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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v)
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To: Henry Volquardsen who wrote (1593)3/5/1998 1:49:00 PM
From: CLK  Read Replies (2) of 3335
 
Once again I appreciate your answer which is based on a great deal of actual familiarity with the situation which, of course, I do not have. Here is some "On Topic" news: SIR and ERB just made a news release announcing : "1,350 ft of care was shipped" and " Preliminary analysis of the core and geophysical logs..have indicated encouraging results from conventional gas from porous sands"..and.."testing of the core for coalbed methane gas is continuing and results are anticipated to be ready by the end of March." Lastly it notes, "Further testing of the Ferndale 1-A well will be carried out in order to confirm commercial gas rates." Comments: That is a long segment of coal core, results are coming soon, and the new news about conventional gas sources (sands) means a potentially larger hit. I would guess that the gas in the sands come from the coals. If they confirm the flow rate to be economic, all the pieces should be in place, assuming the coalbed analysis is also favorable. Too bad we do not have a coal geologist on this thread who is as knowledgeable about coalbed methane as you are about European Geopolitical and economic forces. If we did we would be way ahead of the game.
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