CAVELL ENERGY CORP { KVL TSE } Message Board

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Gold/Mining/Energy : CAVELL ENERGY CORP { KVL TSE }

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To: Braincramp who wrote (168)	2/21/2002 6:57:05 PM
From: Scott Mc	Read Replies (1) of 190

How does the press release sit with you? I still see it as very cheap and added to my position when it was under .70, I feel limited downside and a potential 70%+ return. Scott Cavell Energy Corp - News Release Cavell provides findings of independent reserve report Cavell Energy Corp KVL Shares issued 32,295,564 Feb 20 2002 close $.700 Thursday Feb 21 2002 News Release Mr. Murray McCartney reports CAVELL ENERGY CORPORATION'S 2001 DRILLING RESULTED IN 1.61 TI ... Cavell Energy has released the findings of its independent reserve report by Martin & Brusset Associates (MBA) as of Jan. 1, 2002. Cavell reports proved reserves of 4,969 million barrels of oil equivalent plus probable reserves of 1,782 million barrels for a total of 6,751 million barrels of oil equivalent. Established reserves decreased in value from $53.4-million at Jan. 1, 2001, to $47.3-million at Jan. 1, 2002, based on a discount rate of 10 per cent. As calculated below, Cavell's net asset value per outstanding share is $1.35.

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