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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce who wrote (572)	12/7/1997 4:52:00 PM
From: Donald Lickman	Read Replies (1) \| Respond to of 866

You're really full of crap. Do you call a 6 Trillion cubic ft. Maui gas field, the 1 TCF Kapuni field the 800 Million bbl Kupe, the Waihapa field (the most profitable onshore wells in the world) and numerous others SMALL? These are giant fields on any standard. You call those small. What a dork. Better go back to school for another 10.5 years. Why has New Zealand attracted huge corporate elephant hunters like Shell, Fletcher, Boral, Norcen, BHP, MIM, NZOG It is dorks lick you that make companies like INDX become champions. I quess you would have thought Stewart Lyman founder of UNOCAL and the LA Basin crazy as well. By the way what do you call the big offshore discoveries in the Canterbury. And the oil seeps onshore (I have seen myself) Maybe you and Dr Bennett should debate on this thread. Licky D

To: Bruce who wrote (572)	12/7/1997 6:47:00 PM
From: RonS	Read Replies (1) \| Respond to of 866

Bruce, I agree with some of what you've said, and the comparison the Guidi makes is misleading (at best). Everyone should be very suspcious anytime these types of comparisons are made and especially when they come Guidi or an IREMCO company (we're use to this sort of hype crap) Having said that I still think there is potential in NZ (specifically) for an oil and gas company to do well. Other factors, other than finding a "huge" hydrocarbon reservoir, can still allow for a oil and gas company to become very profitable. Conducting business in an stable country with good infrastructure is worth alot. I gotta wonder if companies like Shell are around, then there must be something worth investigating. Also, not to be ignored is INDX's land positions in potential elephant countries Papau New Guinea and China. Regards RonS PS Don't foget about those "Tertiary" gas fields in Alberta.