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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?


To: Abbeydale who wrote (1737)12/18/1998 12:51:00 PM
From: Ed Pakstas  Respond to of 2306
 
LOL....ed



To: Abbeydale who wrote (1737)12/20/1998 10:41:00 AM
From: Bearcatbob  Respond to of 2306
 
Abbey, The Bearcat roll continues. My namesake oil company must soon get on the band wagon!
UC 86, UNLV 73
------------------------------------------------------------------------
Mickeal, Martin beat Rebels with a cause

Sunday, December 20, 1998

BY MIKE DeCOURCY
The Cincinati Enquirer

LAS VEGAS -- Shawn Marion said he was not going to take this personally. Good for him. So he and his teammates with the UNLV Rebels have another defeat this morning, but at least his feelings aren't hurt.

Cincinnati Bearcats forward Pete Mickeal wanted this one. He wanted to win, as always, but he wanted to show those college basketball fans willing to stay up after midnight EST that the best player to enter Division I from junior college this autumn did not necessarily matriculate at UNLV.

Mickeal extended his personal winning streak to 81 games with UC's 86-73 victory over the Rebels at Thomas & Mack Arena, but he's obviously won many times before. This time, he got the best of Marion, who was proclaimed by recruiting analysts as the top junior college player even though Mickeal was the NJCAA player of the year and leader of two-time champion Indian Hills.



To: Abbeydale who wrote (1737)12/29/1998 11:04:00 AM
From: Bearcatbob  Read Replies (2) | Respond to of 2306
 
Abbey -WAKE UP! READ THIS!!!!!!!!!!!1

December 23, 1998

TO THE SHAREHOLDERS:

The following information is considered to be of significant importance to all Bearcat Explorations Ltd. shareholders.

On Monday, December 14, 1998, the Farmor group (Stampede Oils Inc., Bearcat Explorations Ltd., Curlew Lake Resources Inc. and Panda Petroleums Ltd.) in the Turner Valley North farmin block in southwestern Alberta, delivered a Notice of Default to the Operator/ Farmee of the IMP Berkley Turner Valley 2-21-21-3 W5M discovery well, as provided for in the governing Seismic Option Agreement dated December 18, 1996.

The Operator/Farmee has breached numerous obligations in conducting the discovery well operation related to pertinent conditions of the aforementioned governing Seismic Option Agreement. The only alternative to the serving of this Notice of Default would have been for the Farmor to tolerate apparent never ceasing and ongoing delays perpetrated by the Operator/Farmee in having the 2-21 well completed and eventually having it placed on production in a reasonable time frame.

As requested subsequently by the Operator/Farmee, a meeting was held on Wednesday, December 16, 1998, at which time Stampede, on behalf of the Farmor, recommended that it take over and complete the well in accordance with good oilfield practice in order to have it put on production in the near future. The response to this was negative!

The Operator/Farmee has 30 days from receipt of the Notice of Default to commence to remedy such defaults and thereafter must diligently continue to remedy them. The Farmor is hopeful that this Notice will provide the impetus whereby the current operator will endeavour to have the 2-21 well put on production in accordance with good oilfield practice.

However, should the Operator/Farmee not remedy or attempt to remedy the defaults, as provided for in the Seismic Option Agreement, the Operator/Farmee's right to earn an interest in the 2-21 discovery well and all related petroleum and natural gas (P&NG) leases, totalling approximately 5,220 gross acres, will terminate.

In that event, Bearcat and its partners will take all steps necessary to have the 2-21 well completed in accordance with good oilfield practice and subsequently placed into production early this coming year. Bearcat's interest in this well, and in the other P&NG leases, would increase significantly from the after pay out 11.125% interest currently provided for in the Seismic Option Agreement.

The Farmor group is currently holding discussions with other sizeable oil and gas exploration companies regarding participation in the balance of the Turner Valley P&NG leases. Such an involvement would very definitely include a working interest arrangement in the Turner Valley north farmin block.

Accompanying this letter is a copy of a recent third party assessment evaluation of the potential of the 11-15 offset location to the IMP Berkley 2-21-21-3 W5M discovery well. Also find a Project Data resume, an updated Turner Valley Oil/Gas Reserves resume pertaining to the P&NG leases in which the Company holds interests, and a Comparative Analysis relating to the logistics of oil versus gas production from the Mississippian Turner Valley formation. This analysis demonstrates that an oil well in this project should pay out all drilling and completion costs in an eight-month period at an unlikely low oil price of $7.00 U.S. per barrel.

A revised interpretation of the indicated Turner Valley Devonian Crossfield gas pool delineates in excess of three trillion cubic feet of potential (probable) recoverable gas reserves.

With regard to other exploration and development areas, the Company plans to have certain development projects underway early in the New Year, along with the commencement of significant revenues. The advent of substantial new revenues in early 1999, coupled with additional exploration/development drilling will ensure that the asset/market value of the Company should escalate significantly.

The Company recently completed a private placement of 4,260,000 common shares in the capital stock of the Company at a price of $0.40 per share, the proceeds of which are for its share of current and ongoing activities in the Turner Valley project. These shares are subject to a one-year hold period in accordance with Securities regulations.

MERRY CHRISTMAS and HAPPY NEW YEAR.