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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: GerPol who wrote (592)7/15/2000 7:09:29 AM
From: Bearcatbob  Read Replies (1) | Respond to of 701
 
".........and we should be happy campers this time next year!"

Awe geez Gerry I am tired of waiting for next year. That is like rooting for a baseball team. We have reasonable hope for a series of presents this fall through Christmas.

Give me a run on Solana, then a run on CWQ Echo and a home run perhaps with BEA/STF in Turner Valley.

Oh yeah - then all to ELH for Q1 2001.

Bob

Bob



To: GerPol who wrote (592)7/16/2000 4:05:07 AM
From: Dale Schwartzenhauer  Respond to of 701
 
Gerry: I don't know the specifics for TV development. It has been slow the past several years but perhaps the momentum IS changing. I do know that these wells are expensive to drill (e.g. $3-$5 million), so that may limit CWQ in terms of working interests. Thus they may end up with several GORR's but that's still better than a poke in the eye.

The operator of Camp Coleman, Commonwealth, is in the process of completing another well (the Bedsole unit) elsewhere in Texas. Once this is done and on line, probably 10-14 days, we should hear what is next on the list. I'm hopeful our (CWQ) market improves before they call for cash too. If you noticed, STF/BEA have announced placements to finance TV activity. I doubt that CWQ will participate as a working interest owner (unless they locate some flow-through funds perhaps). Drilling risk in TV is fairly high as far as I'm concerned. Also, not to disparage STF/BEA, but I'm not sure they are the best operators.

For the record, I expect Ekho-1 to work out fine, despite all the rhetoric and commentary to the contrary. Sentiment is very low, which I take as a bullish sign, and the preliminary information was very good. Some people just don't have any patience.

Dale



To: GerPol who wrote (592)7/17/2000 2:22:32 AM
From: Dale Schwartzenhauer  Respond to of 701
 
Thread: technical update --

After studying a weekly chart on CWQ over the weekend, I've come to several conclusions that support the concept that the stock is bottoming and due to turn higher.

CWQ appears to make a significant low every six months. This recurring six month cycle is bottoming right now. It also appears we've completed an a-b-c decline from the 0.19 level, as part of a larger A-B-C correction of wave (1) over the past 10 months. We're now in a contracting triangle defined by an upper trend line at 0.18. Wave (3) should develop from the current bottom and carry prices to the 0.37 - 0.43 level. These levels are determined by applying a ratio to the previous advance from 0.05 to 0.22 (wave 1). So, 1.618 x 0.17 + 0.09 (current low) = 0.37. The higher figure is arrived at: 2 x 0.17 + 0.09 = 0.43. The numbers 1.618 and 2 are both Fibonnaci ratios that occur frequently in various technical patterns. Also, wave 3's by definition are the strongest waves in percentage terms, so it should be greater than wave 1's advance of 0.17.

Dale



To: GerPol who wrote (592)7/20/2000 7:14:00 PM
From: Dale Schwartzenhauer  Read Replies (1) | Respond to of 701
 
Curlew Lake updates status of Turner Valley project

Curlew Lake Resources Inc CWQ
Shares issued 28,914,526 Jul 18 close $0.13
Thu 20 Jul 2000 News Release
Mr. Robert Pincombe reports
Curlew Lake Resources is participating in the renewed activity in the
Turner Valley project, just south of Calgary in Alberta. The status of the
project is summarized as follows:
The company has interests in all the lands and wells mentioned above.
Interests in the lands on which the 8-21-21-3 W5M and the 10-16-21-3 W5M
have been drilled range from 1.3 per cent to 2.2 per cent.
The company holds a 4.375-per-cent interest on the proposed 6-8-22-3 W5M
well, a 10-per-cent BPO and a 2.5-per-cent APO on the drilled 4-13-19-2 W5M
well, and a 2.5-per-cent interest on the proposed deepening of the HZ
6-12-19-2 W5M well. The company will also have a 2.75-per-cent interest in
the 2-34-20-3 W5M well, which is expected to commence in August, 2000.