Parkcrest Explorations Ltd. - Discovery 4,116 BPD Message Board

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Gold/Mining/Energy : Parkcrest Explorations Ltd. - Discovery 4,116 BPD

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To: Jeff who wrote (83)	2/21/1998 7:19:00 AM
From: Ed Ajootian	Read Replies (1) of 94

Jeff, Results of the test of the downhole zones due out next week and we spud the Cannacabare on or about 3/1! I really like the way these HEC guys operate (industry pun intended!). As I've already laid out earlier time was running against them in their quest to both: 1) do an exhaustive suite of tests on the 5 or so pay zones they found in the Estero #3, but also, 2) get the damn Cannacabare well spudded so they wouldn't have it get stuck up there when the rains start in April. Turns out there was a Lasmo service rig just hangin' around collecting dust. So HEC is gonna use that baby to test the zones uphole of the Ubaque. This frees up HEC's drilling rig so it can get dismantled and moved over to the Antejeos, in order to be ready to spud next week or so. Is this cool or what? I admire their resourcefulness. So within a few days we find out whether the Paleozoic is productive and we find the production rates of the Ubaque in the Estero #3. And the Ubaque is gonna be big here, believe me. I forgot whether I've mentioned this or not, but soon after they started drilling ahead after putting out the latest news release they found TONS more pay in the Ubaque! They had thought the 12 ft. of pay that they found initially was the only productive zone there, but now it turns out that that was just a sliver of oil that had migrated up a little higher than the mother lode further down. Is it better to be lucky than smart or what?! The only reason they decided to drill further was to go for the Paleozoic zone further down! Please folks, for my sake and yours, DO NOT go calling representatives of each of the companies involved in this play asking for confirmation of this info. Just accept it for now and do what you want with it. These guys can't stand being put on the spot and the HEC folks in particular are gonna be real pissed at this. They keep blaming the ROH/PKC camps for leaking this stuff but little do they know that much of this info has been gleaned from folks not involved with either organization! Why do I like to get myself in trouble? I just feel I owe it to all my fellow cyberbuddies here to give you a little heads-up. This is what the internet is all about IMO. Based on recent trading activity for this turkey, it looks like all have given up on it. Its time we started banging the drums on this and started letting folks know what's really going on. I had thought about selling into this recent downdraft but fortunately held off.

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