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Gold/Mining/Energy : The Next Act -- Ignore unavailable to you. Want to Upgrade?

To: David Kitt who wrote (21)	4/3/1998 8:50:00 AM
From: John Fairchild	Read Replies (1) \| Respond to of 102

Watching it this morning David. You could spend hours at their web site and not run out of information to read. This company has a list of awards and contracts as long as your arm. I probably won't buy on this run up but If it comes off I'll likely jump in. I've got another I am watching this morning. It is against my better judgment as I have not bought yet but watch SCT-T. Take over bid announced by ISD-T at a $15 (a significant premium.) It is closed yesterday at $12.3 and the news came out late in the evening yesterday and has yet to be retransmitted. I love take over targets. SCT has a market cap of $32 mil and cash of $19 mil. ISD wants the operation to complement their own. An interesting story. John

To: David Kitt who wrote (21)	4/5/1998 3:31:00 PM
From: Ward Nicholson	Respond to of 102

GEX:TSE That Mortice Kern Systems is interesting. Check out GEX. Something in the low 7s would be nice. GEX trends nicely, but could use some liquidity. Here's a release from awhile ago... Genesis Exploration Ltd GEX Shares issued 16,454,645 Jan 13 close $4.90 Tue 13 Jan 98 News Release Mr David Wilson reports Genesis Exploration has closed a deal to sell its indirect interest in the Alliance Pipeline project for $8.7 million resulting in a gain to the company of approximately $4.9 million ($0.11 net income per share based on year end outstanding shares of 29.4 million). Genesis has been a partner in the Alliance project since its early stages and maintains its belief in the project as a cost effective method for moving its high BTU gas from northern Alberta to the Chicago hub. The company will maintain its commitment to ship gas on the Alliance Pipeline. In addition to the cash consideration, Genesis has obtained an option to move 20 mmcf per day of gas from the Chicago hub via the Duke Energy pipeline transportation system. After this transaction, Genesis will have a net debt level of approximately $17 million. This will leave the company at a current debt to 1998 cash flow level of 0-5 years, providing an excellent balance sheet as a platform for the company's 1998 capital expenditure program. Genesis will not be reducing its 1998 capital expenditure budget of $60 million excluding acquisitions and expects to drill 15 of its projected 50 wells during the first quarter of 1998. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com