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Segment of length 5536
From redacted@cybernothing.org Sun Nov 21 01:47:50 2004
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[Pump and dump -- AVGC]
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From: "Luciano Engel" <redacted@hotmail.com>
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Subject: SuperStock Investor
Date: Sat, 20 Nov 2004 16:23:46 -0200
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----7423102520063809
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AVALON ENTERS INTO AN AGREEMENT FOR JOINT VENTURE IN =93GIANT=94
OVERPRESS=
URED GAS
PROSPECT IN U.S. ROCKIES
IMMEDIATE NEWS RELEASE: AVGC **** AVGC ***********=0A
November 12, 2004: Avalon Gold Corporation (OTC BB: AVGC) announces it
has=
entered
into an agreement with Golden Spirit Mining Ltd. (OTC BB: GSML) to sell
a =
40%
working interest in a giant gas field lease in the Uinta Basin, located
in=
the US
Rockies, Utah. Upon signing of the agreement, Golden Spirit will
issue 1=
,000,000
common shares 144-Registered as a non-refundable deposit to Avalon.
Golde=
n Spirit
has a right to acquire the 40% working interest in the gas lease upon
Aval=
on
receiving a payment of US$750,000 on or before December 10, 2004. In
ret=
urn,
Avalon will issue and deliver 2,000,000 shares of its common stock to
Gold=
en Spirit.
The lease area, located in the Uinta Basin, comprises 13,189 acres
with a=
potential
4 TCF recoverable gas and is overpressured by a 0.55 =96 0.85 gradient.
According to available data in the area, the prospect property has been
de=
lineated
using several hundred miles of seismic. The seismic data confirms the
thi=
ck Emery
pay section and shows several sediment wedges in the prospect area.
=93We=
feel the
data supports a basin wide deep gas accumulation covering the entire
field=
,=94 states
Robert Waters, President of Avalon Gold. This giant gas lease borders
oth=
er leases
owned by EOG Resources Inc. (NYSE: EOG) and EnCana Corp (TSE: ECA.TO;
NYSE=
: ECA).
Major energy companies today recognize that tight gas reservoirs, where
ge=
ological
formations make production complex, and coal-bed methane, where gas is
ext=
racted
from coal deposits, are two of the more important near term sources to
boo=
st North
American production of natural gas as demand outstrips supply and
drives u=
p prices.
The US Geological Survey estimated (in 1995) basin-center and
deep-basin g=
as
resources in the Rocky Mountain Laramide basins to be 250 TCF. The
Drunka=
rds Wash
Field, just south of the prospect area is estimated to have between 2-4
TC=
F of
recoverable gas. The Jonah Field Overpressured Gas Plain, which is
analog=
ous to our
prospect area, has similar overpressuring, depth, reservoir rocks and
is e=
stimated
to be 2.5+ TCF.
----7423102520063809--
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From redacted@cybernothing.org Sun Nov 21 01:47:50 2004
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[Pump and dump -- AVGC]
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Reply-To: "Luciano Engel" <redacted@hotmail.com>
To: [deleted]
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Subject: SuperStock Investor
Date: Sat, 20 Nov 2004 16:23:46 -0200
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----7423102520063809
Content-Type: text/plain;
Content-Transfer-Encoding: quoted-printable
AVALON ENTERS INTO AN AGREEMENT FOR JOINT VENTURE IN =93GIANT=94
OVERPRESSURED GAS
PROSPECT IN U.S. ROCKIES
IMMEDIATE NEWS RELEASE: AVGC **** AVGC ***********=0A
November 12, 2004: Avalon Gold Corporation (OTC BB: AVGC) announces it
hasentered
into an agreement with Golden Spirit Mining Ltd. (OTC BB: GSML) to sell
a 40%
working interest in a giant gas field lease in the Uinta Basin, located
inthe US
Rockies, Utah. Upon signing of the agreement, Golden Spirit will
issue 1,000,000
common shares 144-Registered as a non-refundable deposit to Avalon.
Golden Spirit
has a right to acquire the 40% working interest in the gas lease upon
Avalon
receiving a payment of US$750,000 on or before December 10, 2004. In
return,
Avalon will issue and deliver 2,000,000 shares of its common stock to
Golden Spirit.
The lease area, located in the Uinta Basin, comprises 13,189 acres
with apotential
4 TCF recoverable gas and is overpressured by a 0.55 =96 0.85 gradient.
According to available data in the area, the prospect property has been
delineated
using several hundred miles of seismic. The seismic data confirms the
thick Emery
pay section and shows several sediment wedges in the prospect area.
=93Wefeel the
data supports a basin wide deep gas accumulation covering the entire
field,=94 states
Robert Waters, President of Avalon Gold. This giant gas lease borders
other leases
owned by EOG Resources Inc. (NYSE: EOG) and EnCana Corp (TSE: ECA.TO;
NYSE: ECA).
Major energy companies today recognize that tight gas reservoirs, where
geological
formations make production complex, and coal-bed methane, where gas is
extracted
from coal deposits, are two of the more important near term sources to
boost North
American production of natural gas as demand outstrips supply and
drives up prices.
The US Geological Survey estimated (in 1995) basin-center and
deep-basin gas
resources in the Rocky Mountain Laramide basins to be 250 TCF. The
Drunkards Wash
Field, just south of the prospect area is estimated to have between 2-4
TCF of
recoverable gas. The Jonah Field Overpressured Gas Plain, which is
analogous to our
prospect area, has similar overpressuring, depth, reservoir rocks and
is estimated
to be 2.5+ TCF.
----7423102520063809--
--
All postings to news.admin.net-abuse.sightings are unconfirmed and
unverified unless stated otherwise by the moderators. All opinions
expressed above are considered the opinions of the original poster,
not the moderators or their respective employers.
For a copy of the guidelines to this group, see:
Index of Symbols Found
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