Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (448)	5/13/1998 12:41:00 AM
From: saif	Read Replies (2) \| Respond to of 1207

OFF TOPIC ...................OFF TOPIC I had my first gas discovery ! ! ! ! ! ! ! I want to thank Richard, and Grayhair, for answering all my questions regarding the Meekwap and the Strachan, this thread is very smart and technically very informed and educational, I like very much the resistivity logging course, it was not boring at all. My third exploratory well seems to be a success, I posted the news from Pakistan on the thread of PYI , Pyramid, nobody on that thread will be able to help evaluate the gas discovery, anybody who can post his evaluation at that thread will be greatly appreciated Thank you in advance. Omer

To: kingfisher who wrote (448)	5/14/1998 1:21:00 AM
From: grayhairs	Read Replies (3) \| Respond to of 1207

Hi Richard, IMHO it is quite unlikely that the delay in testing would be related to "special equipment to test". It is possible, but I would very much doubt it as Alberta supplies and services required to complete and test wells are plentiful and outstanding. Also, unless I've missed some recent news (quite possible), I do not think that the forest fires would impact the completion schedule of the Strachan well. If you will allow me to SPECULATE, I will offer the following scenario as one which MIGHT explain a short delay in testing. Please do note that the scenario I outline is just the result of a "been there, done that" experience. It is not derived from any factual info. First, I remind you that there are a couple of "private" companies astute and fortunate enough to have a position in this play. Now, if Apache does exercise its outstanding option to "earn more land", then in order to "stay in the play" these private entities will have some "real coin" cash calls coming up. They will, assuming normal industry practise, also have pending cash calls for the completion and testing of the first well. Now, if Apache has a high degree of confidence that they have a significant discovery here, they will recognize that they may have a terrific window of opportunity to "take out" these smaller entities [before everything gets "BANKER PROVEN"]. Perhaps TKE and LEY (because of common directors) and more recently FST have become aware of "dealings" as contemplated above and fearing that they would be next, they passed their respective poison pills. JUST AN ACTIVE IMAGINATION ON MY PART???? Later, grayhairs