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

To: Kerm Yerman who wrote (4197)	11/21/1997 11:26:00 AM
From: stak	Respond to of 24910

kerm,, Brinkerhoff Drilling Introduces New Drilling Rigs . would you happen to know anything about this company? are they public or private. if private will they put out an IPO soon? also do you or anyone else know what the new drilling rigs advantages are? thanks in advance stak PS you do one heck of a job with these 2 threads. impressive.

To: Kerm Yerman who wrote (4197)	11/23/1997 7:41:00 PM
From: jurka	Read Replies (1) \| Respond to of 24910

Regarding your Korner: Congratulations on the First Anniversary of this most remarkable thread. Don't know what the official gift to celebrate such a milestone is offhand but a gusher of gaseous crude for your efforts might be appropriate. Gathering and posting the incredible amount of information that you do is truly amazing and contributes immensely to research about prospects for so many readers there and the commentary here. Many thanks and best regards. May the holes you drill not be dry.

To: Kerm Yerman who wrote (4197)	11/26/1997 3:02:00 AM
From: CIMA	Read Replies (2) \| Respond to of 24910

I've been listening to an interview with a U.S. military expert who states that the U.S. will provoke an attack on Iraq within the next two weeks. Sounds possible with the hardware assembled there and the costs involved. I can't see them leaving without total capitulation regarding the checking of sites (IMHO). What will the effect be on oil stocks?

To: Kerm Yerman who wrote (4197)	11/26/1997 11:00:00 AM
From: SofaSpud	Read Replies (1) \| Respond to of 24910

Trego / Calibre I'm confused. On December 17 shares in Trego will be worth $1.30 plus 1/5 of a Calibre share - currently (80/5) =16 cents, for a total of $1.46. And Trego is trading for $1.24. Sure, I can see factoring in a bit of a discount in case Calibre prices drop (even though the shares are up 7% since the takeover was announced), but the current Trego price discounts to zero more than the entire value of the 1/5 Calibre share. Am I reading the offer incorrectly, or is the 20 cents somehow not worth bothering with?

To: Kerm Yerman who wrote (4197)	11/26/1997 4:24:00 PM
From: HAZ	Read Replies (2) \| Respond to of 24910

Kerm / ALL / Canadian Conquest As I mentioned in an earlier post I purchased CCN at 1.20 thinking it had bottomed. After reviewing the Q3 financial results I have concluded in IMHO, that CCN has turned the corner. I however was a little early in my decision to buy CCN shares but after falling to the 1.00 range the stock has held up fantastically well during this stock market meltdown. I believe that once we get this negative market volatility over and done with then the shares will appreciate very nicely based on pure fundamentals. The momentum has been building slowly all year long and now CCN has performed very well with the drill bit. I am anticipating that they will announce the reserves additions with the Q4 & annual report and from the looks of things they should be decent. Michael Cook has be throwing in all kinds of hints in his press releases and quarterly reports and the market just kept ignoring them, see examples below. Well now I think the market has changed it's opinion of CCN and the worst is over. Once we get all the new margin calls and year end selling out of the way, the stocks that have the resources to add reserves & produce them at decent costs will out perform the market. I believe that CCN fits this kind of company. As well with the financial flexibility that they have they are in a good position to scoop up weaker cousins and have too much debt and higher costs. Q3 Remarks " Conquest's drilling program is expected to yield substantial growth in reserves, production, cash flow and shareholder value. Conquest has two drilling rigs under full-time contract until the end of 1998 to accommodate its drilling schedule over the next 13 months. " "Conquest's balance sheet remains strong, with total bank and debenture debt (net of marketable securities ) amounting to approximately $6,500,000 as of September 30, 1997. This debt level equates to 25 percent of Conquest's $26,000,000 line of credit with the CIBC, providing the Company with sufficient financial flexibility to undertake an increased exploration and development program in 1998 while continuing to pursue strategic acquisitions." 23-Jul-97 CANADIAN CONQUEST REPORTS ON RECENT AND PLANNED EXPLORATION ACTIVITIES Conquest currently has three drilling rigs in use, two of which are contracted until the end of 1998. Conquest intends to drill up to 35 Company-operated wells during the balance of this year, most of which will be drilled within its northwest Alberta, Peace River Arch and central Alberta core areas. This drilling program is expected to yield substantial growth in reserves, production, cash flow and shareholder value. 19-Aug-97 CANADIAN CONQUEST PROVIDES OPERATIONAL UPDATE Year to Date Reserve Additions Conquest's independent engineering consultants have recently completed their evaluation of the Company's reserve additions during the first seven months of this year amounted to 2,602,000 BOE at a cost of $13,075,000 ($5.02 per BOE). The following table provides an analysis of these reserve additions and their related costs, by activity: 06-Nov-97 CANADIAN CONQUEST ANNOUNCES STRATEGIC PROPERTY ACQUISITION AND PROVIDES OPERATIONAL UPDATE Conquest intends to drill up to 10 additional Company-operated wells during the balance of this year, most of which will be drilled within its northwest and central Alberta core areas. This drilling program is expected to yield substantial growth in reserves, production, cash flow and shareholder value. Kerm, if you have a moment please give me your opinion on CCN. Cheers and keep smiling

To: Kerm Yerman who wrote (4197)	11/26/1997 4:48:00 PM
From: John Fairchild	Read Replies (2) \| Respond to of 24910

Orbit Gas and Oil ORG-T An interesting play going on here. Yesterday house 89 hit all the bids from $1.16 to $1.29 (130k shares) then made a 2.6 mil cross at $1.30. Today house 89 did not trade any shares but there was a lot of accumulating. House 74 bought 120k and sold zero and house 79 bought 57k and sold zero. Todays volume 400k. Todays NR ORBIT COMMENTS ON UNUSUAL STOCK TRANSACTION AND CONFIRMS COMPANY VALUE AND POTENTIAL CALGARY, Nov. 26 /CNW/ - Robert W. Lamond, Chairman of Orbit Oil & Gas Ltd., stated that yesterday's 2.6 million share cross appeared to the Company to be an attempt to obtain a strategic share position and may confirm recent rumours of a potential hostile bid for the Company. Mr. Lamond further stated that despite Orbit's stock price showing excellent relative strength in the general weak Canadian oil and gas market, that he was concerned that an opportunistic attempt could be made to purchase a further substantial block of Orbit shares at prices substantially under reasonable realizable values. He confirmed his concern that this development could have resulted from recent presentations to investors in New York, Toronto, Montreal and London, and that the Company had indicated that an independent engineering evaluation of the Company's assets, at December 31, 1996, proforma the significant property acquisition and subsequent minor property disposition in the Markerville/Sylvan Lake area, indicated the proforma value of Orbit shares was in excess of $2.00 per share, without consideration for the results of exploration and development activity during 1997. In addition, Mr. Lamond commented that the recently announced nine month cash flow per share of $0.24, and the Company's estimate of $0.34 cash flow per share for the year, compared with yesterday's closing price of $1.21, indicated a cash flow multiple of 3.7 times. This multiple has been confirmed to be substantially lower than Orbit's peer group by its financial advisor, Griffiths McBurney. Mr. Lamond confirmed that the Company was presently producing natural gas at record rates of 37 million cubic feet of gas per day, and that its key high impact exploration well in Texas, was presently drilling ahead at 1,500 feet, with an estimated total depth to be reached towards the end of December. Mr. Lamond concluded by stating that his prime concern was shareholders selling prematurely at unsatisfactory prices, partly related to unstable overseas markets, and that while Mr. Lamond owns a substantial share position, he has amply demonstrated in the recent past his determination to maximize values for all his shareholders. TSE: ORB ===================================================== John. The occasional visitor.