To: David Michaud who wrote (14 ) 7/12/1999 8:25:00 PM From: Nathan Hansen Respond to of 25
I think this qualifies as "in the sights". Navasota continues its search for Saskatchewan helium Navasota Resources Ltd NAV Shares issued 5,111,378 Jul 9 close $2.20 Mon 12 Jul 99 News Release Mr. William Sanesh reports In May, 1999, the company announced that it had secured exclusive rights for three years to explore for helium and associated gases in east-central Saskatchewan over more than 300 square miles of area. Helium has been reported in anomalous concentrations of from 2.0 per cent to 89.5 per cent in the area. Helium is usually a byproduct of natural gas production, economic to recover when the helium content is as low as 0.3 per cent. Worldwide demand for helium is robust. At U.S. plants, pure helium presently sells for more than 40 times the same volume equivalent of natural gas at the wellhead in Canada. Navasota's search of records of previous exploration in the region continues. All available cores from the nearest 17 test holes previously drilled (16 looking for oil and gas and one for minerals) were examined. This action confirmed that potential reservoirs exist in several formations in the region. A compilation of results of all previous work of any sort, on or near Navasota's permits, is under way. A summary of past reported helium occurrences will be provided on the company's Web site, www-navasota.com. The company's investigation shows that previously conducted search for helium in near-surface showings was inhibited by the high cost of in lab analyses and by sample handling delays. Therefore, Navasota has ordered a special, highly portable, helium gas detecting and measuring device. It permits analysis of helium in soil gas with a high degree of accuracy which can be done in minutes and on site. The instrument is Micro Gas Chromatograph (GC). It is made by Hewlett Packard. Nothing like it existed when earlier exploration was done. The company will use a strict protocol for maintaining accuracy of field results. It will do frequent calibrations of its instrument and submit, at random but as specified by independent labs, duplicate samples for confirming analysis by independent conventional labs/Navasota's soil gas sampling is only intended to better guide where seismic should be done or more area taken. Seismic should identify specific prospects to be tested by the drill. If all goes according to plan, testing with the drill should occur in the winter of 1999/2000. In late June and early July, Navasota's technical adviser made an aerial reconnaissance of the entire permit area and did a ground inspection of key past activity sites. He also represented the company at a general assembly of the community that may be most affected by the company's intended operations and explained to them what actions are planned. Navasota considers it important that all such facts be known to forestall possible future controversy based on rumour and gossip in this area where resource extraction is not a familiar activity. The company is beginning an aggressive campaign to increase investor awareness of the company and its projects. Starting in early July, it will conduct a large, sustained, direct mail program directed to investors who regularly invest in small-cap stocks. The company will also increase its presence on the Internet and will make spokespersons readily available for radio and newspaper interviews. This investor awareness campaign is intended to enlarge the shareholder base, a long-standing goal of the company. eom