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

To: Kerm Yerman who wrote (5527)	10/26/1998 2:45:00 PM
From: Hatsoff	Respond to of 24916

What is your, or anyone who follows, opinion on Enterprise Development "ED" on Alberta. I think it is ready for a very large up surge, lacks promotion, test on well #1X had a restricted(undersized equipment) oil flow of exceeding 2000 BOPD, more like 3000BOPD.Latest company releases indicated that once the proper large size production equipment procured in Houston, gets to site in Gautemala within 7-10 days and gets assembled the well is going to bypass further testing and go into straight production mode, have sales contracts in place already. Well #1X expected to produce approx. 3000 BOPD from say Nov.15/98. Then company has cased wells # 2 & 3 of which #2X well has also been tested alongwith 1X in AUG/98 at a rate of 170 BOPD requiring unplugging the casing similar to what has been done for 1X. Information is that out of all three wells cased so far, 1X & 2X have pumps mounted on them and company plans to bring all three into production before end of next year; 1X- Nov/98, 2X- 1Q/99 & 3X-4Q/99. The expected production and sales rates are Dec/98 @ 3000, Mar./99 @ 6000 BOPD & DEC/99 @ 10000 BOPD.Approx. 18 more targets validated on this previously Getty Oil owned lease i early 1980'S which ED plans to drill next year,reserves of approx. 1 Billion barrels, meaning the oil flow data above can be the minimum production rates. I say $5-$10/ share by Feb/99.What do you guys think.

To: Kerm Yerman who wrote (5527)	10/27/1998 3:32:00 PM
From: gekko	Respond to of 24916

Anyone following Derek Res.(DRS-VSE) they have 100+ million barrels proven on the LAK Ranch Property in the Powder River Basin of Eastern Wyoming. They are suppose to be announcing a JV with a Major.

To: Kerm Yerman who wrote (5527)	11/2/1998 6:46:00 AM
From: Kerm Yerman	Read Replies (4) \| Respond to of 24916

J.P. / Ecuador I don't have any answers off the top of my head. However, Pacalta Resources may be the Canadian candidate. You might want to review their annual report at SEDAR to learn if they are active there and in what fields. sedar.com You may also want to pay a visit to EIA to review their file on Ecuador. eia.doe.gov Here is a recent news release regarding the country and another Canadian company. techstocks.com I'll see what I can dig up for you.