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: viper who wrote (512)	6/11/1998 9:20:00 PM
From: kingfisher	Read Replies (1) of 754

Hi Viper, What is your guess as to how much gas will eventually be proved out at Strachan with 3 wells or more?After taking a closer look at the seismic anomaly it appears to cover 10,000 acres of land minimum and assuming with 100 meters of pay I am guessing 600 billion cubic ft. Also what is your take of the percentage of investors/speculators who are poised to sell at the first signs of significant strength for a quick flip? The serious money in this play to me will be made by the people with the stomach to withstand the expected market turmoil and hang on for 1 or 2 years minimum.Look at how Berkley went from $4 to $30.How many investors who held Berkley at $4 sold at $8 kicked themselves for now waiting a bit longer. Richard

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