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

To: Iknownothing2 who wrote (2332)	5/5/2001 10:58:50 AM
From: Al Collard	Respond to of 11802

Hi Iknownothing2, Your in with PLM-v @$.34 for 29,411 shares. Chart for Pallaum Minerals Limited(PLM-v): stockcharts.com[l,a]djclnimy[pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] Looking at the chart for PLM we can see the stock is currently trading above all it's major MA's and should have good support at it's 50MA @$.27 After being in an uptrend for the last month the ADX is now turning down and the MACD is crossing over to be negative. The volume as of late late has been good but it appears this stock needs some positive news to keep it's uptrend in tact, and I for one would expect a test of the 50MA in the near term. JMHO Good luck with this pick, Al

To: Iknownothing2 who wrote (2332)	5/9/2001 3:11:11 PM
From: Al Collard	Respond to of 11802

Iknownothing2, news on your pick PLM-v: Pallaum outlines Wood Reef drilling results Wed 9 May 2001 News Release Mr. Stanley Ford reports Hood county progress report The successful drilling of three wildcat wells in the Hood county property has inspired the company to enter into an agreement to drill a further three-well package without the final flow rates from wells, Wood Reef No. 1, Wood Reef No. 2 and Wood Reef No. 3. All three wells are in final completion mode and a service rig has arrived on site as of 6 p.m. yesterday. Wood Reef No. 1 The well was completed in the Atoka Sands and has been fraced. Fracing sand formed a bridge and after repeated attempts using traditional techniques, a pump jack was installed and the sand bridge collapsed as predicted. A service rig is required to lower the pump to remove the formation water from the lower perforations. The well is connected to the meter. Wood Reef No. 2 The well was completed in the Barnett Shale. The slick frac job by Baker Hughes was a textbook classic completion. A pressure bomb test was carried out last Thursday showed the frac fluid was at an elevation of 2,500 feet above the perforations. The well has been producing gas since last Friday through a 12/64-inch choke. The well continues to unload the frac fluid through the 5.5-inch-diameter casing with sustained high pressures. The production tubing is on site and the operator will install it this week. The current production flow and casing pressures have led the company's technical people to be confident that once the production tubing is installed and the frac fluid removed, Well No. 2 will be very successful. The completion costs are within budget and the moneys held in trust are sufficient to complete the well. Wood Reef No. 3 The well was completed in the Barnett Shale and similar to Well No. 2, the frac job was a textbook classic completion. The well is loading. The procedure has been to shut the well in for 48 hours to allow the casing pressure to build up, and then to open the valve and allow gas to lift the frac fluid. The well is also producing oil and condensates. The petroleum products will be sold at a premium should commercial quantities be produced. The production tubing is on site and the operator will use the service rig to install it. Subsequent swabbing should kick the well off and begin production. The current information about the well indicates that it will be a successful well. In summary, Wells No. 3, No. 2 and then No. 1 will be serviced immediately. Procedures to place a11 three wells into full commercial production will take approximately 72 hours. After all wells have produced and the flow rates have settled down, a four-point flow test will be carried out on each well.