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Strategies & Market Trends : OUR UNDER .14 PICKS AS WINNERS AND WHY?? VSE ONLY -- Ignore unavailable to you. Want to Upgrade?

To: Cyril Swim who wrote (27)	10/6/1999 10:17:00 AM
From: The Osprey	Respond to of 98

And as quickly as the momo came it left on VPR.V.....They must be getting ready LOL EDIT--.12's are gone Cyril as I type this but the orders are not filling in behind it so be careful.Still a good deal under .14 though in my opinion and mine alone I think. The Osprey(PHPI)

To: Cyril Swim who wrote (27)	10/6/1999 10:49:00 AM
From: The Osprey	Read Replies (2) \| Respond to of 98

VPR.V---Last at .14 and floor is building behind it.This is one of the first ones of the portfolio to wake up since the thread started. 18K on the offer and then on to the .15's. The Osprey I suspect there is a news leak on the Cal Canal Play.Don't know anything just hypothesizing.If it is good we are just getting started. "Vital Pacific Resources Ltd - Vital Pacific joins Solana California Gas Exploration Syndicate Vital Pacific Resources Ltd VPR Shares issued 28,867,355 1999-09-22 close $0.08 Thursday Sep 30 1999 Also Solana Petroleum Corp (SOP) Mr. Daniel Kostiuk reports Vital Pacific Resources has joined the Solana California Gas Exploration Syndicate. The syndicate is led by Solana Petroleum California LLC (Solana), a subsidiary of Solana Petroleum Corp. of Calgary, and is made up of independent resource and other companies. The syndicate is being formed to acquire, explore and develop oil and gas prospects in the San Joaquin and Sacramento Basin of California and possibly elsewhere. Solana will be manager of the syndicate. Through the syndicate, Vital Pacific has purchased a 6.25-per-cent working interest in a 40-acre tract held by ABA Energy Corporation of Bakersfield, Calif., on the Cal Canal anticline in the San Joaquin Basin of Kern County, Calif. By drilling an exploratory well to a specified depth within the miocene Temblor formation below 14,500 feet, and establishing paying production therefrom, the syndicate can earn a 100-per-cent working interest and a 78.5-per-cent revenue interest before payout; and a 77.5-per-cent working interest and 62-per-cent revenue interest after payout. ABA will be operator and will retain the option to take a 5-per-cent working interest in the tract prior to any drilling. According to a report by an independent geologist/geophysicist, the ABA/Solana tract is thought to be located totally within the Cal Canal anticline's structural closure, approximately 1,500 feet from Berkley Petroleum Corp.'s Cal Canal No. 1 exploratory well. Cal Canal No. 1 is reportedly drilling at a depth of approximately 14,000 feet, near the top of the miocene Temblor formation. The Temblor formation, which is estimated to be at least 4,000 feet thick and contain multiple, thick, stacked reservoir sands at Cal Canal, is productive at the giant Elk Hills field to the southeast at about 10,000 feet and at Lost Hills, where Berkley has encountered gas and condensate at 17,650 feet. Through 1997, the Temblor formation, although lightly explored, had produced a total of 115 million barrels of oil, principally from the McKittrick, Cymric and North Belridge fields. The five main oil fields comprising the southern San Joaquin Basin have produced a total of 1.2 billion barrels from all formations during the same period. At Cal Canal, the Temblor is thought to be gas-bearing, with additional potential for retrograde condensate and light oil reservoirs in multiple horizons. The long-range objective of the syndicate is to acquire and develop prospective oil and gas properties with a focus on both the Sacramento and San Joaquin basins of California, especially in Sacramento, where no deep tests have been drilled despite numerous prospects. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com