DALTON RESOURCES DAL:ASE Message Board

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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 57.84

-1.2%

Nov 6 3:59 PM EST

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To: Ed Pakstas who wrote (247)	4/28/1998 9:49:00 AM
From: Michael M. Cubrilo	Read Replies (1) of 486

Ed, I do not give it as much credence as, say, a company with real earning which is in a certain line of business. For example, just before Canadian 88 Energy made a run at Morrison Petroleums, the Board of Directors of Morrison was implementing a "poison pill". Usually, management of potential takeover targets adopt poison pills and lucrative severance agreements and management contracts to protect themselves in the event of a takeover. As Peter has pointed out, this may amount to nothing. I have a question: Is this the same Dalton Resources which was involved in drilling a high risk/high reward well on the Tsu Tsina Indian Reserve West of Calgary about 1 year ago. Was that also not a highly touted, deep gas play? I don't mean to rain on the party, but if it is the same company, the Tsu Tsina well turned out to be a great water producer. Remember, the statistic still holds: Average rate of success for exploration wells in Alberta: 10% mike

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