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Gold/Mining/Energy : POE:VSE PAN OCEAN EXPLORATIONS INC. -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (129)	5/11/1999 7:15:00 PM
From: john	Read Replies (1) \| Respond to of 277

geology is complicated I know a gold property that has complicated geology and a very unusual deposit, oh my heart. lol

To: CIMA who wrote (129)	5/12/1999 9:49:00 AM
From: Jim Bishop	Respond to of 277

Charger Pete CHC:A 267,970 3.05 +.15 Reached target depth of 19,000 ft. without hitting salt water. Well being cased and tested this month. Needs excellent results to support share price.

To: CIMA who wrote (129)	5/12/1999 5:38:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 277

Hi CIMA; Today, the Telegram carried a feature article on the well being drilled by Pan Canadian at Shoal Point,and the well being drilled on the Grand Banks by the Jeanne d'Arc Basin Group.I will cite a few quotes from the news item to give you a "flavor" of the total article: "....West Coast well has been put under a veil of secrecy.....in the latest weekly update from the CNOPB,even depth information was withheld by the company.." "We're running a tight hole" says PanCanadian spokesman Alan Boris...the industry term for a top-secret well.According to one local resident,things are very quiet in the area....no flare has been yet spotted in the drill area.According to the article,seismic trucks have been viewed near the site,indicating the oil companies are planning down0hole seismic work However,that could mean just about anything,according to other observers.For example.."it might mean that they have positive results and are going deeper; or it could mean that they drilled underneath their intended target and need to get their bearings before resuming drilling.." Above comments are just an indication of the amount of interest in this well, and the number of individuals who are willing to speculate on any range of possible scenarios as to what may indeed be the actual situation. In any event,Pan Canadian's move to tighthole status begs the question...Why?Up to several days ago,the Company was prepared to release weekly information updates on their drilling program.What is it that the Company wants to keep private about this well? I doubt that it has anything to do with "complications with the well"...as speculated by some observers...what is to be gained by keeping that kind of info secret?The very word "secret" implies" protection for private gain"..so what kind of information qualifies for this definition? Readers who have experience in the oil patch may be able to help us out with this situation...there may be any number of plausible explanations for this turn of events that many of us haven't even considered.....any thoughts?????

To: CIMA who wrote (129)	5/13/1999 12:26:00 PM
From: Jim Bishop	Respond to of 277

Charger Pete CHC:A 496,449 3.50 +.45 Setting casing on 19,000 ft hole in Texas gas test. Preliminary logs are encouraging but far from conclusive. Flow testing later this month.

To: CIMA who wrote (129)	5/14/1999 4:46:00 PM
From: Jim Bishop	Respond to of 277

POE.V RB thread is up now. ragingbull.com

To: CIMA who wrote (129)	5/16/1999 7:07:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 277

Hi CIMA: A feature article in this weekend's Telegram entitled"Sensor reported to find oil deposits from Airplane", describes how Pinnacle Oil Int. Ltd. with its Stress Field Detector(SFD) technology, is predicting a commercial oil field at Pan Canadian's Shoal Point well-site.The article reports that Encal offered Pinnacle an 8% royalty from its percentage interest in the Shoal Point well.Dan Topolinsky,former senior VP of exploration with Renaissance Energy, now President of Pinnacle claims that the technology is 85% correct when it flies over oil or gas accumulation. The SFD survey system operates on the theory that subsurface mechanical stress in rocks and pressure differentials in fluids produce above ground, non-electromagnetic energy patterns. Having correctly predicted dry holes at AntiCosti Island, the technology is beginning to garner the attention of oil exploration companies.With Pan Canadian approaching target at its Shoal Point well, we won't have long to wait to see if Pinnacle has accurately zeroed in on the "golden goose" that many oil exploration experts believe is lying in wait somewhere on the West Coast of Newfoundland. On another point,with or without success by Pan Canadian, it looks like Vulcan Minerals will be the next Company to spud a test well on the Port au Port peninsula. In a May 13/99 press release,Mr Pat Laracy stated that Vulcan will commence drilling as soon as permitting is recieved from the Government of Nfld. and Labrador.Vulcan has now entered into a drilling contract with Eastern Oilfield Services Ltd. to drill the 300 metre well on the Company's Flat Bay permit.