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Technology Stocks : Pinnacle Oil International - PSFD (SFD Technology)

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To: Dilution who wrote ()5/18/1999 12:53:00 PM
From: Dilution   of 51
 
Another Telegram article found by Len Hynes and posted in another group. Len wrote regarding Shoal Point:

...Here is an edited version of a fairly lengthy article in Saturday's Telegram on Pinnacle Oil's involvement in this Oil Play.

A feature article in this weekend's Telegram entitled"Sensor reported to find oil deposits from Airplane", describes how Pinnacle Oil Int. Ltd. with its Stress Field Detector(SFD) technology, is predicting a commercial oil field at Pan Canadian's Shoal Point well-site.The article reports that Encal offered Pinnacle an 8% royalty from its
percentage interest in the Shoal Point well.Dan Topolinsky,former senior VP of exploration with Renaissance Energy, now President of Pinnacle claims that the technology is 85% correct when it flies over oil or gas accumulation.

The SFD survey system operates on the theory that subsurface mechanical stress in rocks and pressure differentials in fluids produce above ground, non-electromagnetic energy patterns.

Having correctly predicted dry holes at AntiCosti Island, the technology is beginning to garner the attention of oil exploration companies.With Pan Canadian approaching target at its Shoal Point well, we won't have long to wait to see if Pinnacle has accurately
zeroed in on the "golden goose" that many oil exploration experts believe is lying in wait somewhere on the West Coast of Newfoundland.

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