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Article #239

Re: Atlantic Oil Field Discovery Pending

#239
From: Piotr Zahinski
Date: Wed, 08 Apr 1998 00:00
46 lines
2548 bytes
The word I got is that Novoco accepted a $40k retainer to not release the
leaked information. 


Lynn Greenspan <nospam@nospam.net> wrote in article
<01bd60eb$e942eba0$LocalHost@default>...
> N> I have confirmed with the Newfoundland Government that a major 
> N> US oil company has stated interest in a block covering a prospect 
> N> larger than the Hibernia oil field (with 1.5 Billion barrel 
> N> recoverable)! The Government has already issued a call for bids.
> 
> What good is your information "leak"? This is not hot tip since an
investor
> would have to commit $5 million to beat out the "major US oil company" to
> get their prospect. NOBODY has that kind of money. In the future please
> keep such inside information to yourself, since it is of NO use to any
> stock investors. 
> 
> Novoco <incaoil@avint.net> wrote in article
> <01bd5ebe$e3790bc0$LocalHost@default>...
> > Due to Novoco offices being inundated with private emails requesting
> > clarification on the previous post of the 1.5 Billion barrels of oil
> > recoverable structure near Hibernia, we are issuing this news
> > clarification.
> > 
> > 1) This news is of no benefit to small stock investors because:
> > i) It will probably be over 7 years from now before the well will be
> > (snip)
> > 3) The information presented is of principle interest to oil explorers
> who
> > may want to easily outbid a seismic package with the inevitable
> exploration
> > well in the first phase of exploration. The time difference is just a
> > couple of years, and the cost of the well is less than the cash paid to
> > merely purchase the right to explore some Gulf of Mexico blocks.
> > (snip)
> > Review the prospect and other related pages at
> > http://www.avalon.nf.ca/~incaoil/nfecpros.htm 
> > 
> I looked at the geological maps and they lack the coordinates of the
> seismic structures. What good are such maps to me? You need to tell us
> where the giant oil structures are for us to invest in them. You are just
> wasting our time.
> 
> 
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From: "Piotr Zahinski" <nospam@nowhere.net>
Subject: Re: Atlantic Oil Field Discovery Pending
Date: 1998/04/08
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