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


To: geoffb_si who wrote (9075)8/20/2002 9:30:59 AM
From: geoffb_si  Respond to of 11802
 
SOP-v...in the news

Solana to acquire Colombian gas interest

Mr. J. Bruce Carruthers reports

Solana Petroleum, as part of its previously reported Colombian petroleum production program, has reached an agreement in principle to purchase a 42-per-cent working interest in an existing producing natural gas field in the prolific Magdalena basin of Colombia.

The purchase is subject to satisfactory conclusion of due diligence currently being conducted by Solana, as well as the execution of a mutually satisfactory purchase and sale agreement between the parties. In that event, the transaction is expected to close by the end of September of this year.

Completion of the purchase will afford Solana existing gas production with a marketing contract in place, additional proven developed and proven undeveloped natural gas reserves, as well as additional possible reserves from other prospective structures on the property.

J. Bruce Carruthers concluded: "Solana is pleased to initiate our Colombian production program with a purchase of existing gas production and revenue, with good upside potential from both development drilling within the field and exploratory drilling of adjoining prospects. Upon closing of the transaction, which is subject to the approval of Ecopetrol, the Colombian state oil company, Solana will be operator of the gas field and the encompassing contract block."

WARNING: The company relies upon litigation protection for "forward-looking" statements.

(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com



To: geoffb_si who wrote (9075)8/20/2002 6:03:26 PM
From: geoffb_si  Read Replies (1) | Respond to of 11802
 
Stock-Picking Challenge... Top 5 Picks after Tuesday:

1st: Daytek77 EV -V...$14,583.10 +45.8%


2nd: SAM-DAN YWW-v...$12,000.00 +20.0%

3rd: Chucka Marsh CEL-v...$11,875.00 +18.8%

4th: JR. BBK-v...$11,538.45 +15.4%

5th: geoffb_si SOP-v...$11,428.56 +14.3%

Congratulations again, Tony, on your 1st place finish at the close !!!

Your EV-v pick continues to shine, up solidly again today, pulling away from the field.
I don't think I've ever seen so many double-digit gainers (8).
Good job of stock-picking!

Regards,
Geoff