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

To: SofaSpud who wrote (6356)	4/30/1999 1:32:00 AM
From: mike smith	Read Replies (1) \| Respond to of 24892

David, I checked out Posts' latest press release regarding year-end results and was surprised to see no discussion of year-end reserve amounts or net debt of the Company. If possible try and find out what their NAV was at December 31, 1998 along with their forecasted cash flow for 1999. Based on the Company's current stock price of $5.40 I would expect to see cash flow per share over $1.00 for 1999 which would be double what they accomplished in 1998 - a significant increase !!! On the positive side it appears that Post is focusing its drilling efforts in 1999 on West of the fifth prospects which are deeper, more prolific and longer-life reserves. Based on the Company's low finding costs per BOE Post seems to have a very capable technical team when it comes to finding hydrocarbons. Hopefully this success will continue into 1999. Has their annual report been published yet ??? Mike