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Gold/Mining/Energy : Vulcan Minerals - C.VUL -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (222)	5/30/1999 5:37:00 PM
From: Len Hynes	Read Replies (2) \| Respond to of 415

Buckey,what do you make of the widespread rumor and belief that Pan Canadian undershot their primary target at Shoal Point.Is this what was happening several weeks ago when it was reported that they were having problems with the well?Would this explain why seismic trucks were brought in around the same time..."they were lost..." as Dilution reported in his May 27 posting...and needed to do some downhole seismics to find out where exactly they were in relation to the primary target..? Dilution reports that he got his information from Pan Canadian...May 27 posting... Why would Pan Can release this info so soon when they are most likely not required to do so for quite some time...like 2 years.With the amount of seismics Pan Can completed,it is hard to reckon how they could miss the target...if this is correct, I would think that someone is going to pay for this boo-boo. I guess we are going to have to see what Vulcan will do once they begin drilling in the next several weeks...I would think that their drill permit is close to approval by now. One thing is certain:Vulcan will be drilling into a petroleum bearing target..the question is how deep is this zone,and does it contain commercial quantities of hydrocarbons...only time will tell...and that time is fast arriving..should be interesting to say the least.