Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Bearcatbob who wrote (2302)	7/25/2002 9:36:31 PM
From: Dale Schwartzenhauer	Read Replies (1) of 2306

Bob: what level would you consider to be commercial, 200 - 300 bbls/day? I believe any commercial success will be inspiring to investors, but another "geological" success doesn't put any bread on the table. It appears to me the market has already discounted anything close to 1000 bbls/day. I think the only thing that will collapse the market now is a flood of formation water, which doesn't appear to be our problem this time. Repeating what one outside observer commented, these cleanup operations can last several months. To a large company with diverse operations, it would go unnoticed. But for us, it becomes a daily chore to keep our collective chins up. Good luck to us all. Dale

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