Canadian Partners in Project Ekho Message Board

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Gold/Mining/Energy : Canadian Partners in Project Ekho

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To: Dale Schwartzenhauer who wrote (285)	10/28/2000 11:09:43 PM
From: grayhairs	Read Replies (2) of 311

Hi Dale. <<What I wonder is, with most or all of the JV dropping out, who will step up to fund the next round of fracs?>> Given the size of the prize (as projected by TRIL) wouldn't you expect TRIL to just grab back that ~87% interest and fund that portion of the frac at EKHO#1 themselves ?? With all that oil just sitting down there waiting to rip uphole at multi thousands of bbls per day it has to be a no brainer, no ?? Hell, at only ~$1.75MM with even just a 10-20% chance of success it seems like a near certainty. Isn't it ?? Even if TRIL has to do a PP of 1.5MM shares to finance it they must just be pissing themselves over their very good fortune. Yeah, right !!! I was actually hoping that Pincombe would keep his cheque for Whisky Creek instead. That afterall is a play with a "real" chance !! JMHOBWTHDIK. Have a good one. Later, grayhairs

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