CARMANAH RESOURCES LTD ( CKM - TSE ) Message Board

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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )

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To: gil who wrote (255)	4/8/1999 7:30:00 PM
From: balisurf	Read Replies (1) of 269

Gil, Carmanah shares may very well soon be wall paper for the bathroom. Camar is shut in, the most recent well in Venezuela is very marginal as is that entire project under those fiscal terms and at those depths (expensive wells). Worse, the remaining commitments in Indonesia are formidable 1) two offshore wells in Langsa and 2) one more well in East Natuna. In Indonesia you do not simply walk away from these commitments and anyone taking over Carmanah will have to honor these. Carmanah is still a great short as they approach the bank deadline and they may be delisted very soon after..... Balisurf

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