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Gold/Mining/Energy : Silver Peak Resourses SVV,V -- Ignore unavailable to you. Want to Upgrade?

To: DR. who wrote (225)	1/16/1998 9:41:00 PM
From: NICVIC	Read Replies (1) \| Respond to of 284

>My understanding on the oil side is that the Linda prospect >has been AFE'd by the operators and some final verification is being >sought by the company but all looks very positive on this prospect. DR, what do you mean by AFE'd? Thanks, Frank Poljanec

To: DR. who wrote (225)	1/17/1998 10:39:00 AM
From: Bruce	Read Replies (1) \| Respond to of 284

DR, I had a call from SVV's IR person some 3 or 4 weeks ago. They were looking to secure more investment funds to continue their drilling program. They have many good sites, but insufficient funds to drill the next well. If SVV and their project partners can obtain sufficient funds to drill the next well, and it comes in with sufficient production, then I imagine they can bootrap themselves by debt financing to drill the next well and so on. The silver property may be another way for them to obtain funds in order to finance their oil drilling. However, if silver takes off, then it is possible that the silver property could become the main 'play' of SVV. I hope this helps. Bruce