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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?


To: ChainSaw who wrote (1348)1/7/1998 1:48:00 AM
From: paul s.  Read Replies (1) | Respond to of 3335
 
Guy: I understand your concerns, and believe me, we've batted that one around a few times on this thread after the last rally, and the insider trading report was first issued. I believe the last report from last week showed buying...

paul



To: ChainSaw who wrote (1348)1/7/1998 10:50:00 AM
From: CLK  Respond to of 3335
 
They sell trading shares and buy restricted shares with warrants at cheaper prices increasing their ownership and increasing their cash positions at the same time and then they do it again as the shares become tradable...a neat trick and an advantage of being on the inside. So I have seen NET buying in SIR while I have seen selling of trading shares and I take this as positive. Yes I believe they will merge them although I do not know. I believe this because the only reason they were split was to keep the share number on Epic low in the first place and to create a tightly held vehicle in SIR possibly to prevent a takeover of the play. If they contemplate a deal with a major then it is much easier with one company than with two. If this next well is a bust all bets are off and we can all give up imho but if it is a hit I think we will see them put the companies together and try to to a deal with a major because these fields cost too much to develop for such a tiny company. Remember these are still just speculations on my part but they seem reasonable to me. If you see it differently please let us know.



To: ChainSaw who wrote (1348)1/7/1998 9:55:00 PM
From: CLK  Read Replies (1) | Respond to of 3335
 
Does anyone know if the drilling actually started today as scheduled? I will try to find out tomorrow unless someone already has the answer. Probably not much information will be coming out until the whole program is complete since leaks could really cause a wild market at this point. In addition at this point any positive news would potentially be worth alot of money, so I would think they will play this very close to the vest until all the data is in.