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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )
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To: saif who wrote (195)5/29/1998 11:08:00 PM
From: saif  Read Replies (1) of 269
 
As usual, half my guesses are wrong ! ! ! :-) :-)

I heard that Langsa plan has been approved by Pertamina, and CKM will
soon tenders for construction of facilities, to complete three existing wells each tested between 6,000 to 9,000 bbls/day, if everything goes alright CKM will be producing at a combined rate of 15,000 bbls/day by the first quarter of 1999 from Langsa alone. It took very long time for Pertamina to approve the plan, but patience pay off sometimes.

Let us hope that Oil prices will be cooperating at that time. Langsa is one reason why I have so much patience with this stock, add to that two other reasons Camar and Onado.

Omer
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