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Gold/Mining/Energy : Smoky/Boltan Natural Gas Exploration Play
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To: mrResource who wrote (26)4/29/2002 10:06:38 PM
From: teevee   of 32
 
Anything is possible. I see a number of factors here:

1. There will be any number of zones to test on the way down. Some of the zones could well be brine. Do you know how many zones are being tested? Are shallow zones in the Gething, Cadomin, Blue Sky etc. being tested on the way down? Are only deep Devonian zones being tested? It will be at least three weeks before we know the full story.

2. OLY bought back their stock at $2.38

3. OLY recently did a financing at $2.80

4. OLY has leverage in this well with 26.67%BPO and 44.00%APO.

At todays price, anything under @.75 doesn't have much downside risk, even if Bolten is a bust.
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