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

To: Jimsy who wrote (3939)	9/30/2001 7:47:57 AM
From: Al Collard	Respond to of 11802

Hi Jimsy, Your in with PLM-v @$.16 for 62,500 shares. Chart for Pallaum Minerals Limited: stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] From the chart it looks like this stock needs South Voisey Bay's play to take off and get some attention. So far the market has just yawned at this play. Good luck to you Jimsy. PLM website: pallaum.com Regards, Al

To: Jimsy who wrote (3939)	10/3/2001 8:59:28 AM
From: Al Collard	Respond to of 11802

Jimsy, news out on your pick PLM-v: Pallaum's fourth well drilled into Barnett shale Wed 3 Oct 2001 News Release Mr. Stanley Ford reports Pallaum Minerals has been informed by Mesa Resources that the Mesa Wood No. 4 well has been drilled into the Barnett shale formation with excellent gas shows. The operator has installed and cemented the casing, which will be perforated in preparation for fracing. The successful drilling of a fourth well with significant permeability in the Barnett shale formation has encouraged the company to plan additional wells. The U.S. Geological Survey (USGS) is calling the Barnett shale "the hottest gas play in the United States," and estimates that there are 10 trillion cubic feet of recoverable reserves. To date, Pallaum has drilled four successful Barnett shale wells. Based on 40-acre spacing, there exists the potential to develop a 100-well gas field on the 5,600-acre Hood county property. Stan Ford, president of Pallaum, said: "I am very confident about the potential to develop this property into a major producing gas field. Michell Energy's success in the Barnett shale formation has been as high as 99 per cent. They have completed over 800 successful wells in the Barnett shale and we hope to match that success rate by using the proven and pioneering techniques that they have developed." The company is in negotiation with International Oil and Gas (OTC: IOAG) to carry out a further multiwell program. The details will be announced shortly. Michell Services has reported that remedial work will be carried out on the gas gathering system this month. The maintenance work is predicted to increase the delivery of gas from Mesa Wood No. 1 and A No. 2 wells to the gas gathering system. The North American normal, fall and low natural gas spot prices appear to be firming and the company believes that a base price level is building prior to the winter heating season.