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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Buckey who wrote (6375)5/3/1999 12:12:00 PM
From: Dilution  Read Replies (2) of 24892
 
Re: Shoal Point/New Foundland - something big happening?

All I can say is that CIMA and Richard seem to have a good angle on that. What I can add is that the SFD correctly found and predicted dry holes on AntiCosti Island. Pinnacle refused a free, no risk 8% gross override from Encal who drilled them anyway. They were dry. Shoal Point, on the other hand, rang the bells on the SFD. Pinnacle took an 8% gross override on Encal's share. Now the top guys at Encal tell me Shoal Point is a very complicated structure with faulting etc, but that they are waiting anxiously to see the results given the prediction by the SFD. They went on to say that the map the SFD generated on the structure itself was unbeleiveably similar when laid over the seismic work that was eventually done. So, I believe in the SFD so I do feel something big will come out of Shoal Point. Let us hope CIMA has a good rumor source. CIMA, how good do you feel?

-Dilution
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