know the oil is there, we know approximately how much is there, and we know it has highly desirable characteristics which command a premium price. The only possible risk I can think of would be the recovery technology risk, but I am comforted here by the good success that SAGD is achieving on other projects. Like I said earlier, we are at a stage where we just sit back and wait for value to be recognized. Charles

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