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Gold/Mining/Energy : Olympic Resources ORL:VSE
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To: Len Hynes who wrote (3)11/6/1999 11:18:00 AM
From: burner  Read Replies (1) of 95
 
Len--They are drilling , or have been. They have had 3 shallow well projects and hit on one (I have seen elsewhere that it was Garrison). They are playing their cards right on any deep drilling in that they are waiting for the big boys like Berkely to spend their money first. The EKHO project are drilling a 17,000' well into an identical trap along the same geological trend.
In the meantime ORL looks like they will tie in some shallower formations, generate a bit of cash flow, and wait for results on the deeper drilling. They certainly are positioned nicely in terms of property locations.
Dan
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