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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: twentyfirstcenturyfox who wrote (5410)	9/18/1998 1:05:00 AM
From: Kerm Yerman	Respond to of 24921

Inge / Seven Seas Don't really follow Seven Seas. Main reason is that major operations are in Columbia. You've probably seen past comments I've made regarding operators in Columbia. There have been quite a few Canadian companies who are attempting to do business there. Recently saw press release where recent well will probably prove uncommercial. When these international juniors announce a negative drilling, their shares seem to get clobbered every time. From what I've been able to interpret over the past week ( a review of share movement over the past couple of months which I was completely void of ) it's the international juniors that have been severely beaten down. In most cases they are under financed to support proper operational activities and the financial markets are closed to them. I think the best thing to do now is to see how they have progressed in terms of production since they commenced operations there. I have no idea of that status. Generating cash flow over the coming months to support their planned activity is very important.