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Gold/Mining/Energy : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: Bannick who wrote (280)6/25/1998 8:57:00 PM
From: Traveling Man  Read Replies (2) | Respond to of 658
 
Mike,

Will do. I have heard nothing further since I asked. The reason I did ask is I saw Redstone as one of the large acreage holders in the Powder River basin gas play. FN did not mention this in their 98 annual, so it may have been a typo mistake. I hope it isn't. I am all for FN's move into gas&oil,moreso gas. I really do believe that NG is the fuel of the future. It is cleaner and MUCH easier to exploit. It's the perfect mineral. It wants out of the earth, all other minerals,including oil, must be forced out at high expense. FN looks like a mutual fund for commodities anymore and I like that long term, though short term EN has had faster growth. This, I think will even out in the next several years.

TM




To: Bannick who wrote (280)8/14/1998 4:14:00 PM
From: Traveling Man  Read Replies (2) | Respond to of 658
 
Mike,

I finally confirmed that Redstone Resources holds 200 K acres in the Powder River Basin Coal Bed Methane gas play. It's a long term good deal, but it won't make an immediate splash because the infrastructure there is not ready to gather gas from RR's wells. I like this as it adds to FN's already growing presence in NG.

TM


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