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 : Navasota NAV The Helium Co. A Stock lighter than Air -- Ignore unavailable to you. Want to Upgrade?

To: David Michaud who wrote (12)	6/17/1999 12:45:00 AM
From: Webster Groves	Respond to of 59

Hello All, I'm new here but not new to natural gas and helium recovery. In the states helium is recovered from NG more or less by government edict. The National Research Council advised the feds that once helium is vented from a well, it's lost forever, so save it. The producers more or less would prefer to vent. Seems that the retail price is dictated by costs of storage and liquified delivery rather than production costs, so I don't see a lot of money here for producers. Can't pipe it around because demand is too low to justify the cost of the pipe. Sure, some outfits can make a few bucks, but you have to be where the usage is. Trucking the stuff south from Canada doesn't seem cost effective - not when you are competing with Texas and Colorado. So, my bottom line is the only thing rising here is hot air, or dreams, or is it helium - but not NAV. -wg P.S. Everyone in Canada knows that if you need an MRI (in your lifetime) then better go south of the 49th for a quickie.

To: David Michaud who wrote (12)	6/17/1999 8:12:00 AM
From: David Michaud	Respond to of 59

Navasota Resources Ltd - Navasota reprices options and private placement units Navasota Resources Ltd NAV Shares issued 5,111,378 1999-06-07 close $1.6 Monday Jun 7 1999 Mr. Ed Zederayko reports The company announced in Stockwatch April 30, 1999, cancellation of 209,488 previously granted stock options and grant of 377,531 new directors' and employee options at the exercise price of 65 cents per share. The Vancouver Stock Exchange requires the exercise price to be 97 cents. The non-transferable options are exercisable for five years and are also subject to shareholder approvals. This amendment reflects the positive market response to the news release in Stockwatch May 5, 1999, announcing acquisition of exclusive helium exploration rights in Saskatchewan. Navasota also announced in Stockwatch April 30, that, subject to regulatory approvals, it was arranging financing through a non-brokered private placement. The placement was for a minimum of 888,818 units and a maximum of 1,272,727 units. Each unit was to be priced at 55 cents and would consist of one common share and one warrant permitting purchase of an additional share within one year at 65 cents per share for every four warrants. The VSE asked to amend the unit price due to the positive market response to the news release in Stockwatch May 5, 1999. The agreed new unit price is 78 cents and the warrant exercise price is now 78 cents. The current placement will be 497,436 units. The warrant permits purchasers of units to purchase one common share for every one warrant. The units will not be transferable and expire after one year. Intended use of net proceeds of the issue, after paying legal and filing costs, is for the advancement of projects undertaken by the company and for general corporate expenses, including payment of incidental outstanding debts. In early May, 1999, the company learned it had acquired exclusive permits for three years to explore for helium and associated gases in east-central Saskatchewan. Navasota asked for and was given a greater than usual area, more than 300 square miles in an area where helium gas has been reported in anomalous concentrations of from 2 per cent to 89.5 per cent. In the United States, helium production is economic as a byproduct of natural gas production where the gas helium content is as low as 0.3 per cent. World demand for helium is robust and it is currently priced at over 30 times the present wellhead price of equivalent volume of natural gas in Canada. The company seeks to become the first significant commercial producer of helium in Canada. Navasota knows helium is a unique commodity. There is little known about the commodity, its properties, uses, how it is transported, how it is extracted, etc. To help explain this exciting exploration opportunity, the company will publish its report, condensing 12 person-months of research on helium on the company's Web site at www.navasota.com. The company will provide timely information about this project on its Web site.