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Gold/Mining/Energy : Best buys in current market

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To: Gavin who wrote (185)	7/15/1997 12:15:00 AM
From: diddlysquatz	of 210

I have a heck of a bargain for everyone, Western Logic Resources, WLT on the VSE. They are developing four different plays. Long Valley, Nevada - potential 25 - 50 million BOE Recoverable (Nevada has the highest average daily production wells in all of the lower 48 states with many producing several thousand boed) Montrose County, Colorado - potential 50 million BOE Recoverable Bottineau County, North Dakota - 65 - 100 boed (cheap to drill) Tatagwa, Saskatchewan participating in low risk development drilling with 6 to 9 month paybacks. Company currently produces around 60 boed which helps keep the doors open and the lights on. The company has minimal downside with incredible upside if either of the two big plays are succesfull. There is 10.6 million shares outstanding, insiders own more than 50%. The stock trades @ $0.15. A broker (Nesbitt) has caused the stock to drop from $0.20 by offering a block of 150,000 shares. I think this has caused a short term buying opportunity as it is now trading lower than the private placement insiders took down several weeks ago. Cheers, Paul

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