Scimitar Hydrocarbons, SIY:ASE | Stock Discussion Forums

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Gold/Mining/Energy
Scimitar Hydrocarbons, SIY:ASE

An SI Board Since October 1996

Posts	SubjectMarks	Bans	Symbol
864	6	0	SIY

Emcee: Walter N. Schreiner	Type: Unmoderated

Introduction Market Data Compact

I'm starting this thread on Scimitar Hydrocarbons Corp to follow the companies progress.

SIY is a relatively new oil and gas exploration company which sounds like it has some great potential. They own about 3 million acres in Mozambique (sp) right between two large existing oil and gas fields. They are about 1/2 way through a seismic program on it. I've also heard they are negotiating the acquisition of some proven reserves in the middle east, which if completed, could turn these guys into a major overnight.

The managers have found large oil and gas fields in previous companies, making lots of money for their shareholders. They've got about $4 million in the bank, $2 million more on the way from placements and a credit line of $50 million from some European bank. There are about 16 million shares out. IPO was about 0.50 Cdn last Feb and price has since risen to around 1.30.

Let us know if you hear anything about this company, I'm awaiting the prospectus now. Phone is 800-933-8855. My info is from a Bill Cosbeck (sp)

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
864	Do you understand why SIY continues to drift down while production keeps going u	Walter N. Schreiner	-	6/3/2001
863	I am not sure if it will close or not,I would bet yes but that is only a guess.W	j.oil	-	2/20/2001
862	Deal not closing - any thoughts? Scimitar Hydrocarbons Corporation - News Relea	Alex Harrington	-	2/19/2001
861	It looks like very good news. Go to this RB link to see some discusion. ragingbu	j.oil	-	10/18/2000
860	Here's some interesting news: Scimitar Hydrocarbons Corporation - News Rele	Alex Harrington	-	10/18/2000
859	Hi Grizz I believe the situation is being looked at very carefully.Those people	j.oil	-	9/14/2000
858	Company knows about bashers. They have been there a looonnnngggg time and appar	eric deaver	-	9/14/2000
857	What's up with all the bashing on RB? Has anyone mentioned this activity to	Grislee bear	-	9/14/2000
856	Agree with you SharewatcherFromIreland, I like this board but there aren't v	Blaumax	-	9/8/2000
855	The problem with SI is the entry fee. That is why more people use RB. Has alwa	eric deaver	-	9/8/2000
854	This board over here looks pretty good too, if only people would us it!!	SharewatcherFromIreland	-	9/8/2000
853	New SIY board on RB that looks pretty good. ragingbull.altavista.com	Blaumax	-	9/7/2000
852	This one still intrigues me (earlier post). Found another interesting item in t	Blaumax	-	8/31/2000
851	Thanks William, I was told also that July was a fantastic month. And how about	Blaumax	-	8/31/2000
850	In addition to e-mailing Scimitar I also spoke to the Comptroller about two conc	William Nicholson	-	8/28/2000
849	Looks like the thermal will start next week,It will only take a couple of weeks	j.oil	-	8/28/2000
848	Here's the PR. I think it's great! They wanted to be averaging 2000BOPD	Blaumax	-	8/28/2000
847	What do you all think of the quarterly results? Eric	eric deaver	-	8/28/2000
846	I agree we will see flow rates very quickly but it will take some time to determ	j.oil	-	8/16/2000
845	Thanks J. We'll be frac'in that Dolomite before long! Think I'll ca	Blaumax	-	8/15/2000
844	I am told all the equipment is in Egypt and the personal is starting to arrive.	j.oil	-	8/15/2000
843	Talked to IR. Production is around the 1900 BOPD mark. They're still having	Blaumax	-	8/15/2000
842	Thanks Max Looks great. J	j.oil	-	8/14/2000
841	Here's some current information. Consolidated Statements of Operations and	Blaumax	-	8/13/2000
840	Thanks max J	j.oil	-	8/9/2000

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