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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (372)10/7/1996 7:52:00 PM
From: Barry Smith   of 24935
 
Dear Kerm,

I have been reading your info here and I am impressed with your knowledge.

I am new to the oil and gas stocks and I have come across a company "Eagle Energy" EGE, alberta. They have a joint venture project drilling in the Mediterranean with existing production in Alberta.

I called their office and they stated that the current well that they are drilling will be completed in 7 days. They are re-entering the drill sideways. They measured the well to produce 4400 bpd.

Do you know anything about Eagle and does this company have any potential for any gains. I know in the gold's that the stock jumps immediately on good news. Would this type of news (mentioned above) if it is indeed confirmed later in a week, represent any signifigant gains in the stock.

If you can offer your professional opinion, I would greatly appreciate it before I jump in with both feet.

Barry Smith
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