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 : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (1919)	7/8/1999 10:59:00 AM
From: Bearcatbob	Respond to of 2306

From a Berkley release today: In Alberta, the second half 1999 gas development program has commenced with drilling and testing activities at Wildhay and Cranberry. The initial Foothills gas tie-ins remain on schedule for a third quarter 1999 production start-up. The ongoing review of the existing Alberta development project inventory has identified three large incremental gas development projects that are expected to add 20-25 MMCFPD in the year 2000. New exploration locations are also planned in the Foothills belt and the Peace River High during the balance of 1999.

To: Bearcatbob who wrote (1919)	7/8/1999 4:16:00 PM
From: TANTRAMAR	Read Replies (1) \| Respond to of 2306

Hi Bob: Just had a chance to read today's Calgary Herald and there was another short article about the hearing titled, "Gas Well Plans Anger Community" . From my quick read of this article the intervenors lawyer is trying to make the case that since there is the possibility of also hitting oil that the application should be denied, because the company (Stampede) did not inform area residents of this fact. Stampede is saying the environmental rules for sour gas wells are more difficult than those for oil and thus they made an application for a sour gas well as the probability of hitting sour gas was higher than oil. One note of interest was the info in the Herald article on Stampede's long range area development plans. "The plan details 41 possible oil wells from 15 surface points." "McLeod called his company's long range development plan "extremely speculative," saying it represents only a best case scenario. The well could come up dry he said." I am not certain if the hearing is still ongoing but the Herald article did not say that it had concluded yet. Off topic, if the current weather trend in Alberta continues and is representative of the North American norm this winter, all us natural gas investors should freeze all the way to the bank. Regards from COLD WET ALBERTA.