first star energy FST on the ASE Message Board

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Gold/Mining/Energy : first star energy FST on the ASE

FST 10.18

+0.3%

Aug 25 5:00 PM EST

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To: Diamond Daze who wrote (232)	4/26/1998 9:29:00 PM
From: Ed Pakstas	Read Replies (2) of 754

FWIW... Got this from one of the News Letters I get... First Star Energy discoveryplace.com FST, along with Tusk (TKE on TSE), Dalton (DAL on ASE) and Loon Energy (LEY on ASE) are working on the Strachan Well in central Alberta. The drilling has reached total depth and the company's are evaluating the drilling information. The stocks all sold off dramatically two weeks ago when word leaked out that the upper zone was dry. However, there is a deeper zone which the market believes has significant gas, and we have seen these stocks rally back strong. No news out yet, but we expect the stock will start to move one way or the other shortly before the news comes out. We think we could see some more weakness in advance of the wait, but do believe that the upside move could still be considerable. Watch the stock for an up day with good volume support as a hint that may be good news is around the corner. 65% chance of being higher, but there is a significant risk of volatility.

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