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Article #241

Re: Atlantic Oil Field Discovery Pending

#241
From: Novoco
Date: Thu, 16 Apr 1998 00:00
61 lines
3767 bytes
The block in question has become the favourite prospect of every oil
company exploring Newfoundland's Atlantic basins. There is still time for a
private concern to review and outbid these companies. We have good US and
Alberta contact's with each company and know their intent. Novoco is
familiar with the prospectiveness of this and adjoining prospects and is
seeking to participate in the discovery.
http://www.avalon.nf.ca/~incaoil/nfecpros.htm

The currently most eager group will split the prospect into small shares.
Until the deadline to bids arrives and the winner announced it is futile
too speculative to play the stock market on this pending 1.5 Billion barrel
discovery. Even after the winner is announced speculating on the stock of
the company to relatively benefit the most will be premature before the
start of drilling season of the year the prospect is drilled. Again to
curtail being inundated with emails Novoco will announce the winners of the
block as soon as it is decided.

Piotr Zahinski <nospam@nowhere.net> wrote in article
<01bd62a9$42166180$LocalHost@default>...
> The word I got is that Novoco accepted a $40k retainer to not release the
> leaked information. 
> 
> 
> Lynn Greenspan <nospam@nospam.net> wrote in article
> <01bd60ea$a26feda0$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: "Novoco" <incaoil@avint.net>
Subject: Re: Atlantic Oil Field Discovery Pending
Date: 1998/04/16
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