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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (53906)	7/9/2000 10:31:15 PM
From: SSP	Respond to of 150070

SCKT - yup check out the date of the post, Message 10040304 and Yahoo already has it ready finance.yahoo.com

To: Jim Bishop who wrote (53906)	7/10/2000 7:24:22 AM
From: Bram12345	Read Replies (2) \| Respond to of 150070

SGNT If the company makes the consensus estimate of .05, the stock will move up a little. If it makes the whisper number, it will move up very quickly. Consensus estimate is .05 Whisper number is .06. Either one will look so much better than last quarter's loss of (.07) justwhispers.com biz.yahoo.com

To: Jim Bishop who wrote (53906)	7/10/2000 8:27:28 AM
From: The Osprey	Read Replies (1) \| Respond to of 150070

Morning Jim and all.Thought I might share this with you all as things are moving right along.Time frames for news are within 60 days or less as it sits but here is an interesting analysts report on OEL on the CDNX exchange.Not a buy rec but for info only to keep it on a watch list. "THAMES CAPITAL CORPORATION Singapore Perth Australia Toronto Canada INVESTMENT UPDATE JUNE 12, 2000 OSPREY ENERGY LTD. Symbol: OEL (CDNX) Recent Price: $1.00 52 Week High/Low: $1.75-$0.07 Share Capital: Basic 6.7MM *Fully Diluted 11.1MM Market Capitalization: $6.7MM Market Float: $4.3MM Managers/Directors own: 13% Charts: Courtesy of The GlobeInvestor.com Report prepared by: Grahame M. Notman, Senior Oil and Gas Consultant Tel: (416)-350-3528 ________________________________________________________________________ HIGHLIGHTS · Since my last research report on Osprey in December 1999, the Company has accelerated its joint venture (JV) program in Louisiana. The latest acquisition, the third and the largest to date, is a 75% working interest (reducing to 50% after payout) in a northern Louisiana oil and natural gas series of properties along the prolific "Cotton Valley Trend". · This, together with the two previous Louisiana acquisitions completed late in 1999, is expected to generate production from Louisiana, net to Osprey, of 1,175 BOE/day (65% natural gas) during the third quarter of this year. · The other joint venture for Osprey is its 5% interest with Crestar in the Jenner light oil project in southern Alberta. This has been expanded from an initial five well program (completed during the first quarter of 2000) to a 12 well program (8 horizontal, 4 vertical) to be completed and tied in by mid August. Expected gross production from this phase of development is in the order of 1,800-2000 bbls/day (90-100 bbls/day net to Osprey). · As detailed in my December report, the operations for the JV are run by BPR Energy, a Lafayette, Louisiana based private oil and gas company. This company's President, Bernard Robichaux, has extensive experience running and developing oil and gas production in Louisiana, and works closely with many of the major producing companies in the area such as Union Pacific Resources and Anadarko. His expertise in enhancing the production from previously uneconomic oil and gas wells is a key factor in our confidence in the production forecasts for Osprey. · The combination of the Alberta and Louisiana projects is expected to initially increase Osprey's production over the balance of the year to around 1,275 BOE/day, of which natural gas represents approximately 50%. The planned development of the Cotton Valley project is expected to increase the contribution from natural gas to around 65%. · Using the above production assumptions, and a reference price for oil and natural gas of US$ 25/bbl and US$3.00/Mcf respectively, results in the company's cash flow increasing to Cdn.$11.5 million ($1.05/share f.d.) on an annualized basis as early as the end of the third quarter of this year. · However, to complete the necessary work-overs and tie-ins at the three Louisiana plays is estimated to cost approximately US$1.5 million (Cdn.$2.2 million) over the balance of 2000. In the past three months, Osprey has raised Cdn.$2.4 million through a Cdn.$1.5 million convertible debenture issue (coupon at 10%, convertible at $1.00/share) and a Cdn.$850,000 equity issue at $1.00/share. These funds were used to complete the latest acquisition in Louisiana, drilling at Jenner in Alberta and initial recompletion activity at the Livingston and Bayou Choctaw fields in Louisiana. Osprey would like to raise a further Cdn.$1.5 million (net of internally generated cash flow) to accelerate the planned program and is presently pursuing both debt and equity opportunities. · Based on the outlook for a rapid acceleration in the company's growth in both cash flow and reserves, exclusively from development drilling, i.e. no exploration risk, the shares appear significantly undervalued. This report contains information that has not been approved by any Securities Commission. While the information in this report cannot be guaranteed, it was obtained from sources believed to be reliable, but in providing it, Thames Capital Pte Ltd. and Thames Capital Corporation do not assume any liability. All statements, other than statements of historical fact, included in this report, including, without limitation, statements regarding potential reserves, exploration results, and future plans and objectives of Osprey Energy Limited, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Thames Capital Pte Ltd. and Thames Capital Corporation, its officers, directors and employees may from time to time acquire, hold or sell a position in the securities mentioned herein. Within the past 12 months Osprey Energy Limited retained Thames Capital Pte Ltd. and Thames Capital Corporation as its financial advisors. This report is intended for information only, and should not be considered as advertising for the purposes of offering of securities by the issuer mentioned herein. The use of this report should not be construed as a recommendation to purchase or trade the shares of Osprey Energy Limited. Thames Capital Pte. Ltd. and Thames Capital Corporation assumes no liability for any investment losses as a result of the contents of this report and investors are advised to consult with their registered financial advisers prior to making an investment in the securities of Osprey Energy Limited." The Osprey