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Gold/Mining/Energy : Gleneagle Petroleum - VSE
GPC 122.80-0.7%12:25 PM EST

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To: Carol Barnes who wrote ()1/26/1998 6:34:00 PM
From: gtr  Read Replies (2) of 28
 
GPC is a 6.75% participant in a well that is being drilled in Tunisia. It is called the Sud Nefta-1. It is being operated by Eurogas(EUG), with First Calgary Petroleum(FCP) also in on 10%. Apparently rumour has it that things hev been going pretty good so far. The well is almost at total depth and we might be seeing some results as early as this week. With the funny action in this stock last week, it almost looks like a shake-out before a big move. Tons of volume lately. Just looking at the chart I am predicting .55-.60 by week end. Possibly more if we get some positive results. I could be wrong though.

GTR
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