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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (481)	10/20/1999 1:34:00 PM
From: Scotchman	Respond to of 486

<<This means close to an extra $4000,000 per year for Dalton and they are debt free, sounds good to me.>> OOPS!!! Should read $400,000

To: Scotchman who wrote (481)	10/20/1999 11:47:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 486

Hello Scotchman, It is understandable that investors are cautious. This tie in at Strachan is only the first step.Hopefully many more will follow.A production history needs to be established over a 2 to 3 month period and additional seismic data which is currently being evaluated will be required to encourage a major player to participate in further drilling.Seems some participants at Strachan are of the opinion that the well may clean itself up after flowing for a couple of months and flow at 8 to 10 million a day raw gas.Some do not share that opinion and feel the well will stabilize at 5 million a day.First Star and others believe that twining the discovery well to access the shallow sweet gas may not be the best strategy and suggest there are better locations for a Manville test.Only time will tell. With gas prices at such levels and some major producers becoming virtual cash cows as a result, it would surprise me not to see a second Swan Hills test at Strachan within a reasonable time frame.Nobody can with conviction state what a second deep well drilled in a more optimum location can produce.Thirty million a day and more is possible based production from a similar zone nearby but until it is drilled,cased,and tested???. Best Regards, Richard