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 : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole -- Ignore unavailable to you. Want to Upgrade?

To: Murray Nightingale who wrote (60)	7/14/1999 1:30:00 PM
From: Robert Raymond	Read Replies (1) \| Respond to of 104

Murray or anyone else: Any clues as to who the mystery Calgary company being sought might be? ---------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: HYDUKE RESOURCES LTD. ASE SYMBOL: HYD JULY 13, 1999 Hyduke Resources Ltd. Proposed Acquisition EDMONTON, ALBERTA--Hyduke Resources Ltd. (ASE:HYD). is pleased to announce that it has entered into an agreement in principle to purchase the shares or assets of an arm's length corporation in Calgary, Alberta. The prospective acquisition is an established company, which has been in business for more than 20 years, specializing in fabrication and hi-tech machining. The company has a 30,000 square foot operating facility which is one of the largest in southern Alberta. It also manufactures proprietary percussion drilling bits, under reamers and stabilizers. The percussion drilling bit technology is patented and is currently sold worldwide. The due diligence process is currently in progress and the acquisition will be subject to approval of the Hyduke Board of Directors and regulatory authorities. There is no assurance that the discussions will lead to a definitive agreement. Hyduke also announces that effective November 9, 1998, it has changed its name from Hyduke Capital Resources Ltd. to Hyduke Resources Ltd. Hyduke Resources Ltd. provides a broad range of products, service and equipment to oil and gas, forestry and mining sectors. Hyduke divisions include B. W. Rig Repair & Supply, Reliable Airflow Sales & Service, and CanWest Crane and Equipment. ---------- regards Robert Raymond

To: Murray Nightingale who wrote (60)	7/22/1999 10:34:00 PM
From: Hank	Read Replies (1) \| Respond to of 104

I'm told that the big US and International service companies have been gobbling-up every little service company that exists. I would suspect that is why Wenzel is moving. Even if they don't get taken out the company is doing very well. The projections for drilling this coming fall and winter are expected to be extremely high so no matter what happens in the next few weeks or months I think Wenzel is in good shape to provide some strong returns for shareholders. The run up to the release of financials should push us over 2. Any thoughts out there?