CURLEW LAKE RESOURCES (CWQ-VSE) Message Board

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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: GerPol who wrote (536)	4/4/2000 11:56:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 701

Gerry: the numbers I remember from Cannacord were C$1.16 per share for CWQ on EACH TCF of gas; that says nothing for the oil. [It seems to me that Curlew would be worth about that much if they only get 500 BCF, ((500,000,000 MCF's x 5% x $1/MCF)/38.5 mill s/o)] Based on a couple of the participants that are pure Ekho stocks, the entire play is only valued at about US $30 million right now. I suppose that means $10 million for the well and $20 million for the land position. It certainly doesn't represent any value for perceived oil & gas reserves, as we would expect something many times that value. So, there is lots of blue sky in this play. Dale

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