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

To: Kerm Yerman who wrote (4623)	2/6/1998 9:12:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 24905

Windsor Energy: Kerm, I am not sure if it was you who first mentioned Windsor Energy on this thread. In any case, have you looked at the recent events at WNS? They will roll key properties into a new entity Winfield Energy and retain 50% of it (Stanton Capital other 50%), plus keep other properties, plus have $175mm CDN cash, plus $22mm CDN in pfd shares of Winfield Energy, plus 20% of Q Energy and will have no debt. It has 32,874,477 shares outstanding on a fully diluted basis and last traded at $6.70. I calculate that it will (when/if deal closes) have over $5.00CDN cash per share. Am I missing something here? They tendered their 21% interest in Nugas to Tarragon last year. The properties rolled into Winfield include the Rincon field (20,7mm bbls oil and 18.1 bcf of gas proven plus 28mm boe probable), Hermosa field (50% of 30mm bbls probable), SMK Energy and sundry properties.

To: Kerm Yerman who wrote (4623)	2/9/1998 9:12:00 AM
From: HAZ	Read Replies (2) \| Respond to of 24905

Kerm / Esker Resources I received the information package the other day. Initially I wasn't impressed since they had very little production growth in 1997 , 9% BOE by 3rd quarter, actually 21 % growth with 12 % production decreases. But after digging under the surface they have some very good points to consider; 1 - Good Proven & Probable reserves additions over the last 5 years 2 - Good land holdings 61,252 gross acres and 10,111 net acres Gross acres categorized as Proven - 32245 acres and Unproved 29,007 acres 3 - Esker also has overriding royalty (ORR) interest in 28,170 gross acres, categorized as Proven - 9160acres and Unproved 19,010 acres. 4 - Petromet Wild River well(s) will have a significant effect on average production. 5 - Recent drilling successes will lead to more development drilling in q1 98. The stock has done very nicely in 97 and in 98, it was trading at 0.20 in December 96 and by the end of q3 -87 it was trading 0.43. It since moved to a new high of 0.75 and closed last Friday at 0.68. All in all it has done well. My main problem is getting to overly optimistic about new stocks that I disregard the price and consequently I have to wait longer to make a profit. I am going to put Esker on my Watch list and see if the stock moves lower to the 0.50 - 0.60 range and then I may get in. ********* Trigas I also noticed that Trigas has made some big land purchases along with their partner PanCanadian Petroleum on the Jan 21 Alberta Land sale. I had the details somewhere but now I can't find them, I believe they spent around 400K for 5 parcels on a 50/50 split. This is a sizable price for a smaller company and they must have a good idea about the risk/reward. I also noticed that the stock has moved up slightly from 0.90 to 1.05 range. Although it is only their second year of operation, management has proven they can find good size reserves. New production of 10 MMCF/d should be on stream in q1 98. have you looked at this one yet ? Cheers and good investing