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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Jim P who wrote (1360)8/21/1998 1:23:00 AM
From: Dale Schwartzenhauer  Read Replies (1) of 2306
 
Rumor has it that Curlew will participate in the Imperial farmout but not the deep sour gas play. They evidently want production rather than inventory, and the former can provide that. It's also a lower risk play, while the deep Devonian shots have had their share of water encroachment, etc. Since funds are limited, this seems like a wise move on the part of CWQ. The strength in BEA is a sign, to me, that the play is turning and CWQ may not be that far behind. At C$0.08, that's about $0.055 US or better, which I never thought we'd see again. Better for that level to hold, but one more new low would not be significant in my estimation. We should get some help from oil & precious metals prices now too.

Dale
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