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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Obelix who wrote (10166)2/24/2004 8:28:14 AM
From: Ed Ajootian  Respond to of 24927
 
Obelix, Oil.V -- I've been following Oilexco from a distance, ever since Ron Struthers wrote it up (he does a newsletter). I'm a big fan of the North Sea and ever since Apache bought into that area I've been looking to buy more stocks with exposure to that area. Right now I own small amounts of Apache (APA), Kerr-McGee (KMG), and a decent position in ATP Oil (ATPG).

Looking to buy some Oilexco but do not have an interest in trying to catch a falling knife. I will buy around the end of the week probably.

The first well they drilled over there, contrary to this latest one, was successful. Does anyone know how soon that will start producing to sales?



To: Obelix who wrote (10166)3/5/2004 9:35:44 AM
From: Ed Ajootian  Respond to of 24927
 
Obelix, Oil.V -- I just bought some of this yesterday. They are drilling a step-out well to their earlier discovery in the North Sea (which tested at about 2,500 bopd I believe). These wells don't take a long time to drill, it should be pretty exciting over the next few weeks!


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