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

To: The Osprey who wrote (7777)	11/8/2000 3:00:17 PM
From: russet	Read Replies (1) \| Respond to of 24900

You grubbed a pretty lucky post Mr. Osprey (gggggggggg). <<<Ask him if they are pouring existing cash flows back into bringing on more wells with remedial work only and no drilling.>>> The cost of remedial work varies depending on how the wells were completed in the first place. Were they completed with full casing in the appropriate manner? What will it cost to rework each well? What remedial work are they planning to do to each well. If it's cheap, why did the previous company give Osprey such a great deal? One would think that there must be considerable risk involved in getting satisfactory oil and gas flows, or the original folks would still own them,....or perhaps they still do in some participating way? Unlike others, I like small companies with interesting growth potential. Perhaps that is the problem you are experiencing with some here,...they prefer bigger plays with less risk,...but then there is little chance for share price appreciation unless the price of the commodities they produce go up.