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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 (4073)	10/8/2001 12:31:19 PM
From: Al Collard	Respond to of 11802

Hi Jimsy, Your in with PLM-v @$.17 for 58,823 shares. Chart for Pallaum Minerals Limited: stockcharts.com[l,a]djclnimy[dc][pc20!b50!b100!b200][vc60][iLl14!Lh14,3!La12,26,9] From the chart of PLM we can see the stock is currently trading under all it's major MA's with the first resistance point @$.18 it's 20EMA and 50MA's. The chart indicators are all flat showing the stock needs good news to start a new uptrend. Good luck with this pick Jimsy. Regards, Al

To: Jimsy who wrote (4073)	10/9/2001 1:05:54 PM
From: Al Collard	Respond to of 11802

Jimsy, news out on your pick PLM-v: Pallaum informed of successful fracing Tue 9 Oct 2001 News Release Mr. Stanley Ford reports Pallaum Minerals has been informed by Mesa Resources Inc. that the Mesa Wood No. 3-A and the Mesa Wood No. 4-B wells were successfully fraced over the long weekend. Both wells are offloading the frac fluids and will be connected to the metre complex when the appropriate amount of frac fluid has been recovered. The wells will be connected to the on-site compressor unit which is estimated to have sufficient capacity to inject the combined gas flows from Mesa Wood No. 1, No. 2-A, No. A3 and No. B-4 wells into Michell Services' gas gathering system. Pallaum Minerals is in negotiations with International Oil and Gas (NQB: IOAG) to carry out a further well development program. Stan Ford, president of Pallaum Minerals, said: "We've now fraced our fourth Barnett shale well and are focused on developing 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 U.S. Geological Service (USES) 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 and traced 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 property.