Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: johnlag who wrote (7264)	4/13/2000 7:07:00 PM
From: Fun-da-Mental#1	Respond to of 24905

I just read RES annual report, and I think this company's troubles have been exaggerated. It seems to me the simple reason their reserves are shrinking is they haven't drilled much in the last 2 years, in order to save money. Now they are in a better financial position, and the price of oil is up, so they can start drilling again. Fun-da-Mental

To: johnlag who wrote (7264)	4/14/2000 10:43:00 AM
From: RIK	Respond to of 24905

Shorting CLX is one 'ballsy' move. IMO , Calahoo will do very well with their gas portfolio in their two core areas. They have indicated their desire to sell a package of properties in a previous news release. I have not heard any t/o rumors regarding CLX . Have a pleasant day.

To: johnlag who wrote (7264)	4/15/2000 1:41:00 PM
From: RIK	Respond to of 24905

Calahoo (CLX ) Approximately 2.5 million shares have traded in the last 6 sessions ..... significantly higher than the norm and prices were firm Friday. Accumulation ??????

To: johnlag who wrote (7264)	4/17/2000 11:25:00 AM
From: kingfisher	Respond to of 24905

CALGARY, April 17 /CNW/ - CALAHOO PETROLEUM LTD. (``Calahoo') announced that it has entered into a definitive business combination agreement with SAMSON CANADA, LTD. (``Samson') pursuant to which Samson will offer to acquire all of the issued and outstanding common shares of Calahoo at a cash price of $2.90 per share, and all of Calahoo's issued and outstanding Series 1 Class C Preferred Shares at a cash price of $1.05 per share. The board of directors of each of Calahoo and Samson have approved the transaction, which will be subject to certain conditions including the tendering of a minimum of 66 2/3% of the common shares of Calahoo to Samson and the obtaining of required regulatory approvals. Calahoo's directors and officers representing approximately 12% of the fully diluted shares have agreed to enter into lock-up agreements to tender to the offer. Calahoo has agreed, under certain circumstances, to pay to Samson a break fee of $4.4 million. The board of directors of Calahoo will recommend that shareholders accept the offer and has agreed that Calahoo will not solicit or initiate discussions or negotiations with any other party concerning the assets or shares of Calahoo until the expiry date of the offer, or any extension thereof. Griffiths McBurney & Partners acted as financial advisor to Calahoo and will provide a fairness opinion in connection with the proposed transaction. Calahoo is a public oil and gas company whose shares trade on The Toronto Stock Exchange under the symbol ``CLX'. -30- For further information: CALAHOO PETROLEUM LTD., Phone: (403) 237-8688, Fax: (403) 237-6939, Michael B. O'Hara, President and Chief Executive Officer, Patrick G. Oliver, Vice President Finance and Chief Financial Officer CALAHOO PETROLEUM LTD. has 1 releases in this database. --------------------------------------------------------------------------------