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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Kerm Yerman who wrote (572)10/22/1996 9:44:00 PM
From: RJ Snider   of 24935
 
Kerm, The Sarcee play is interesting for people who still believe in
hitting the huge oil/gas discovery. The internal dealings by the operator,
John Young has impeded the testing so he was able to recoup some of his
money and position himself for a future upsurge of the Mart stock holding
he's now required. Mr. Young spent his own money opposed to any of the
other companies in this oil/gas play, each of the other companies trade
publicly on the exchange. He sought and found Mart Res. who bought him
out for 1 mil. dollars and 3 million shares of the company, at which time
he now has a piece of the pie without staking everything he has if the
the well doesn't come to the expectations of any of the surrounding wells,
like the Shell Jumping Pound 6 miles northwest 1 TCF and 1.7 TCF respectively.

I have a aquaitance who has varified the wells existence, as for what's
in the ground is anybodies guess. I was in the office of DVL on Friday
of last week and I was told the bottom of the well had be perforated and
there was Zero Water on the bottom 40 feet. Monday. I was told a sensor
that is lowered in the hole had severed and they were in the process of
bring everything back out of the hole to replace it and re enter the
hole to finish off the testing. I watched, as most of you on how this
has unfolded over the last 6 months and it has almost gone full circle,
the testing will be out shortly, and if not, the people on the sidelines
had this play pegged, but I hate to differ so!!! Good Luck!!!
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