CURLEW LAKE RESOURCES (CWQ-VSE) Message Board

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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: Bearcatbob who wrote (680)	7/18/2001 5:29:08 AM
From: Dale Schwartzenhauer	of 701

Bob: I don't hear anything at Ekho, and I believe the kitty is dry where any testing is concerned. Also, TRIL would be precluded from taking out the other CDN companies unless they proceed with the announced frac program. CWQ would be hard pressed at this time to come up with $100k for their 5% share, but I'm sure they'd like to. Perhaps they would farm-out their W.I. for a GORR, just to remain in the game. Or possibly the 2-34 would provide enough market action to exercise some warrants and options. Time will tell. Meanwhile, I hear they may have a 3rd well at the Camp Colorado Gas Prospect in Texas (with potential for another 10-12). These are small wells in terms of market action, but may contribute some cash flow without requiring much investment. If they could get one that does 5MM/day, that would be a big deal. I recall that Chestermere was such a play--originally thought to be small producers--but turned out to be larger. So, the Coleman County deal may be better than expected too. Just a bonus on top of the large potential Turner Valley. I hear the Forum may come alive too, but I've heard that for a long time with no action. Dale

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