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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (12527)	8/26/2002 9:23:48 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 206113

GUSHER! Tiny Australian Oil Company that owns 28,000 acre offshore concession hits 100 million barrel strike on first drilling. Stock goes from 7 cents to .45 cents a share. Ten Dollars is a possibility. Or so sayeth Bob Czechin of the Czechin Penny Oil Newsletter. Bob picked Hurricane Hydrocarbons when the stock was at 55 cents (it went to $15 before falling back to $8). Trouble is a subscription to the nesletter is about 5k a year. Sooooo--what I am trying to do here is see if anyone else knows the name of this company--all for our collective wealth benefit. Thanks in advance. Bill

To: jim_p who wrote (12527)	8/29/2002 3:24:59 AM
From: nspolar	Read Replies (1) \| Respond to of 206113

jim_p, fwiw: I think the Atlantis sale may have fallen through due to unacceptable payoff (bribe) demands from the princely princes. No heat now, the potential value of the bribes went in the toilet. Likewise Sino also lost bargaining power. Depending on POC the value of Atlantis may go up. Time for now is again on PGS's side. I also think it possible some behind the scenes work is going on in Norway, to keep PGS as a Norske firm. From personal experience (w/o explanation) I know this is possible. RM was forced out and this was a local behind the scenes decision, more than likely. The reason was that the local environment had lost total faith in RM and his toadies. It took a while and the stock price had to sink to nothing for this to happen, but happen it has. I also tend think PGS may now go it alone, and VTS needed them more than the opposite. I don't see any reason for PGS to sell out cheap now. As a shareholder of a bunch of .40 USD shares I wouldn't necessarily go for it. In short I don't see PGS has much to lose if they do go it alone. Additionally the shareholder with the most power by far is now local, and he apparently didn't buy in at 5 bucks. If you believe what he (UMOE) stated he did not buy in to sell out for a quick profit. They bought in to resurrect this company. Right now I do believe that. Futhermore it is possible for the Norske Olje Directorate to assist PGS, in behind the scenes action. I would not be surprised to see PGS obtain more small field licenses. Just the way it works in Norway. Doesn't have to happen, but surely could. Time will show. jmho.

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