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Gold/Mining/Energy : Charger Petroleum Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Superstone who wrote (6)	6/11/1999 9:57:00 AM
From: johnlag	Respond to of 58

Is it standard procedure to 'experiment' on different depths when this well is going to be a bonanza? That's new to me. Usually the boys at the site just want to perf the great zone and start testing her and get revenue and test flows. Learn more with step-outs. I've been around these one-well 'company makers' a lot, one test does not a $10 stock make. I will short more at these inflated prices into any strength run-ups. I am patient. By my calculations, even a TCF discovery is built into current prices. BEFORE TESTING. Monday is the only the beginning, the next few weeks to two months should give you a better idea where the stock will head. I say to realistic values. Jeff did return calls later in the day - my correction. I'm not saying there's not a great well in Texas, but Charger is trading at a 50% premium to Westminster Resources, a 3200 bbl/d company with plenty of high impact exploration on the go. Go figure. And, look at that book value of $1.6 million just at March 31, now it's suddenly worth $150 million? Have a great day and weekend, John

To: Superstone who wrote (6)	6/14/1999 10:09:00 AM
From: johnlag	Read Replies (1) \| Respond to of 58

Come Monday morning, bid $5.85 with the momo's playing games with the market again. Showing a big 10,000 share bid at $6.10 after an uptick (so a short can't hit it), then pulling the big bid. Probably trying to scare in some buying by making the market look healthier than it is. I need a hero! Any update, oh Superstone?

To: Superstone who wrote (6)	6/14/1999 5:47:00 PM
From: johnlag	Read Replies (2) \| Respond to of 58

Monday, June 14 close price of $6.85. Market capitalization of $170,000,000. Quite impressive. I was just perusing the Charger annual information form and wanted to share some VERY impressive excerpts: These guys are on the fast track! Financial Condition and Results of Operations Total revenue increased 188% for the 12 months ended December 31, 1998 as compared to $58,540 for the 9 month period ended December 31, 1997. This significant increase was a result of increased production. Production for the 1998 year increased 145% from an exit rate in 1997 of 11 BOE per day to 27 BOE per day. Operating expense was $55,391 in 1998 compared with $32,189 in 1997. This resulted in operating netbacks of $9.65 in 1998 versus $8.32 in 1997. Operating activities resulted in a net loss of $128,207 or ($0.03) per share for the twelve months ended December 31, 1998 compared to a net loss of $153,617 or ($0.08) per share for the nine months ended December 31, 1997. GENERAL DEVELOPMENT OF THE BUSINESS The Corporation completed its initial public offering on November 27, 1998, issuing 3,847,500 common shares for $0.25 per share. On November 30, 1998, the Corporation acquired all of the issued and outstanding shares of Torrence Resources Inc., a private oil and gas company. Employees/Consultants As at December 31, 1998 the Corporation had one employee and two consultants who collectively attended to the management and daily operations of the Corporation. Additional consultants are retained from time to time on a contract basis as needed. Find this and more at: sedar.com