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Microcap & Penny Stocks : EUGS (Eurogas Inc. New York, NY) *** Not in Canada ***
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To: Roland Schmitz who wrote (181)8/31/1997 5:34:00 PM
From: Roland Schmitz   of 198
 
Review of Eurogas in German newspaper "FINANZEN" september issue.

Eurogas is preparing a Nasdaq listing with investmenthouse Oppenheimer & Co to be achieved in some weeks.Oppenheimer confirmed to be the the financial advisor ,but said also that their analyst Paul Hayes visited Eurogas and that he would not recommend the stock.The promoted stock market value has no relation with real assetts.
Eurogas likes to decorate with good reputation companies .Texaco confirmed the joint-venture but they did invest only 500000 up to date.
Nobody knows howether that big Us company AMOCO stopped exploration in south Poland after investing already 20.000.000 Us dollars,their gas field is next to Eurogas'.The costs to extract gas in these fields are to high said a spokesman.
The high number of issued and outstanding shares is another matter of concern.
Finally eurogas paid 479000 dollars to Mr. Wolfgang Rauball as advisor.It seems he was involved 1989 to sell worthless stock to little investors from Vancouver listed AIGNER HOLDING.

Thats is mostly all of the article,as personal opinion i prefer waiting for Nasdaq listing if it ever comes, to consider investing in this company.
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