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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE
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To: j.oil who wrote (797)7/26/2000 3:39:41 AM
From: Blaumax  Read Replies (2) of 864
 
Agree,
We have cash flow from almost 2000BOPD with no debt, we are sitting on an elephant of 545m barrels (Ryder Scott report) and we are about to initiate a Thermal program. Very attractive takeout. Why would other companies put money into exploration when they could scoop SIY at a fraction of the cost?
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