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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?


To: RIK who wrote (29)4/20/1998 11:48:00 PM
From: Scotchman  Read Replies (1) | Respond to of 754
 
Hi RIK,

Sounds like you might have bought high and couldn't get out in time.

If your referring to any of my posts as the crap that's been floating around. I get information and then I share it here on SI. Take it with a grain of salt if you like, but don't call it s___! until you can absolutely confirm that it is such.

This is from another site, TKE to be exact.

To: Scotchman (280 )
From: R.Barbe Monday, Apr 20 1998 10:14PM ET
Reply # of 288

I have returned from the Toronto Resource and Energy Conference and was delighted to see this posting because a very informed individual representing a small oil and gas company explained to me that it is not unusual for the drill bit to miss a formation by a very small distance such as 20 feet. more or less.An ancient fault may have shifted the sands.He also explained that the formations represent different geological time periods and there is also the probability of significant gas below the Leduc formation.This is why I feel it is unwise to bail out so soon and do not understand why the other companies involved in Strachan continued to slide today.
There is still a lot of hope left in this play.

Good Luck,
Scotchman