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

To: Kerm Yerman who wrote (4321)	12/11/1997 10:34:00 PM
From: Craig C	Respond to of 24905

Kerm \ Calibre : Talked to company last week, they are up to 1600 BOEPD prior to the Trego purchase. They have hit 4 more wells since there Nov 26th release. Trego brings 800 BOEPD to Calibre, so you would think production should be around 21-2300 BOEPD by year end. They plan on drilling 10 wells first quarter. End of 98 target is CF $0.50\share and production of 3400 BOEPD. The number of shares outstanding is 19 mill and will reach 23 mill after the Trego deal. Hope this helps.

To: Kerm Yerman who wrote (4321)	12/14/1997 5:47:00 PM
From: Dav!d	Read Replies (2) \| Respond to of 24905

Hello Kerm, I cannot wait to see your report on Granger. I really like this stock and expect a good year out of them. Management owns aprrox 30% of the 5 million shares outstanding (not including most recent pp). They will be drilling some high priority wells this year which should only add to their approx. 1000 boepd. I think expected cash flow for 1998 is $0.70 which should equate to a $3.00 stock. I hope so. ASIDE: I stopped looking at Tethy's when it soared over $3.00 a few months ago and am quite shocked that it's at $2.00 again. I believe they were going to buy Mercury Energy? This must be due to tax loss selling! Also, I was looking through Kerm's Korner and noticed that Gordon put out a buy recommendation on OGY in Nov. Have you checked out this company? The management is impressive and Northstar owns 6% shares outstanding with management owning 25%. They are producing around 1500 boepd and they will be drilling a lot of wells in 1998. I know I'm asking a lot, but I really respect your knowledge on these oil/gas stocks. Although, I prefer the riskier plays. david