Scimitar Hydrocarbons, SIY:ASE Message Board

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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE

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To: j.oil who wrote (849)	8/31/2000 12:59:13 AM
From: Blaumax	Read Replies (1) of 864

This one still intrigues me (earlier post). Found another interesting item in the 1998 Annual Report regarding SIY's 25% working interest in two Shell Canada operated exploration wells. It says "The wells were designed to test two large potential gas prospects situated in the deep basin region of Western Canada." One well was drilled, plugged and suspended in Elmworth, AB. The second well was drilled at Kelly, BC and also suspended. The real interesting part of this is "No further information may be released at this time for commercial competitive reasons". Still haven't heard squat about the gas and SIY isn't offering much info on this. Am I reading to much into this or is it common practice to plug, suspend and not release any information on a potential gas find?

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