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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)
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To: CLK who wrote (202)8/27/1997 7:30:00 PM
From: Dale Schwartzenhauer   of 701
 
I hate to start by hedging, but I suppose it depends on how strong the final report is on the synthetic logs. If it doesn't look like at least a 50:50 chance, we won't contribute to the next phase. I expect it will be a go just the same. Meanwhile, CWQ has two wells preparing to drill in Alberta, one by Imperial Oil and the other by Berkley Pete. The last wells drilled there a few years ago took CWQ to the C$2 level, so I feel a 10 fold move is not unlikely from these levels (assuming successful completion). That should make it fairly inviting at C$0.15.

Best regards,

Dale
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