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

To: Kerm Yerman who wrote (5785)	12/23/1998 10:48:00 AM
From: Bearcatbob	Respond to of 24893

Berkley Petroleum Corp - 9mo earnings eight cents per share Berkley Petroleum Corp BKPShares issued 65,910,8891998-12-21 close $10.4Tuesday Dec 22 1998Mr. Michael rose reviews the company The company has entered into an agreement to acquire a large package of producing, shut-in and undeveloped properties in northeast British Columbia and northwest Alberta from a major oil and gas company. The $81.0-million acquisition is expected to close in early December, a purchase and sale agreement has been executed. Current production from the producing properties is 3,200 boe/d (16.0 mmcf/d gas, 1,600 b/d oil), initial established reserves in the package are 13.2 million barrels equivalent. One of the main attractions of the acquisition is a number of short-term tie-in opportunities from new gas pool discoveries. These tie-ins are expected to add 15-20 mmcf/d equivalent to initial production levels by mid-1999. Further development and tie-in opportunities exist for the following winter 2000 time frame. also included in the package are approximately350,000 net acres of undeveloped land and a large complementary proprietary two-dimensional and three-dimensional seismic data base. The principal properties, Sunset, Cranberry, Larne, Gunnell and Cordova, are primarily within existing Berkley play and operational areas and Berkley staff are familiar with these assets. Average production during the first nine months was 19,098 boe/d, consisting of 8,459 b/d oil and liquids and 106.4 mmcf/d. Berkley drilled or participated in 60 wells in the first nine months of 1998 resulting in 24 gas wells (12.5 net), 24 oil wells (14.7 net) and 12 suspended or dry holes.

To: Kerm Yerman who wrote (5785)	12/24/1998 11:41:00 AM
From: kingfisher	Read Replies (1) \| Respond to of 24893

I have added one more bottom fishing candidate to my Xmas shopping list.Scorpion Energy 9.5 million shares fully diluted with a end of January 1999 rate of production expected of 1700 boe and 85% gas and gas liquids production.The company confident the dispute with Circle will be settled in Scorpion's favor.The last well at Brazeau estimated to be put into production in excess of 10 mmcf/day with Scorpion's interest before payout of a partners 300% penalty will be 78.5 % . Happy Holidays! Richard

To: Kerm Yerman who wrote (5785)	12/26/1998 3:18:00 PM
From: AL R	Respond to of 24893

All / Short Positions Outstanding short positions in stocks for the four major Canadian exchanges - Toronto, Montreal, Vancouver, and Alberta - as of Dec. 15, 1998. Excludes issues where short position is less than 1000,000 shares except where change from previous report is more than 50,000 shares. Data supplied by the Toronto Stock Exchange. Stock Symbol Short Position Change from previous report Alberta Energy AEC 103,741 -16,936 Berkley Petroleum BKP 186,700 -2,407 Big Bear Exploration BDX 186,700 +186,700 Blue Range Resource BBR.A 157,300 0 Bowater Canada BWX 131,400 -5,000 Calahoo Petroleum CLX 55,000 +54,500 Canadian 88 Energy EEE 618,000 -13,280 Canadian Occidental CXY 1,215,963 -7,700 Canadian Resources RTU.UN 184,500 +171,400 Elk Point Resources ELK 74,000 -86,400 Founder Energy FDE 312,200 +160,700 Genesis Exploration GEX 23,700 -69,900 Gulf Canada Resources GOU 839,904 -22,100 Hilton Petroleum HTP 47,866 -110,434 Hurricane Hydrocarbons HHL.A 1,742,800 -753,000 Imperial Oil IMO 405,754 +88,700 Kintail Energy KTE 0 -75,000 New Blue Ribbon Res NBL 0 -68,000 Pacalta Resources PAZ 336,300 -4,400 Pacific Ranger Pet PAI 50,000 +50,000 Para-Tech Energy Ser PTY 0 -129,000 Pengrowth Energy PGF.UN 242,200 -12,400 Penn West Petroleum PWT 13,501 -919,600 Petro-Canada PCA 1,410,655 +152,650 Poco Petroleums POC 164,131 -5,800 Post Energy PSN 161,100 0 Prime West Energy PWI.UN 200,200 -47,195 Probe Exploration PRX 654,000 -176,500 Ranger Oil RGO 161,274 +66,500 Remington Energy REL 306,500 +193,400 Renaissance Energy RES 1,082,512 +106,600 Richland Petroleum RLP 100,000 +100,000 Scimitar Hydrocarbons SIY 69,472 +69,472 Shell Canada SHC 231,508 +103,700 Stanford Oil & Gas SOG 109,600 -314,133 Storm Energy SME 106,819 0 Suncor Energy SU 435,586 +151,300 Talisman Energy TLM 1,342,746 +220,300 TransCanada Pipelines TRP 1,021,852 -78,771 UTS Energy Corp UTS 51,000 +51,000 Westcost Energy W 337,799 +92,496

To: Kerm Yerman who wrote (5785)	1/1/1999 9:52:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24893

Jimsy / Big Bear In reference to comments at Kerm's Korner. Big Bear is definitely a bottom fishing affair. I have been waiting for a reverse split announcement to bait my hook and shortly thereafter will take a serious look at the company. Even though this is currently a penny stock, due diligence is definitely a requisite before investing here. Blue Range did't come up with a white knight which would indicate to me that there is a problem somewhere within their operations. I remember something was said about serious declines in production. I would like to dig further into that subject before taking a plunge. I also would need to explore their debt situation. On the positive side, Big Bear's management is experienced and quite capable. The brokerage community thought the change in management was a good situation and would enhance share value. This is an interesting situation to watch. They do need a good winter drilling season to increase their cash flow and drilling results is key for progress throughout 1999.