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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (115)4/18/1998 2:39:00 PM
From: grayhairs  Read Replies (1) | Respond to of 486
 
Hi Scotchman,

I can't get any news to confirm/support/reject/discredit the reported gas show at 4100m either.

You are correct in pointing out that this is not yet a dry hole. It "probably" will be commercial in the uphole sands, and we still can not rule out the deep potential of the secondary zones.

With respect to the TKE and DAL participations in the well, you and I have different information regarding the well interests. It is my information that:
- TKE pays 10% of the well cost & holds a 30% interest after payout.
- DAL pays 15% of the well cost & holds a 7.5% interest after payout.

I also understand that TKE only has ~10.5MM shares F.D. while DAL has ~22.6MM shares F.D.

Can you (or someone else on this thread) help resolve our conflicting information?

Later
grayhairs



To: Scotchman who wrote (115)4/18/1998 3:21:00 PM
From: Peter  Read Replies (1) | Respond to of 486
 
This would be a good time to buy DAL, TKE and FST. They all have been driven down by the major disappointment.

I'm beginning to wonder about recent and forthcoming events.


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