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

To: Keith Minler who wrote (674)	3/20/1998 1:22:00 PM
From: teevee	Respond to of 2306

May 13 Land Sale Postings: 1. A0215 5-03-022: sec 6 2. A0216 5-03-022: sec 18 3. A0217 5-03-022: sec 20SW 4. A0218 5-04-022: sec 12 5. A0219 5-04-022: sec 24 At this rate it will take another dozen land sales or so before there is nothing left to post.

To: Keith Minler who wrote (674)	3/20/1998 4:14:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 2306

Hi Keith With respect to the BKP option well, I just remembered that their option is to drill on the Hartell Crossfield Structure (ie. an option to offset Bearcat's #1 well roughly 12 miles S.E. of the BKP earning well in 12-35 and far enough away from the posted lands not to impact the April 1 sale). I haven't driven through that area for a long time so can't comment as to if it has spudded. I'll check out the well licenses next week to find out. So as to conserve a Post, I'll say "THANKS WAYNE" here for the response regarding net rights positions. I'm quite surprised by same. I had thought that we might see Peters show up as a significant Buyer. Oh well, I guess that as long as the stocks continue to trade at their approximate current levels, even with a just a handful of rights anyone has the opportunity to exercise their rights, offer to take up their prorata share of any that are not exercised by other rights holders, and VOILA - you get a shot at a near 12.5% stake in STF @ $0.35/share and a near 9% stake in BEA @ $0.70!!! Why p... away a few dollars buying up the rights. You won't need them. Just hold the stock down!! Also, I guess there's a way of doing a P.P. here(at $0.35/$0.70 per share, with some high priced/short fused flow through warrants as kickers) without calling it that (and, without even having to do any P.P. paperwork). Just line up the placees, ensure that they hold a few rights, and have them exercise same on a prorata basis but limited to individual subscription amounts. There you go folks. All done. But, on April 1 what will the headlines read? That is the question. Could be- "BEA/STF rights issues fully/partially subscribed" (Even if effectively done as a P.P.), or Could be- "Company X announces the acquisition of a +/- 12.5% holding in STF and a +/- 9.0% holding in BEA" Follow that up with Sale Results on April 2. We got some interesting times coming folks. Thanks for info on Intraday Java Applet on Canada Stockwatch site. I'll try it. And, water production is not nice. It contributes to - reduced hydrocarbon productivity, higher unit costs of hydrocarbon production, more rapid depletion of reservoir energy and inferior project economics. Bottom line is you want it to stay in the ground. California wouldn't want it either as it is saline. Chow.