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Strategies & Market Trends : Ride the Tiger with CD

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To: TheSlowLane who wrote (4913)	2/26/2004 10:41:57 PM
From: dara	Read Replies (1) of 313059

Paul, Did you listen to the ADB conference call? I thought it sounded very upbeat. They're currently drilling at Moose Bay for coalbed methane and drilling in Mexico for silver. Also they said that they would be drilling 4 wells in the next 2 weeks (I didn't catch the location) Regarding the drilling in Mexico they mentioned two intersects that had good grades in their recent results indicating that the ore body may be more to the east so they would gear their next drilling towards that area. They are half way through their phase 1 drilling and have the phase 2 drilling scheduled. They also mentioned that they are looking at two more possible acquisitions. They were expecting to generate US$15,000 per day from their wells in the US by the end of June. (My apologies for any misunderstandings, errors et cetera.)

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