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 : Goldnev Resources (V.GNZ) -- Ignore unavailable to you. Want to Upgrade?

To: Pierre J. LeBel who wrote (38)	3/20/1998 8:23:00 AM
From: hsm	Respond to of 47

SUMMARY of PRESS RELEASE - March 17, 1998 Goldnev has reached an agreement-in-principle to purchase a 50% interest in petroleum & natural gas rights pertaining to 1,932.8 acres located in West Texas. The company is required to pay US$111,146. The property is encumbered by an underlying 25% net revenue payable to a third party. Agreement-in-principle to purchase a 50% interest in an adjoining property of 651 acres. Required to pay US$37,432.50 to earn its interest. Encumbered by an underlying 25% net revenue royalty payable to a third party. Each agreement in principle is subject to a formal agreement by March 24, 1998. The company is also acquiring a 50% interest in oil & natural gas rights in the "Coos Prospect" in West Texas. Total area = 2,583.3 acres. The company proposes to initially drill one test well through the Strawn and Ellenburger formations directed at seismic targets on the structural high. A successful Coos Prospect well has the potential of reaching Strawn gas reserves of 2-1/2 billion cubic feet and Ellenburger gas reserves of 9 billion cubic feet.

To: Pierre J. LeBel who wrote (38)	7/27/1998 12:42:00 PM
From: Buckey	Read Replies (1) \| Respond to of 47

Pierre - It seems that GNZ is the only PQE controlled company not at its 52 week low. I have been doing some digging on the Michael Pezim stable of "companies". They all pay $5,000 a month even if they are collecting dust in the corner of the PQE offices. This is post I am putting on the threads of companies with the PQE address. Here is a little info I am posting on the Haddington Thread - HDD.VSE. HDD and the company that this thread talks about are both Prime equity controlled companies. All 14 of the companies I have identified as Prime controlled have basically the same story - 3 or 4 directors that are the same for each and every company - Pay PQE $5,000 per month EACH for administration fees plus other expenses - sometimes rent extra - trade at or near their 52 week low ( except GNZ) - have had no news or bad news only in the last 6-9 months - Are in Jeopardy as Prime has publically announced intentions to shift away from mining activities - - This post is a quick summary outlining the 14 companies exchange2000.com I have initiated a shareholder action group exchange2000.com The posts after this will brief the progress made to date.