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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (36099)	8/26/2004 8:40:26 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Art ... it's the first I've heard of it-- I'm surprised you know of it? Fwiw, I haven't read anything on it-- dunno who covers it...? But from what I can see, it's an illiquid (trades very little) junior that has a year-end production target of just 1,000 boe/d. That said, they're cashed up, very little debt and have a drilling program for this winter. C1 is up in Zama (North of High Level) just South of the border into NWT-- and it's considered a prime area by the majors. Technically, the chart looks somewhat flacid-- are you a patient man? Regards, Frank P.