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Gold/Mining/Energy : Grey Wolf GWX - was Cascade COL - ASE
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To: Enigma who wrote (27)11/8/1998 2:49:00 PM
From: marcos  Read Replies (2) of 80
 
I don't know what happened up top, e - check out the header #Subject-22611 ... remember those links I put up there? ... nothing but a 0 now ... strange, must be an SI glitch. I had the GM&NR hot links and last 25 up there so a person didn't have to scroll all the way down the main GM&NR page;
techstocks.com
techstocks.com

It's getting about time for 3Q financials, eh ... maybe this week, maybe the next. There could be some hints of drilling schedules and maybe an update on Quirk Creek results.

I was just reading this page greywolf.ca and was surprised by this;

"Plans are underway to drill five high impact exploration wells this winter, all operated by Grey Wolf. Three are on a Slave Point Reef Gas play in northern Alberta, where the Company holds approximately 20% working interest in 84 sections of land. Reserves of +30 billion cubic feet per wellbore are hoped for in this play."

30 bcf? - seems like a lot, all assets including the Pacalta acquisition had 44 bcf as of 01/01/98. Of course, they do use 'hoped for' -g- .... and gwx's split is 20%, so to us that would only be 6 bcf. Still a lot, it's 'per wellbore' - I hadn't realised how 'high-impact' the Slave Point Reef was expected to be, I was concentrating more on the Norman Wells possibilities.

Kerm keeps collecting great articles (gas pricing this one) #reply-6332756
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