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

To: Tommy D who wrote (2016)	12/9/1999 5:16:00 PM
From: Jim P	Respond to of 2306

Stampede Oils sales for tax loss reasons Stampede Oils Inc STF Shares issued 54,089,750 Dec 8 close $0.05 Thu 9 Dec 99 News Release Mr. John McLeod reports Stampede Oils' shareholders have been informed by the Toronto-based financial institution that sold 1,093,000 common shares of Stampede on the Canadian Venture Exchange yesterday that this sale, and a similar sale of common shares of an affiliated company, was basically for tax loss reasons. However, the delay currently being experienced by the company and its partners in receiving a decision from the Alberta Energy and Utilities Board (EUB) on its drilling licence application for the planned Stampede et al TV 11-15-21-3 W5M well was stated to also be a critical contributing factor to these sales. Stampede has not been able to identify the purchaser of these major share blocks. Since 1993 Stampede has been the most active exploration drilling operator in the Turner Valley area, having expended in excess of $28-million on seven separate operations and in excess of $10-million on Crown and Freehold P&NG lease acquisition. These operations entailed a minimum of 908 operating days (2.49 years) with the only mishap being a two-hour grass fire. Stampede is not aware of any reason why its application for the Stampede et al TV 11-15-21-3 W5M drilling licence should not be approved, except in the very unlikely case where one of the objectors to the licence might be in a position subsequently to influence the process. The company was informed on Nov. 26, that the decision to the EUB public hearing held on July 6, 1999, to July 9, 1999, would be forthcoming in approximately two weeks. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com