Pan East Petroleum PEC-TSE Several Projects Starting Message Board

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Gold/Mining/Energy : Pan East Petroleum PEC-TSE Several Projects Starting

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To: Keith Utz who wrote (48)	3/3/1998 6:51:00 PM
From: Syncrude	Read Replies (1) of 73

Thanks for the update. The lack of posts here is a reflection on the lack of news. Given the disappointment experienced by shareholders, we will need VERY good news to see the interest increase here and to see the stock price move upwards. In today's world, simply good news, never seems to be enough! Also the agreement with Chesapeake (which seems quite active, merging with Hugoton, buying other Canadian properties) has taken out any speculative takeover talk (only game in town?) I have noted the insider purchases and this is a good sign. TD Asset Management also holds a nice position. Again, thanks for taking the time to call the Company and look forward to their press release.

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