Kestrel Energy (KEST): California & Australia Plays Message Board

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Gold/Mining/Energy : Kestrel Energy (KEST): California & Australia Plays

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To: Arktic who wrote (32)	3/28/1999 8:47:00 PM
From: Ed Ajootian	of 37

Paul, The 62% rise does not make any sense unless folks are thinking ahead to the next well, the Tumuli. That well, in the PNG, is targeting 352 mmbo of oil and KEST's 2.5% interest would be worth $6 a share using $3 oil. This current Australian target is small in comparison, 33 mmbo. I saw something about FXEN getting into gas production over in Poland. What are gas prices like over there? From some recent reading I'm getting all excited about where gas prices will likely be a year from now here in the US.

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