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

To: Daytek77 who wrote (8365)	5/25/2002 11:37:59 PM
From: vds4	Read Replies (1) \| Respond to of 11802

hi daytek, do you still follow erin ventures? i have not heard much from them of late. martin

To: Daytek77 who wrote (8365)	5/28/2002 2:46:54 PM
From: Al Collard	Respond to of 11802

KRI-v...in the news: Continental Ridge oversubscribes private placement Tue 28 May 2002 Mr. Jack Milligan reports FINANCING OVER-SUBSCRIBED, DRILLING INTERSECTS HIGH TEMPE ... Continental Ridge has oversubscribed the private placement announced in Stockwatch May 14, 2002. A total of 300,000 units have been placed at a price of 35 cents per unit with each unit comprising one common share and one-half of one non-transferable share purchase warrant. The $105,000 in gross proceeds will be used to finance the evaluation of other geothermal prospects in Nevada/California and for additional working capital. President Brian Fairbank also reports that the first temperature measurement in the Deep Blue No. 1 test well currently being drilled has exceeded company expectations. A temperature measurement at approximately 100 metres depth returned a temperature of 80 C after an 18-hour equilibration period, which is above the 40 C per 100-metre gradient that was anticipated. Although it is only one temperature reading, management takes it as further evidence that a hot, shallow geothermal reservoir is present at Blue Mountain. The test well has been cased to about 175 metres in depth and drilling should speed up now that the casing has been completed. Total depth for the well should be reached within two weeks, at which time the well will undergo a testing program to determine temperature gradient and flow rate. Continental Ridge has also been invited to apply for funding by the United States Department of Energy to drill a second deep test well later this year on a different portion of the Blue Mountain property. If the application is successful, the second deep test well would be added to the phase 2 resource delineation drill program.