Grey Wolf GWX - was Cascade COL - ASE Message Board

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Gold/Mining/Energy : Grey Wolf GWX - was Cascade COL - ASE

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To: marcos who wrote (2)	8/24/1998 7:16:00 PM
From: Enigma	Read Replies (1) of 80

1. GWX is 90% gas presently 3. Not in relation to a TSE listing- I don't think so at any rate, at present there is no plan for a rollback so far as I know. Now if there was very positive news and the stock was considerably higher that could be a different matter. Stock is quite thin at these levels Yes, I mean Quirk Creek - GWX is paying 20% to earn a 15% interest. This is also a 'high impact' well. You will remember that the stock went to about 80 cents when the Pacalta purchase was announced back in the Fall of 97. IMO the stock drifted down when it became apparent that the company hadn't arranged financing to acquire 100% of this asset - instead only picking up 8%. With the recent acquisition of the balance of 92%, that roadblock is out of the way - so hopefully the present price will be a base for a slow take off, accelerating when some of their large exploration plays hit - hopefully Quirk Creek first in a few weeks - although I don't know how much info. Shell/Esso will provide? E

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