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Gold/Mining/Energy : dyolf -- Ignore unavailable to you. Want to Upgrade?


To: CLK who wrote (10)5/2/1998 4:34:00 AM
From: Bruno  Read Replies (1) | Respond to of 49
 
Dynamic does have approximately 19 million shares outstanding...but I do not think the magnitude of their St. Albert discovery has been realized yet and the revenues that will be/are being realized will still be very significant when compared to shares outstanding. With spring breakup now done at St. Albert I understand Dynamics 50/50 partner Fletcher Challenge Energy is going to get quite aggresive on the property. 5 new pipelines (4 gas/1 oil)are about to be laid and a 6 hole re-drill/ drilling program about to commence...boe/d plus proven reserves have already climbed very significantly and there is alot of room for more growth...
The stock is still trading around 1 3/16 (near its 52 week low) but I think as the numbers begin to come out things will change!
As for the Bellingham Basin...Dynamics' play was in the Fraser River Basin in BC, they still have the claims and you never know when that will get revived!