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Gold/Mining/Energy : First Calgary Petroleums, Ltd (FCP.T) -- Ignore unavailable to you. Want to Upgrade?


To: timester who wrote (548)3/11/2005 11:11:36 PM
From: Ken O'Connor  Respond to of 603
 
Timster, I don't think we will see this go into the summer. It will be a done deal by the end of April. Data room will have closed and the sharp pencils will have to be put down. No doubt the bidders will have reviewed the 3D results on 406 and will be well aware of what the next two targets will find. Also, the reserves report should include MLE-6, but if by chance it doesn't, they will have insight as to what MLE-6 will add to it.

Either way, RA will be making darn sure they have all they need and more, to produce a sizable bid. They know this may be their last chance in a very long time to buy such a massive find...especially at a time when they most need it.

I think we are going to be very happy with the outcome IMO.



To: timester who wrote (548)4/28/2005 2:16:31 PM
From: Cal Gary  Read Replies (2) | Respond to of 603
 
$12.75 RTQ Hope you got your seat belt fasten. Turbulence.

A few more week and we'll be done with Lehman's gag order. Items due include testing results from MLE-6 and a Progress report on lastest spuds.

Regarding EnCana and its France flirt nr, if ECA looks really hard southwards they should consider FCP, in fact they can easily pickup FCP. If given the right ratio, I'd take 100% stock in ECA for FCP in a heart beat. (Cash and shares would be better. All Cash would be best of course.) A deal like this is like sipping fine french wine from the Burgundy, Rhone Valley, Beaujolias, Bordeau, ......