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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Oil man who wrote (285)	10/1/1996 9:37:00 PM
From: John Stopforth	of 24931

Oil man/ Abacan There are plenty of news releases about Abacan on Canada Newswire. From what I remember they have a buyer of their production, Total Petroleum, the big french company. The also have a deal with Slumberjy (sp) to build their infrastucture for part of the production. The production facilities are almost complete. My feeling is the shares are fairly price for present, they have risen dramtically in the last two weeks. If the price of oil falls the shares will fall with it and the price of oil rises the shares will rise. The wild card is their new drilling if they strike a new pool the shares will rise dramtically. The are due to give a report on this drilling in the middle of October. Here's another small Canadian company with an international oil find. cdn-news.com Happy hunting John

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