Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: johnlag who wrote (6549)	6/9/1999 11:30:00 PM
From: Kerm Yerman	Respond to of 24925

Johnlag / Paramount Resources Right on John

To: johnlag who wrote (6549)	6/10/1999 12:02:00 AM
From: grayhairs	Respond to of 24925

Ah darn John, You beat me !! FYI I'll point out that President\Chairman Clayton Riddell reported as follows (about the East Lost Hills #1 well) in POU's 1998 Annual Report: "The results of this well proved up the potential for this new deep frontier play in the San Joaquin Basin. Paramount has increased its exposure to this basin and play type by committing to participate in three further exploration prospects in the San Joaquin Basin in addition to the East Lost Hills prospect. Paramount expects to expend at least $20 million net exploring in the San Joaquin Basin over the next 2 years." That $20 million net that Clay makes reference to translates to gross program expenditures of over $80 million and about $10 million is Clay's own personal coin !!! Holy *hit, these guys are serious !!!! I think it is pretty safe to conclude that Clay thinks that there is something there. <ggg> Later, grayhairs