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

To: SofaSpud who wrote (535)	10/17/1996 3:40:00 PM
From: Richard Saunders	Respond to of 24921

David/ I'm interested to know the cash flow fundamentals re: Probe. I have a company Investor package but cash flow focus is quite blurry (in my opinion). Production has been growing and, as you note, the forecasts are for a doubling. What forecasts re: cash flow was PRX selling? What are they assuming for gas/oil prices? The information the company provided in the IR package placed more of an emphasis on PRO FORMA numbers and I found trying to extract actual cash flow projections a bit of a challenge and turned my attention elsewhere. My initial impression was that PRX was trading at a very high multiple.............

To: SofaSpud who wrote (535)	10/17/1996 4:43:00 PM
From: Kerm Yerman	Respond to of 24921

David / SEPAC Do you have a list of the 16 companies who participated in this event. If you do, could you please list them here for me. Thanks

To: SofaSpud who wrote (535)	7/7/2009 4:32:58 PM
From: SofaSpud	Read Replies (1) \| Respond to of 24921

A blast from the past: While cleaning out old files I came across the booklet for the October 1996 SEPAC Symposium. Thought it would be interesting to see what became of the presenting companies, and whether in hindsight there were any lottery tickets. I've only spent a few minutes, but if anyone has insights as to how well an investment would have done in one of these companies, chime in! Presenters: Artemus Energy Limited: NAV at the time was ca. $1.70. They were producing around 30 boe/d. I think they were eventually taken over by Vermillion. Bellator Exploration Inc. -- Trading at 42 cents, producing 80 bbl/d. Taken over by Baytex in 2000. Best Pacific Resources Ltd. -- producing 650 b/d, trading at $1.19. Taken over by Advantage in 2002. Big Horn Resources Ltd. -- Producing 330 b/d, trading at 71 cents. Merged with Westlinks in 2001, which I believe became Enterra. Calahoo Petroleum Ltd.. Trading at 95 cents, producing 950 b/d. Taken over by Samson Canada in 2000. First Star Energy. Producing 70 b/d. No idea what happened to them. Founders Energy. Trading at 65 cents, producing 500 b/d. Believe they became Provident in 2001. Ironwood Petroleum Ltd. Trading at 85 cents, producing 400 b/d. No idea what happened to them. Midas Resources Ltd. Trading at 50 cents, producing about 115 b/d. No idea what happened to them. New Cache Petroleums Ltd. Trading at $8.50, producing 1,800 b/d. Took over Rydal; sold in 1999 (to Grey Wolf?) Pointer Exploratin Corp. Trading at 90 cents, producing around 500 b/d. Taken over by Pan Atlas in 1997. Probe Exploration. Trading at $1.03, producing 420 b/d. Don't think there's anything left of this after the crash and burn four or so years later. Search Energy. Trading at $2, producing 475 b/d. No idea what happened to them. Torino Oil & Gas Limited. Trading for 12 cents, with the objective to exit 1996 at 100 b/d. Appears to have been taken over by Cantex in 1999. Truax Resources Corporaton. Trading at $1.27, producing 1,000 b/d. Acquired by Saxon in 1999. Vintage Resource Corp. Trading for 95 cents, producing 1,100 b/d. Bought by Danoil in 1997, and merged into a trust (name unknown) in 2001.