Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: teevee who wrote (1659)	10/13/1998 9:57:00 PM
From: Jim P	Read Replies (2) of 2306

Hi Teevee, Where do you see bad news? 15 meters (over 50 feet) of pay still makes for a decent reserve. This well will be tested, I suspect with a smaller rig rather then the one that is on sight now, this makes sense economically. this is only one well of many with more to come. Don't loss sight of the bigger picture, it confirms the belief that the pool extends in that direction and is large. Todays release is not something anyone expected. It looks like BEA/STF are keeping a tight lid on developments. As a results it is difficult to make a quick return riding the ups on rumor. But I believe in time we will be rewarded for our patience. Proven reserves equaling 200 million dollars....wells on line in 1999 with a cash flow of $250,000 for STF and $500,000 for BEA per month.....not bad for starters. I would be ecstatic if I could get this much bad news on all my investments. Jim Jim

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