Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: MrsNose who wrote (2310)	5/4/2001 6:29:33 PM
From: Al Collard	Read Replies (2) of 11802

Margie, news on your pick for next week BKR-v: Berkshire completes financing for Idaho well interest Fri 4 May 2001 News Release Mr. Paul Larkin reports Further to the company's news release dated April 16, 2001 (see Stockwatch April 17, 2001), the company has completed the financing required to purchase a 30-per-cent participating interest to drill an oil well under a farm-out arrangement with D.Y. Explorations Inc., of Boise, Idaho. Road and pad construction to the site were completed this week and May 4, 2001, has been set as the spud date. Subject to acceptance by the Canadian Venture Exchange and the consent of the warrantholders, the company will reprice a total of four million share purchase warrants currently outstanding to 10 cents per share, instead of 12 cents as announced on April 16, 2001. Two million of these share purchase warrants are currently exercisable at a price of 19 cents per share until Aug. 29, 2002. The remaining two million share purchase warrants are currently exercisable at 18 cents per share until Sept. 4, 2002. The average closing price of the company's shares over the preceding 10 days were 9.5 cents.

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