By: clownsj01 13 Jun 2006, 12:28 PM EDT Msg. 35868 of 35868 Jump to msg. #
8 more drilling rigs
possibly purchase additional acreage.
listing expected shortly after merger.
questions:
when expect drill results? respond by end of june. reiterate, completed 24 holes, 19 paid 29 meters, saturation 15% (good measures). not inclined to speak more.
Cash on hand and warrents? where will the cash take the co? 16 million dollars on hand, take us into next system. called the current drop a 'hiccup'. plans on going double existing exploration budget.
plan and timeframe to find jv partner? in discussion with jv partners, keep results of reserves confidential.
evaluation of holes? volume is a function of saturation and can vary from area to area. Prepare data to markets that is consistant for results from drilling. Use independent consultants. Data out end of June. Numbers range widely. Still held confidential.
Keeping the public informed? Scheduled to speak on June 22. Can not make news prediction. One by end of June.
Dealing with joint venture? Exploration of Eagle Nest area and Tuskquia (sp) hills area.
Near Borealis? Further south or east? approx 12 miles from canwest. Unclear of resources and will take more drilling this winter.
News 
Market Data 
Discover 
