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

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To: Bearcatbob who wrote (204)8/31/1997 3:21:00 AM
From: Dale Schwartzenhauer   of 701
 
Actually, the number of shares outstanding isn't all that much greater than it was a few years ago, and the APO interest in the Berkley well is comparable to the average interest in previous wells. Perhaps I should review what I posted, but my feeling is that CWQ could see C$1.50 on both wells being completed. Consider too, that much more acreage is at stake than what's being drilled. Also, there is the matter of future Crown auctions in Alberta, which could increase land positions even more. Remember, if Imperial or Berkley bring in what we were shooting at a few years ago (1k-5k bbls/day wells) we're talking about considerable cash flow numbers with hefty long-term reserves. So Turner is still a major play for Curlew.

Dale
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