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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: waitwatchwander who wrote (4277)	12/5/1997 3:06:00 PM
From: Kent C.	Read Replies (1) of 24928

Kerm / CVL Resources Hello Kerm, I was recently solicited by Canaccord to open up an account there. I asked the broker what stocks he followed closely and CVL Resources was the one he gave me. They are doing a financing through Yorkton and Canaccord at $1.05 (wts at $1.09?). The stock trades around $1.00 - $1.10 and is using to financing to explore their Australian properties. The company has reached an agreement to acquire interests in advanced oil and gas exploration permits in Australia, as well as interests in a joint venture in New Zealand. The permits cover more than 37,000 sq km in the Cooper/Eromanga, and Surat/Bowen Basins in Queensland, Australia, the Oaklands Graben area of New South Wales, and in the East Coast Basin, North Island, New Zealand. I want to see more information from the company before I consider joining the financing, what is your opinion of the company or area play? TIA Kent Courtice kent@investor1.com

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