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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Syncrude who wrote (2116)	1/23/1997 3:26:00 PM
From: Richard Saunders	of 24922

PAtrick - thanks for info. re: Tusk, I wasn't aware of website. Info. you posted is accurate according to earlier conversation today with co. Indicated target for '97 will be 1100 boepd......... supposedly a TSE listing has been applied for and expectations are for an approval............... 6 weeks? A $6.0mil capital budget is indicated with approx. $1.3mil designated for land. The "new" VP Exploration guy comes from 23 years experience and was previously involved with Co-gas & Cdn. Pioneer. (Cdn. Pioneer sunk because they paid too much for Co-gas, not a relection upon exploration guy.)

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