Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HAZ who wrote (4729)	2/23/1998 10:01:00 PM
From: Scott Mc	Respond to of 24921

Haz, all I have is the following 1.The Company has, after the issue, 50,386,694 common shares issued and outstanding. 2.Annual 1997 and fourth quarter financial results will be released on March 2, 1998. Production for 1997 averaged 4,900 barrels of oil equivalent per day with the fourth quarter averaging 7,015 barrels of oil equivalent per day (4,435 barrels, 25.8 million cubic feet). 3.Average production for the month of January increased a further 24 percent to 8,700 barrels of oil equivalent per day (5,500) barrels, 32 million cubic feet). Based on Jan figures(assuming they can maintain this rate)I value the company at a bit over $4.00. With serious insider buying my bet is they will maintain that rate, so when I was able to pick up shares under $2.00 I took a small position. I like to have a lot of small positions on these undervalued junior oils, some of them crash, but most of them do OK. I would be a seller at $3.00 or more. Scott