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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: gord who wrote (3739)9/22/1997 12:27:00 PM
From: Kerm Yerman   of 24938
 
Gord / Fox Energy

Apparrently they were drilling a high potential well that didn't turn out. I question the severity of the drop in value of the shares and will be calling the company.

I know the company was going to have an equity offering in the $0.90 range to support the oncoming drilling program. Where that stands at this point - I don't know.

My main concern is with unexpected declining rates of production and am in hopes that this is not the case. I can live with the dissappointing well - but not declining rates in production. If they are not experiencing such declines, shares are oversold.

If anyone has specific questions regarding Fox, e-mail me and I will ask while on the phone with the company. I have e-mailed them several times for information and have yet to see a reply.

If anyone has already called the company, let us know the highlights.

My e-mail address is yerman19@borg.com for those of you with questions.
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