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 : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (5449)	9/29/1998 7:23:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24892

Mr. Peever & Mr. Duncan / The Korner Mavericks David - background coverage of Black Sea was super. Time to remind people that you and Herb are a valuable contributors to the content at Kerm's Korner. You guys provide a valuable service and I, for one, greatly appreciate those efforts.

To: SofaSpud who wrote (5449)	9/30/1998 10:23:00 AM
From: Taff	Respond to of 24892

Hello David / Re; Black Sea Thanks for your insight, I did buy a few thousand shares when they were around 35cents so even now I can flip out a few bucks; latest quote around 60 cents. From my understanding of the the company assets is that they have around 40mil in the bank "according to my broker" that would make their stock worth 80 cents if they shut the doors today. Yes I see that they have brought in some people from Oxy as of a couple of months back. Expected that they will put Russia on indefinite hold and pursue interests in the US and Peru. I know the rough costs of bringing oil to the surface in the US and it is around 7 to 8 dollars per barrel, transportation extra. In Peru I have no idea what the costs are, but it could not be anymore IMO. Transportation costs could be high, not sure if there is any flat ground in Peru. Expected first well to be spudded sometime this fall "October" + a couple of months, maybe. Is the stock worth holding? once it doubles I sell out my to recover my costs and hold whats left. the stock, could definitely come back to its 4 dollar range given a year or two. I hold most of my energy stock in Ocelot and Talisman, both heavy into gas. And according to the Farmers Almanac, as good a source as any, this winter is expected to be cold. Regards John