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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (535)	3/19/1998 6:15:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 2306

Hi BearcatBob. Your questions show that you certainly are trying to get to the bottom of this play! I wish that the answers you seek were easy. I'm sorry they are not. You and I do not have all the technical data and info (Eg. seismic surveys, logs on the new wells, synthetic sonograms to tie actual structural info back to the geophysical interpretations, precise perforation\ stimulation\ productivity info, etc.) requisite to the best possible interpretation of this play. You see as long as these 2 recent wells remain "tight hole", you and I are pretty much in the same position as the BEA\STF\BKP\Esso competitors!!! Now that may not be very comforting to you and me on the one hand, but on the other hand (as shareholders of existing players) we have to draw some comfort from the fact that BEA\STF\BKP\ESSO STILL HAVE REASON TO MAINTAIN THE TIGHT HOLE STATUS. It is if they lift their cloak of secrecy BEFORE the land sale that we're going to have to "worry in a hurry"!! BearcatBob, I'm not trying to avoid answering your questions -- It's just that I'm pretty ill equipped to answer you. Now, having emphasized that point to you, for what they are worth, here are my answers anyway!! I can imagine that the "exploration corridor\arena" for the BEA deep regional MTV could easily be 25 to 30 miles in length. But (as you did infer earlier today) because of a lot of cross and other faulting along that length, I'd expect a lot of discontinuities with maximum pool lengths of perhaps 3 - 5 miles. And, with all the faulting that may have taken place in here, I could visualize a scenario where one fault block might bear hydrocarbons even though it may be "DOWNDIP" structurally from an adjacent water bearing block. Without actual seismic data and the skills to interpret same, an estimate of arena width is very difficult. I won't let that stop us though. I have competent and trusted friends who tell me they could easily speculate average corridor widths in the order of a couple of miles. IMHO, much of the BEA\STF land which runs parallel to the old TV pool, and on the eastern edge of same, should still be highly prospective for the MTV. IMHO, Shell's rumored success on the western flank means relatively little with respect to the prospects for the BEA\STF deep regional type play. IMHO, ALL of the lands in the upcoming April 1/98 sale will receive "flattering attention". They are after all in the "arena". I can't possibly answer your paragraph 5 as I lack both the seismic data and the skills required to interpret same. Even if I did have both, drilling would still be required to either prove or disprove the "interpretation"!! Sorry. BearcatBob, notwithstanding all of our uncertainties, etc. we have to keep things in perspective here. According to our Alberta EUB's 1997 Reserve Report (ie. independent & public report), two wells located at the northern extremity of the deep regional MTV exploration arena (11-31-22-3W5 and 12-6-23-3W5) produce from what they say is a 5 section MTV pool having a sales gas reserve of 167 BCF. (I think they overstate the areal extent of the pool by 40%, too.) It doesn't take too many of these "small" pools and pretty soon we're talking some real gas. That's why the Big Boys love these plays. Regards.