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Gold/Mining/Energy : Canadian Partners in Project Ekho -- Ignore unavailable to you. Want to Upgrade?

To: grayhairs who wrote (287)	10/28/2000 11:45:24 PM
From: Brian Krenbrink	Read Replies (1) \| Respond to of 311

G.H.I must agree, Given the size of the prize in these guys eyes, one must at least summerise that if tril would pick up the % from the other guys, this would be wise, at least in my eyes, or can this be another guise? :) A 2 mil. investment by tril might just show some confidence in this well. Brian

To: grayhairs who wrote (287)	10/29/2000 6:20:10 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 311

GH: here's another twist - If CWQ is the only JV partner remaining, that gives them 1st right of refusal on the other 95% of the cash call. So, if it's as big as TRIL claims, that makes CWQ a takeover candidate as the only sure way for an outsider to gain an interest that can be expanded all the way to 75% APO. Suppose a bigger oil company knows how to solve the frac issue--like BKP--a million shares of stock for CWQ and a couple million dollar cash call gets 75% of the prize. That would be less money than they've spend thus far in ELH. I know, that's all pretty far fetched, but what if... Dale