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Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?

To: John T. who wrote (70)	1/26/1999 9:00:00 PM
From: Ed Ajootian	Respond to of 272

Benz logs Mississippi well Benz Energy Ltd BZG Shares issued 34,130,683 1999-01-25 close $0.64 Tuesday Jan 26 1999 Prentis Tomlinson reports Benz Energy logged and is completing its Howell Petroleum 32-4 No. 1 development well in the Oakvale Dome field in Jefferson Davis County, Mississippi discovered in 1997. The company owns a 55.6 per cent working interest in the well and an average 64 per cent working interest in the field. The Howell No. 1 well logged 247 net feet of indicated gas pay in four zones in the Hosston formation between 15,200 feet and 15,900 feet. The company anticipates commingling for production the three zones not completed in the K. S. Byrd 31-1 No. 1, discovery well for the field. This well was completed in September 1997 in 26 net feet of pay in the Harper zone of the Hosston formation and is currently producing at an average rate of 10.6 million cubic feet of gas equivalent per day. The company is continuing to drill a second development well at Oakvale Dome, the Fortenberry No. 1, in a sidetrack hole below 11,500 feet. This well encountered mechanical difficulties after reaching 15,616 feet with mud log shows in multiple intervals above the Hosston Formation. Benz anticipates the Fortenberry well will reach its total depth of 16,200 feet in early March. *************************************************************************** WE GOT IT MAN!!! This is a MONSTER. Nine times the net pay of the first well and that well's doing 10 mmcf a day! Not sure why there was so much selling in anticipation of this great news. Interestingly they waited until the market closed to put this blockbuster news out. By all rights the stock should really power up tomorrow, up to the $.70's. At least now we're gettin' some action. For the trading picture, what will be key in the coming weeks is not really price movement, but VOLUME. The only way we're gonna get the big boys interested in this turkey is trading liquidity.

To: John T. who wrote (70)	2/10/1999 8:27:00 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 272

John, Just a hunch but I think the Europeans are stepping up to the plate here and averaging down. European investors bought about $26 mm of the convertible notes last year, through Dominick & Dominick. In the last 3 days Dominick accounts have acquired 40,000 shs. of Benz. I'm just putting 2 & 2 together. The Euros bought the notes with a conversion price of $1.70. There is no way they are gonna let $26 mm just go up in smoke, especially with the company having taken the hard steps to insure its survival with the personnel cutbacks. So now that the company's prospects are looking pretty good and the downside is covered, the Euros are moving in. They realize that these next few weeks are likely to be the last time anyone is gonna be able to build a significant position in the stock of this company without moving the stock price way up as they got in. They are not as cagey as the Canadians and do not bother to mask their presence by spreading their buying over several different brokers. They just step up and buy the stock. It almost looks as if they _want it to be known that there is some huge buyer out there, as if to draw out some huge seller that may be lurking. This would fit with some rumors I have been hearing that a Benz shareholder with an immense stake is getting impatient and needs cash fast. If my speculation is right, there will be some point at which the big seller will finally come out from hiding and start meeting Dominick's buys with massive sells of his own. We would then see a couple of days with massive volume and little change in price. This would be a great entry point for any one watching at home --- it would signify that the big seller is finally being taken out. Will be interesting to see at what price this battle will occur.

To: John T. who wrote (70)	3/3/1999 12:36:00 AM
From: Ed Ajootian	Respond to of 272

John, Don't fall asleep on me now buddy, the action's just gettin' rollin'! Got a fax from the co. today announcing an "unprecedented conference call" (sic), to "discuss currently unannounced results, new developments, and upcoming events that will significantly impact the Company". The call is on Thursday at 11 am CST. Based on the lack of a market response to the fax (which got out before the market closed today I believe) it looks like folks are gonna wait until they hear what Prentis has to say before buying into this hype. Due to work requirements I don't think I'll be able to listen in on the original call. If anyone else is interested and so inclined, give Mark Kahil a call at 713-739-0351 and get the number for the conference call from him. He didn't want me to post it up here so as to keep the riffraff out. Tell him you're a cyberbuddy of mine and that you are sitting in for me & the rest of the throngs of Benz fans here at SI, to whom you will duly issue a report on this thread as soon as the call is over. Tell him you're all set to buy 20 -- 30,000 shares of this thing if the news is really good. We should get the flow results of the Howell well on Thursday. Also, folks should note that companies (especially cash-poor ones such as Benz) do not typically go through the time and expense of putting on one of these gigs unless they have something truly important to say. In other words I believe we'll be finding out something more than just how many mcf of gas the Howell well flowed at. If Mark were a true superstar he would record the conference call, get it transcribed, and then post a transcript of it up on the Benz website. I've seen several other companies do this. BTW, the Fortenberry well is drilling ahead after having had intermediate casing set down to about 12,800 feet. That should hit TD by month-end. So any good news announced on Thursday should not invoke too much selling since there is more good news right around the corner.