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Gold/Mining/Energy : Ocelot Energy, OCE.B-T

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To: Robert Dydo who wrote (2)12/14/1998 10:31:00 AM
From: James M. Belin  Read Replies (1) of 9
 
Robert,

I would be interested in seeing a copy of the recommendation by MacDougall. Would you be able to post it?

I have mixed feelings about this company. Statistically, it is very cheap. However, I do not have a lot of confidence in the Lyons family. For instance, why is Ocelot purchasing a stake in Snow Leopard, which operates in Kazahkstan. I noticed that Snow Leopard is headed by someone named Lyons. Are the two Lyons related? I do not know.

Ocelot is a bargain if oil prices rise. I am concerned whether the oil can be extracted in Gabon at a profit if oil stays priced at $10 a barrel.

Jim
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