Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba Message Board

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Gold/Mining/Energy : Cubacan Exploration (CCX - A.S.E.) Oil Exploration in Cuba

CCX 17.14

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Sep 30 5:00 PM EST

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To: E. Charters who wrote (112)	3/29/1998 11:16:00 PM
From: tg49ers	Read Replies (1) of 223

EC, I agree with you 100%, the stock price will tell alot and if there was something significant here, there would have been upward movement, let's face it they are a junior oil company that have only land and nothing else, any significant discovery would have moved the stock up. According to their press release they got hydrocarbon "shows" (gas detector) in 4 different zones, but they didn't end up doing any tests (I'm assuming DST's) because the equipment failed. So we virtually don't have any info on pressures nor quality of hydrocarbons until they finish production testing. As for the last zone which they had to plug back, they really don't give a reason why, I would be very interested in finding out what sort of problem(s) they encountered. I really hope I'm wrong, but insiders don't lie, I don't get the feeling that there is anything significant here. We'll have to wait on production results to confirm the quality of hydrocarbons and we may have to wait for the drilling of an offset well to confirm the size of the discovery. But I really don't think anyone should get their hopes up.

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