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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)
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To: Dale Schwartzenhauer who wrote (537)4/7/2000 1:41:00 AM
From: Dale Schwartzenhauer  Read Replies (1) of 701
 
Thread: I failed to consider the recovery factor of reserves in my previous rambling. Thus for instance:
2 billion barrels x 50% x $15/bbl x 5% divided by 38.5 million shares F/D = $19.48/sh or about C$30 (for Curlew). Not bad potential for a C$0.15 stock, especially when one considers they are looking for twice that much oil plus natural gas.

We got strong action from some of the Ekho issues today as we reached the 17,410 ft level. I hear that fracturing and good porosity are being encountered.

Dale
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