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

To: Kerm Yerman who wrote (6484)	6/1/1999 5:49:00 PM
From: Dilution	Read Replies (5) \| Respond to of 24907

Kerm, Since you challenge my version of events at Shoal Point why don't you prove me right or wrong. Should be simple enough. Instead of writing "I don't buy any of that stuff," an analysis that must have been very thorough indeed, why not call Pan Canadian and run down my version of events from Shoal Point as I posted in #6462? Ask them if they drilled the primary zone of interest or not? Did they drill the upper zone (primary) or lower zone (secondary)? Should they talk to you, I would expect you to post back to this group saying whether I was basically right or basically wrong. Ballpark is fine. Here is Pan Canadian's phone number for investor relations, (403) 290-2931. I don't have the main switch board number. From there ask to speak to someone at the top as I doubt investor relations will know the details on the well. I would try David Tuer, President, who has commented in the press before on Shoal Point; as well as Gerry Macey, VP Exploration, who is mentioned in the press release. Ask them to verify if what I wrote in #6462 is basically correct or not. Every detail might not be exact, but the basic information certainly is. Does anyone on this thread ever do an ounce of real due diligence? Pathetic. -Dilution

To: Kerm Yerman who wrote (6484)	6/1/1999 11:47:00 PM
From: Gulo	Read Replies (1) \| Respond to of 24907

All/ BRY I'm a bit of a fan of microcap companies. Bridgetown Energy Corp (BRY - ASE) has 5,180,712 outstanding at a recent price of 0.50. Cash flow (annualized from the last quarter) is about .12 and earnings are .08. BRY estimates its NAV at 0.91/share. Aside from actually being profitable, I am following this company because it has some interesting directors. bridgetownenergy.com Any comments?

To: Kerm Yerman who wrote (6484)	6/3/1999 9:20:00 PM
From: Tomas	Read Replies (1) \| Respond to of 24907

The prospect of significant oil and gas discoveries on Canada's west coast has increased Financial Times, Friday June 4 By Scott Morrison in Toronto British Columbia may lift ban The prospect of significant oil and gas discoveries on Canada's west coast has increased after the government of British Columbia hired a consultant to undertake a two-month study on offshore exploration in the region. The announcement was the first sign the provincial government was willing to seriously consider lifting a 27-year-old moratorium on offshore exploration in a region. The west coast is believed to contain resources equivalent to about 50 per cent of Canada's known reserves of conventional crude oil, and about 60 per cent of the country's marketable natural gas reserves. The Geological Survey of Canada estimates that basins in the Pacific Margin contain resources equivalent to 2.9bn barrels of recoverable crude and about 39,000bn cubic feet of recoverable natural gas. The decision to hire a consultant followed lobbying by coastal interest groups which have argued that oil and gas exploration - and eventually production - would provide depressed areas north of Vancouver with a vehicle for economic renewal. The region has been hit by downturns in the forestry and fisheries industries in recent years. A government official said the consultancy would attempt to assess whether there was sufficient public support to lift the moratorium. "There is increasing pressure from the communities. They don't understand why we won't even look at it," the official said. The moratorium was imposed in 1972, mainly because of concerns that offshore oil exploration and production would damage the region's pristine and fragile environment. Chevron Canada Resources, Shell Canada and Petro-Canada have leases to explore 18m acres to the north and south of the Queen Charlotte Islands, an environmental jewel that is home to the Haida Indians. Environmentalists have argued that exploration and production on the west coast could damage marine life, might lead to oil spills and contribute to global climate change. In the 1980s, the industry held negotiations with the provincial and federal governments in an attempt to restart exploration, but talks halted when the Exxon Valdez tanker ran aground in Alaska. Members of the oil industry and provincial officials held informal discussions over the past year, but the issue is so volatile that neither side wanted to be seen as instigators of a drive to end the moratorium. Should the consultants determine there is sufficient support from northern residents and native groups in the region, the government would launch a wider public consultation process on the issue. The government official said it was unlikely the province would be able to lift the ban for another year or two.