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

To: HAZ who wrote (4372)	1/2/1998 7:45:00 PM
From: Kerm Yerman	Respond to of 24920

HAZ / Petrobank I agree that outlook is very promising for company. Each successful well in their Alderflats play will substantially add to their net production base. This is a company that caught my attention with their news releases also and as in your case, didn't follow up with a timely inquiry. For a stock with over 25 million shares (FD) outstanding, todays jump in share price was very big. I don't really know how many shares are exactly outstanding on a fully diluted basis. In my opinion, they should of hid their success for a while (tight hole status) so they could accumilate a sizable land position. Sounds like a good play -- if they don't experience serious first year declines. That's a question that should be presented when evaluating investment here. Company is definitely on my watchlist and just placed an inquiry to obtain more information.