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

To: RIK who wrote (4262)	12/3/1997 9:05:00 PM
From: Rudi	Respond to of 24928

Kaiser Bottom-Fish Tracker Thursday, November 20, 1997 DAZ-V DIAZ RESOURCES LTD ANNUAL REVIEW OF 1997 BOTTOM-FISH Outlook: Buy as oil & gas bottom-fish Tel: (403) 266-6400 Iss: 25,058,203 Dil: 28,843,203 WC: $2,200,000 Initial Buy Range: $0.30-$0.49 Hi-Lo-Close: $0.80-$0.33-$0.56 During 1997 Bob Lamond got serious about kick-starting Diaz when he agreed to do a private placement of 5 million special warrants at $0.50 brokered by Canaccord's Chan Buckland. Lamond's holding company, Humboldt Capital, sold 2 million free trading shares and replaced them with 2 million units. The BPI Opportunities II Fund took a 2 million unit block, while the rest was spread around. Diaz remains a modest gas producer, but hopes to be catapulted into a much bigger league through its 33 1/3% interest in the US $2 million gas well on the Cabeza Creek prospect in Texas. This well is to be spudded by early December and targets a 70 Bcf structure in the Lower Wilcox formation. A successful well should push Diaz over $1 and give it a sound foundation to develop additional gas prospects. Diaz is also in a JV with Lamond's Orbit Oil & Gas in Colombia, where they each have a 25% interest in a 187,000 acre Payara concession in the Llanos Basin 40 miles east of the 2.5 billion barrel Cusiana field. Everybody is well positioned in Diaz, the company is reasonably financed, and a wildcat well is about to be spudded. That makes Diaz a pretty good oil & gas bottom-fish buy. *John Kaiser owns shares of Diaz All information contained within is copywritten. To the best of our knowledge, the newsletter writers featured here have not received or accepted directly or indirectly any form of compensation from the companies mentioned herein for services of a public relations nature. Excerpts from material within this web site may be used upon written permission from the respective publisher. c 1997 Canspec Research Station. canspecresearch.com E-mail: webmast

To: RIK who wrote (4262)	12/3/1997 10:56:00 PM
From: Walter Kalin	Read Replies (1) \| Respond to of 24928

DIAZ is another one of Lamonds cos. Orbit and DIAZ are drilling with First Calgary in Texas. FC liked the property so much they decided to pay 50% of the costs to get a 33.3% share( atleast thats what they told me). I also hear Lamond is going put alot of time and his cash from the orbit sale into DIAZ. If they hit, which 3d seis shows very likley then DIAZ is a 3 to 5 bagger. DIAZ is also working on a huge deal in Columbia thats almost done. Thats the blue sky for DIAZ. Another interesting thing about DIAZ is a large mutual fund (multiple Opp.) took a large chunk of shares down earlier this year. The fund is managed by the Bucklands of Cross Lake fame. Futher, Kaiser is talking alot about DIAZ and he owns a fair share of DIAZ. Anyone, know of any other things Lamonds has his hands in? WK