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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: John T. who wrote (56)12/9/1998 9:54:00 PM
From: Whynotte  Read Replies (1) of 272
 
And I had almost given up hope!

Sorry to be so late in coming back to the party but I had all but given up hope in finding anyone interested in this little ol' stock. Guess I will have to pop in a little more often now!

Now for a little news concerning an old Benz project in Mississippi....
Sources tell me that another operator other than Benz has been drilling around Oakvale Dome in Mississippi with quite a bit of success. A new well there is testing at a rate of 10 MMCFGPD after stimulation while the usually completions usually run 2-3 MMCFPD. Even with lower gas prices these flow rates can turn a nice profit!.

I also agree (and hope) that gas prices should bottom out in the summer of 1999. Hopefully companies like Benz will have a real opportunity to acquire underevaluated properties from distressed operators or the "megamerger majors" at a very reasonable price just in time for the rebound.

See you around,

Whynotte
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