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Gold/Mining/Energy : OEL.V Osprey Energy Limited -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (476)	9/12/2000 8:23:53 PM
From: The Osprey	Read Replies (1) \| Respond to of 1134

Yes I got the same feeling Stew.I just went back to ROB-TV library and re-viewed the interview.Some interesting points to re-cap here. 1)The company is cash flow positive as of two months ago and is plowing cash flow back into remedial work to bring on wells but is slow and are looking for financing to accelerate this. 2)They brought 6 wells on stream last week at Cotton Valley which are producing 185 BOPD and 700MCF of gas.One thing I found very interesting was his mention that there were three wells that were producing 1.5 - 3.0Million CF of gas and 4-500 bbls of oil but they are not turned on yet???? 3) He mentioned 5 wells on Bayou Choctau are producing at present and 2 wells are producing at Livingston but no mention of production or breakdown on the oil gas ratio? 4)He responded that cash flow was 150 grand per week.Interesting. 5) Osprey has been acquiring property on a non-bid basis and are able to do it very economically this way. 6)Company can still be profitable with $8.00 US oil and $1.50/mcf of gas. 7) He mentioned that the stock price increasing was as a result of people applying value to reserves. All in all I think he did a good job.I especially liked the plug for the CDNX versus the old VSE where he referred to the latter as being perceived as a promotion while the CDNX is being recognized more as a Venture exchange.This plug suggests he is not a pump and dumper but to me it means he is more interested in growing a company. I think he did a great job but I want to know more about those three wells on Cotton Valley and did he mean 3MMCF/Day each or combined and did he mean 4-500BBls/day each or collectively.Either way it bodes well for the company and I am going to hold this for a lot longer.Now I have to go crunch some numbers and look back at the last releases to see what new info he may have given us. The Osprey