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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (737)	8/4/1999 3:32:00 AM
From: Garry R.	Read Replies (1) \| Respond to of 754

Hi Scotchman, Always good to hear what the grape vine's saying. Between Grayhair's and yourself, think we should be expecting a long overdue PR in the middle of September. In regards to the pipe size, Grayhair's mentioned a flow rate of 5 Mmcf/d, will a 2 " pipe be adequate for the task? So if Gulf is in for 51%, does that mean they get 51% of the proceeds of any gas sold? If so, is that high, low or average for this type of arrangement. Sounds like alot to me. Has your rumour mill heard any plans for the twin well(s?)?? Any info I can get helps me sleep abit better at night. Muchly appreciated. Regards, Garry

To: Scotchman who wrote (737)	8/4/1999 6:29:00 PM
From: kingfisher	Respond to of 754

Hi Scotchman, You mentioned that the 2 inch line will only be 5 miles long.How long did you expect it?If 5 miles is long enough for this tie in why would they put a stub on it until they know where the next well will be? They plan on shooting 42 sq miles of 3D seismic to help them determine the best location for a follow up well. In Tusk's annual report plans were for a 6 inch line capable of handling 22 MMcfd.A 2 inch line will only be able to handle flow from this well only. Perhaps First Star wanted to wait till the next deep well was drilled and tested before designing an appropriately sized line capable of handling the flow from 2 or 3 wells? A production history is required to help a major player decide to participate in a second Swan Hills test. Best Regards, Richard P.S.The sweet well was supposed to spud in March of 99 but Tusk decided to go for a 10% bpo instead of 30%.They put their money into a B.C.gas project which looks promising.