PROGRESS OF TOP TWENTY PORTFOLIO
SEPTEMBER 28, 1996
EXACTLY FOUR MONTHS OF ACTIVITY
TABLE II
_____________________________________________________________________
Company # Original Original Current Current
Name Shares Price Investment Price Value
_____________________________________________________________________
Upton Resources....... 600 $ 4.10 $ 2,460.00 $ 6.95 $ 4,170.00
Genesis Exploration... 975 2.65 2,583.75 4.20 4,095.00
Lateral Vector........ 2100 1.20 2,520.00 1.69 3,549.00
Penn West Petroleum... 300 8.40 2,520.00 11.50 3,465.00
Truax Resources....... 2400 1.10 2,640.00 1.40 3,360.00
Newport Petroleum..... 525 4.80 2,520.00 6.25 3,281.25
High Point Energy..... 4800 .55 2,640.00 .65 3,120.00
Vermilion Resources... 1800 1.40 2,520.00 1.70 3,060.00
Barrington Petroleum.. 600 4.10 2,460.00 5.05 3,030.00
Talisman Energy....... 80 31.10 2,488.00 36.80 2,944.00
Cimarron Petroleum.... 175 14.50 2,537.50 15.75 2,756.25
Maxx Petroleum........ 1400 1.85 2,590.00 1.90 2,660.00
Stampeder Exploration. 475 5.25 2,493.50 5.55 2,636.25
Renaissance Energy.... 65 36.30 2,359.50 39.55 2,570.75
Morrison Petroleum.... 290 7.65 2,218.75 8.80 2,552.00
Richland Petroleum.... 560 4.35 2,436.00 4.50 2,520.00
Jordan Petroleum...... 300 8.40 2,520.00 8.05 2,415.00
Venator Petroleum.... 1475 1.69 2,492.75 1.50 2,212.50
Alberta Energy........ 100 25.45 2,545.00 xxxx xxxxxxxx
Blue Range Res........ 30 10.75 2,472.50 xxxx xxxxxxxx
_____________________________________________________________________
Original Investment $50,017.25 xxxx xxxxxxxx
_____________________________________________________________________
Sold
Alberta Energy........ 100 $ 25.2 ($ 2,520.00) xxxx xxxxxxxx
Blue Range Res........ 230 7.50 ( 1,725.00) xxxx xxxxxxxx
Bought
Elk Resources........ 400 $ 6.35 $ 2,540.00 $ 6.40 $ 2,560.00
Canadian 88 Energy.... 335 5.05 1,691.75 5.85 1,959.75
_____________________________________________________________________
Grand Totals $50,004.00 $58,916.75
_____________________________________________________________________
Portfolio Progress to Date = +17.8% Since 5/28/96
_____________________________________________________________________
I have constructed this table to show original investment and
changes which occurring thereafter. One may follow true progress
in this manner. Original investment will always be @$50,000.00.
An attempt will be made to reinvest equal amount resulting from sale
(deletion).
_____________________________________________________________________
Alberta Energy was deleted primarily to relist security which
offered better return. Company is still considered good investment.
Blue Range Resources was deleted due to unexpected rapid decline
in some of their wells which will result in write down of reserves
and change in net asset value.
_____________________________________________________________________
..................................End................................ |
