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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE)

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To: Kevin Vickers who wrote (250)4/7/1998 2:01:00 AM
From: Dale Schwartzenhauer  Read Replies (1) of 701
 
Kevin: thanks for keeping alive a thread of our own, apart from BEA! The land deal of Apr 1 was less than anticipated in terms of the land acquired and seems to have targeted only the gas cap of the discovery area. Esso seems to want only the gas in the immediate future as they have a gas plant to supply. I think the long term of this play is clouded only by the ability of these juniors to maintain their interest in step with the majors. CWQ should be able to maintain its interest in all future activities but there are no guarantees. In the shorter term, we may not get any news of substance until mid-May when the Esso well completes the 60-day pressure buildup test. Even then, they're under no obligation to release any info for the full 12 months of the confidentiality agreement. So it could be a little dry from a news standpoint for awhile. But I think the fundamentals are solid and that says a lot.

Best regards, Dale
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