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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (1983)	8/23/2005 3:52:19 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 25575

You might want to look at their last 10QSB filed Monday. biz.yahoo.com As of June 30, 2005, we had cash on hand of $20,475 and a working capital deficiency of $608,758. Doesn't sound like enough cash to develop an oil sands project to me. Call me excessively cautious, but I would wait until their negotiations produce a signed deal and they give some hint of how they intend to finance the project. Anyone can put out a PR saying they are negotiating. Let's see them get something done, ( and some more money.)

To: Taikun who wrote (1983)	8/23/2005 6:28:49 PM
From: MIRU	Read Replies (2) \| Respond to of 25575

Re WNWG Utah Uinta Basin oil sands: I have read that this is a nogo due to lower quality than Alberta plus limited availability of water. However, as I creep up the learning curve (Thanks largely to your excellent board) I keep feeling that we need to pay more attention to oil sands technology. Maybe Petrobank THAI or some solvent process would be better than SAGD or surface mining and need little water or NG either. Right now I don't know. But we keep hearing about technology coming to the rescue in oil, but a lot of technology is also appearing in oil sands development. A lot is probably explained in the links at the beginning "Moderator's Statement" on this board. When Deer Creek hit, I/we may not have had time to go to school. Maybe it's time to take the time.