Going against all conventional wisdom I'll pick v.YGF and besides..it has a great name. <g>
Charts are sickly.
stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lh14,3!Lc20]
This is a dart throw with no point on the dart.
125,000 at .08
Anyone buying this stock needs a lobotomy.
ergo: It'll probably win this week. <g>
condorgoldfields.com
Coalinga Nose-
Condor Gold Fields is fully paid up on a 2% working interest in an 8,000 acre
Fresno County, California property, adjacent to two producing prolific oil & gas
properties. The Kettleman Hills Field, located on the same trend line, represents
2.9 Trillion cubic feet of natural gas of previous production and current reserves. A
previously drilled hole on the property encountered "off the scale" gas showings.
Positive mud logs from an early drill hole and a previously completed $2 Million
3-D Seismic shoot indicates a strong likelihood for success.
Information already gathered from this well has prompted the operator to declare
that they feel that this well can be classified as a discovery well. Condor’s 2%
interest could represent a potential massive upside for the company.
Condor Gold Fields Inc - News Release
Condor notified of completion rig arrival Nov. 19
Condor Gold Fields Inc
YGF
Shares issued 11,603,750
Nov 14 2001 close $.080
Thursday Nov 15 2001
News Release
Mr. Graeme Sewell reports
Condor Gold Fields has provided the following update on the Coalinga Nose 1-1
well. The company has been informed by Production Specialties (the operator) of
Woodland, Calif., that a completion rig will be on site by Monday, Nov. 19,
2001. The anticipated length of time to test the first perforated intervals should be
seven working days once the rig commences operation. Upon successful
perforation and determination of flow rates, the well would be connected to sales
within 45 days.
Preliminary evaluation of the log response from the Brown Mountain sand
formation indicates the following: The Brown Mountain sands in the Coalinga No.
1-1 well is found between 10,823 feet and 11,150 feet. There are three distinct
intervals of the Brown Mountain sands that should be tested in this well. The best
gas shows in the Brown Mountain sands were seen in the upper interval from
10,827 feet to 10,837 feet, and had 230 units of gas with 13 ohms of resistivity
and up to 24 per cent porosity. From 10,860 feet to 10,875 feet, the second
Brown Mountain sand intervals has 135 gas units and six to 18 ohms resistivity
with 22 per cent to 12 per cent porosity. An additional interval that may have
potential is found in the shales that overlie the Brown Mountain sands from 10,520
feet to 10,670 feet. This section had excellent gas shows (150 gas units) on the
mud log from 10,520 feet to 10,670 feet. The excellent gas shows in the shales
combined with their relatively high-resistivity values dictate that this zone must be
tested at some point in the completion of the Coalinga 1-1 well. These new zones
are in addition the Martinez sands, which may also contain up to 150 feet of net
pay. Condor Gold Fields has a 2-per-cent working interest in the Coalinga Nose
1-1 well.
The company's previously announced shares-for-debt transaction has closed with
the issuance of 2,195,890 of its shares at a deemed price of 10 cents per share,
thereby extinguishing $219,589 of indebtedness owed by the company to five
creditors. All 2,195,890 shares are subject to a hold period expiring at 12
midnight on March 13, 2002, under the policies of the Canadian Venture
Exchange. In addition, a total of 375,000 shares are subject to a hold period in
British Columbia that expires at 12 midnight on Jan. 25, 2002, a total of 137,990
shares are subject to a hold period in British Columbia that expires at 12 midnight
on Sept. 1, 2002, and a total of 235,400 shares are subject to a hold period in
British Columbia that expires at 12 midnight on Feb. 8, 2002.
(c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com |
