Caspian Sea Oil Message Board

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Gold/Mining/Energy : Caspian Sea Oil

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To: a. paisley who wrote (40)	9/12/2004 11:00:57 PM
From: Copperfield	of 41

Thank you for the tip. I looked into the stock but am not sure if it interests me. I have followed companies like this before that operate (or once did) in Ukraine such as Epic Energy, Kroes Energy and Industmin. There are a lot of marginal oil and gas field that need working over or exploring in the former USSR. They seem to like to interest small Canadian companies. As far as I can find out SPRU has about 1.1 billion shares and $650,000 in debt so the cap would be about $4.3 million at the bid of .0045. I don't know if SPRU has any money to take out oil/gas leases, operate in Russia and drill for oil and gas. Sure, there is oil and gas there but operating costs now in Russia are not much cheaper than here, expecially for foreign companies. There is a thread on Investors Hub and at least a couple fellows have bought 2-3 % of SPRU. Do you own any?

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