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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)
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To: Richard A. Green who wrote (61)5/9/1997 2:56:00 PM
From: Dale Schwartzenhauer   of 701
 
Hi Richard! You're right about management control, it's crucial in these situations. I could go into a long discourse about how this one unfolded, but suffice to say, when you have many partners in a deal it's tough getting them to all move in lockstep fashion. If this one works, I'm hopeful that the next oil & gas play we enter has about 3-4 partners at most. One of our current partners will definitely NOT be invited to participate again, as they were the principal hold up at Bacon Island. Of course, we had some bad weather to contend with, but that part is behind us. As I write, we're waiting to get a further update from CWQ on rig movement. They want it as much as we do, and it will happen. My champagne will have to be the non-alc variety as I don't drink, but thanks for the thought.

Dale
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