CURLEW LAKE RESOURCES (CWQ-VSE) Message Board

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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: Bearcatbob who wrote (182)	7/27/1997 4:40:00 PM
From: Dale Schwartzenhauer	of 701

Let's do the bad news/good news thing. The bad news is that the score feels like 9-0 in the bottom of the 9th, and the market perceives it as such. The good news is that, following a reappraisal of the data, a partial re-drill across the fault is possible. Optimistically, this could occur in 2-3 months if things stay on track. If it's much longer than that and/or the data is inconclusive, we may want to wait for the Texaco 3-D flyover in nine months. CWQ also has Turner Valley, which is apparently due for reactivation in the near future, and the Forum, where Breitburn Engineering is due to take over as operator from Shamrock; this should lead to a new drill site location and ultimately a test of the important City Zone. I won't venture a date for any of this as it's all in the hands of 3rd parties. The other areas of activity are related to development projects like Chestermere and the two waterfloods; these generate good cash flow. So CWQ should survive recent events. Dale

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