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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Craig C who wrote (7142)	2/22/2000 12:05:00 PM
From: Terry Christopher	Respond to of 24921

To the thread: I have a stock which has completed a farm-in deal with Hunt Oil and PanCanadian. The well flow tested 3000+ bod from two different wells. The oil was 51 API. The company just got financed and now are going to re-test and start producing in time. The stock, however, cannot get above $0.20. Here is a link to the flow test data. canadianimperial.com An opinion on the well and low stock price would be appreciated. Regards TC

To: Craig C who wrote (7142)	2/22/2000 12:51:00 PM
From: SofaSpud	Read Replies (2) \| Respond to of 24921

OK, tell me if I've got this right. The economy is growing at something like 4% per year. So it's probably a safe bet that natural gas demand is growing as well. At the same time, decline rates are something like 20%. The equity markets prohibit the raising of new capital, and the banks aren't interested, so the rate of drilling is a function of cash flow. Hmmm. So the market is telling us that we should be buying books from Amazon.com to heat our homes. Alright everybody, convert your furnace from gas to paper.