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


To: CommanderCricket who wrote (30182)2/23/2004 11:09:29 PM
From: Ed Ajootian  Respond to of 206085
 
CCricket/Michael, SNG -- Actually it was SNG that farmed out the prospect to El Paso. They didn't generate it initially I believe, someone else did but then relinquished it back to Canada.

SNG has 3-4 other world-class offshore prospects that they are shopping for farm-ins on, if this one comes in it should make selling those a helluva lot easier.

At this juncture I would be leery about buying this on dips. For the first time, they are just days away from getting some "real" information about what they found (i.e. the electric wireline logs). Bad news travels fast and although you never know, I would not be surprised if any real dip from here on out is a precursor to some bad news that is about to be diseminated.