To: Postman who wrote (464 ) 1/14/1998 11:00:00 AM From: Gene Veinotte Read Replies (3) | Respond to of 783
Try Yahoo. It has this for all 4 Canadian Exchanges.Check out their Fianance page. More news on WRN. Things are heating up! New contracts will expand operations Westrend Natural Gas Inc WRN Shares issued 18,885,569 Jan 13 close $0.58 Wed 14 Jan 98 News Release Mr Mark Roberts reports Alamo Logging Services, a wholly owned subsidiary, has entered into some new contracts to provide its services and expand its operations. Alamo will start the first of a series of jobs on January 19 1998 for Union Pacific Resource Corp's South Texas division in Dimmit County, Texas. This is a continuing contract to provide cased hole logging services on two to three wells per week and should last through 1998. This contract complements Alamo's two truck operation out of Seguin, Texas which currently services Swift Energy. Alamo is finalizing negotiations on a contract with a San Antonio based exploration company, to follow three drilling rigs, which will create six additional jobs per month. This contract should commence within the next two weeks. Alamo started its joint venture with Scientific Drilling Services, a large international gyro company, to provide joint services for deep horizontal wells in Louisiana. This contract started January 12 1998 with its first job for Union Pacific Resource in Louisiana. Alamo bills $12,000-$14,000 for two days of services for these types of jobs. The free point back off business, which is the ability to recover expense MWD tools and drill pipe once a well has become stuck in the hole, has much financial potential. This type of business would complement Alamo's operations and allow the company to provide another much needed service to its existing clients. However, Alamo needed to hire a qualified engineer to perform this specific oil and gas operation. Operators are reluctant to allow a free point back off company to work on their wells without having an experienced engineer on staff. Alamo has recently hired a fully qualified reputable free point back off engineer for its operations in Louisiana and is currently ordering the necessary equipment to make fully operational its free point back off business. Some of Alamo's existing clients such as Chesapeak, UPRC, and Amaco, have expressed interest in using these new services once the company's equipment is in place. Some free point back off jobs cost in excess of $100,000 for seven days of work performed. These types of jobs have a high profit margin, and complement the existing trucks and equipment that Alamo already has in service. With the company's expanding business it is currently negotiating with an individual with excellent qualifications to fill the position of administrator for Alamo. This will enable Alamo's current sales staff, which has been providing administrative services, to dedicate more time to sales rather than administrative functions. The above contracts should expand Alamo's revenues and give Alamo the ability to use its new services and employees to attract additional operators and their contracts throughout the year. Finally, Alamo has set one of its goals for 1998 to expand its operations into the Gulf of Mexico. Since Scientific Drilling currently works for operators in the Gulf of Mexico, Alamo is having discussions about joint venturing its logging services offshore. Yahoo, example: Info NRV.V NAVARRE RES 9:38AM 0.06 +0.02 +50.00% 3,000 Chart EIR.V EMERALD ISLE 10:21AM 0.21 +0.06 +40.00% 3,000 Chart , News PVM.V PACIFIC VANGOLD 10:30AM 0.28 +0.06 +27.27% 10,000 Chart CVL.V CVL RESOURCES 10:40AM 1.00 +0.20 +25.00% 244,515 Chart , News UIC.V UNITEC INTL 9:58AM 0.52 +0.09 +20.93% 21,000 Chart ALD.V ALDA INDS 10:38AM 0.18 +0.03 +20.00% 20,000 Chart VPR.V VITAL PAC RES 10:39AM 0.06 +0.01 +20.00% 64,000 Chart AOT.V ASCOT RESOURCE 10:39AM 0.13 +0.02 +18.18% 10,000 Chart WGO.V WHITEGOLD RSCS 10:29AM 0.72 +0.10 +16.13% 500 Chart AFF.V AFF AUTOMATED 10:36AM 0.11 +0.01 +10.00% 27,000 Chart Select a Symbol for a detailed quote. Quotes delayed 15 minutes for Nasdaq, 20 minutes otherwise. Complete List