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Gold/Mining/Energy : Kestrel Energy (KEST): California & Australia Plays

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To: YOYO who wrote (18)4/13/1998 9:53:00 PM
From: Ed Ajootian   of 37
 
Yoyo,

Haven't been following this one too closely even though I still own a chunk of the stock. Great to see that developmental well hit. Maybe now they can get back to break-even cash flow.

The upcoming California gas wells are what will get me excited. Each one has a shot to pop the stock by about 3/4 of a point, a massive 75% move up from here.

The 3/31 news release did not mention the upcoming Melanie well out in Australia. KEST has a small piece of that one but it is a huge target. You can read about it in the Victoria Petroleum web site.
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