Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (2061)	4/24/2001 12:01:24 AM
From: Rise	Respond to of 11802

Yes, VPR and SOP had deals together in the past. VPR had a 6% interest in the Solana Petroleum Syndicate and were hoping Berkley et al. hit pay dirt in Bakersfield. Nothing happened and the syndicate fell apart. I believe that SOP still owes VPR some trust money that it spent. I don't know for sure but Keith Neumeyer said that VPR has a claim against SOP for the money. Don't quote me on this. Rise

To: brian krause who wrote (2061)	4/24/2001 6:38:40 AM
From: Al Collard	Read Replies (1) \| Respond to of 11802

brian, news on your pick SOP-v: Solana receives approval for private placement Tue 24 Apr 2001 News Release Mr. J. Bruce Carruthers reports Solana Petroleum has received conditional approval from the Canadian Venture Exchange for a non-brokered private placement of six million units at 10 cents per unit. Each unit consists of one common share and one-half warrant, with each full warrant exercisable at 15 cents within six months of issuance. Proceeds from the private placement will be largely used to acquire new petroleum opportunities, principally natural gas, in both Canada and the United States as part of the company's refocusing its strategic efforts toward the acquisition of North American gas reserves. The balance of the proceeds will be used for general corporate purposes. The present favourable outlook for North American natural gas producers as a result of recent record gas prices has prompted the company to rethink its mission from an international exploration firm to a domestic producer. Solana also hopes to be able to capitalize on the current availability of capital for oil and gas ventures in both Canada and the U.S. due to the robust nature of the North American petroleum industry. Solana is currently evaluating gas exploration and development opportunities presented to it in the province of Alberta, the Powder River basin of Wyoming and the Trenton-Black River Limestone play of the Appalachian basin of the Eastern United States. Nevertheless, because of its previous investment base of over $4.5-million, the company will maintain a presence in Colombia, where it is evaluating several near-term oil production opportunities. Solana also holds rights to earn up to 50 per cent in the 126,000-acre Blo Caranal tract in the Llanos basin.