Glenn MacNeill, P.Eng. Deer Creek Energy Ltd. DCE-T DON'T BUY Jun 07, 2005

A project in the oil sands near Fort McMurray. It is a SAG (steam assisted gravity) deep project which is more difficult than the open mining. Have good sponsors. Would consider at a lower price.

Glenn MacNeill, P.Eng.

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$14.350

Stock price when the opinion was issued

oil gas

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HOLD

Has room to move. Probably the only smaller company working in the oil sands that has no partnership set up. Would hold and wait for events.

BUY

If you are a believer in oil/gas and strong commodity prices, this is one way to play the oil sands. Higher risks as they are just in the process of developing.

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Glenn MacNeill, P.Eng. Deer Creek Energy Ltd. DCE-T DON'T BUY Jun 07, 2005

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Deer Creek Energy Ltd.(DCE-T)

Deer Creek Energy Ltd.(DCE-T)

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