The company in which you hold shares is a junior oil and gas producer with acreage in northeastern Alberta. It is still alive and is currently listed on The Toronto Stock Exchange where the price was quoted recently at $1.45.
Last year, the company’s shares traded in the price range of 80 cents – $1.41. Western D’Eldona has been around since 1944 when the company was first set up as D’Eldona Gold Mines. The name was eventually changed to Western D’Eldona Resources during a corporate reorganization in 1988.
According to a spokesman contacted by The Northern Miner at the firm’s Calgary office, an exploratory drilling program is planned this winter on some of the company’s oil and gas properties. For more information on that work, you can contact Bob Sinclair at Western D’Eldona’s Calgary office: Suite 4100, 350 7th Ave., S.W. Calgary, Alta. T2P 3W5. The company’s parent i s Paramount Resources, which holds a 39.23% interest in Western D’Eldona. Their phone number in Alberta is (403) 266-2047.
For more information on Paramount, as well as other junior oil and gas companies, you can check The Canadian Oil & Gas Handbook, published annually by Northern Miner Press and priced at $32.
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