Canadian Partners in Project Ekho Message Board

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Gold/Mining/Energy : Canadian Partners in Project Ekho

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To: grayhairs who wrote (287)	10/29/2000 6:20:10 PM
From: Dale Schwartzenhauer	Read Replies (1) of 311

GH: here's another twist - If CWQ is the only JV partner remaining, that gives them 1st right of refusal on the other 95% of the cash call. So, if it's as big as TRIL claims, that makes CWQ a takeover candidate as the only sure way for an outsider to gain an interest that can be expanded all the way to 75% APO. Suppose a bigger oil company knows how to solve the frac issue--like BKP--a million shares of stock for CWQ and a couple million dollar cash call gets 75% of the prize. That would be less money than they've spend thus far in ELH. I know, that's all pretty far fetched, but what if... Dale

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