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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Jim P who wrote (2127)11/16/2000 8:42:52 PM
From: Keith Minler  Read Replies (1) of 2306
 
Hi Jim; further details. A friend had a call into Pam since this morning and she got back to him a few hours ago.

The story is that there is a blockage in the well, this will require a service rig to be brought in before testing can take place. This is likely to take a few weeks.

They realize that this is very disappointing to shareholders and particularly damaging to their recently improving credibility.

They are still optimistic this will be a successful well.

BTW they had expected a higher runnup on speculation. The lack of interest indicates the doubts the market has.

As to funds dumping; I still don't think so; the problems at the well are more than adequate to explain the trading activity.

The real question is how low will it go before testing gets under way? This could be a helluva an opportunity.

Later

Keith
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