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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: John Fairchild who wrote (2148)1/28/1997 5:44:00 PM
From: Kerm Yerman   of 24921
 
John / Windsor Energy

I'm happy you brought this one to my attention. I see they just listed on the TSE and raised $28 million to support their drilling program. It's amazing how fast they have come along on the Rincon property. When they purchased the property, it was only producing a little under 300 bbls/d, then went to 1300 very quickly and looks to double very shortly. They originally purchased the property from Berry Petroleum -- you have to wonder how they missed this potential which Windsor is experiencing.

I would like to learn 96 estimates and 1997 forecast in terms of production and cash flow. Shares appear to be consolidating over past few weeks and trading hasn't been in any real volume, except for one day. Company is new to financial world and appears underfollowed. If they get around to the institutions and tell their story, you might see a good pop in share value.

How did this company come to your attention?

Good Luck

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