Kestrel Energy (KEST): California & Australia Plays Message Board

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Gold/Mining/Energy : Kestrel Energy (KEST): California & Australia Plays

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To: Bob (Hijacked) who wrote (4)	8/22/1997 5:00:00 PM
From: Ed Ajootian	of 37

Bob, Kestrel is all set for the next round of drilling now. On Tuesday they spud the Greer, which is the one that could quadruple the stock price. This one is fairly deep (10,000 ft.) so it will probably be a month or two before any news on that comes out. Also, I believe they'll spud the Longhorn any day now. That one is worth about $.90/ share. That one is very shallow and should only take a few days to drill. I have looked at XCL but I pass on it because they have a spread as big as the Grand Canyon (in % terms) and anyway I think its silly that they keep that many shares out and don't just do a reverse split. But I agree I think they are on to some big stuff in China.

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