Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Bearcatbob who wrote (110)	1/4/1998 5:25:00 AM
From: Dale Schwartzenhauer	Read Replies (1) of 2306

Bob, you may be right about the Forum. I have to say that I like the idea of having a drilling program run by the majors, as compared to a small company operator. I suppose I'd favor a farmin by a major in Bacon Island for that matter. That doesn't change the potential at the Forum, but I'd like the next round of drilling handled by a Unocal or Exxon. We won't likely get that, but there is a greater comfort factor in having the large companies put in their own money and oversee drilling. That's why I feel the strongest chance we've had at a major find lies in Turner Valley. The size of the play is large in acreage and there are potentially multiple hydrocarbon bearing horizons. Even Curlew's average 4% APO would make a C$7.50 stock if the 400 million bbls recoverable is confirmed and capitalized into the market. The Forum could add another C$2.50 to that price tag based on expected reserve potential. So the two projects could make a C$10 target realistic under the best case scenario. That would make my year! Dale

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