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Gold/Mining/Energy : Raptor Capital Corporation

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To: who wrote (315)	6/16/1999 12:39:00 PM
From: Pete	Read Replies (1) of 355

Attention Business Editors: Raptor Capital Corporation Announces Alberta Natural Gas Acquisition CALGARY, June 16 /CNW/ - Mr. Norman J. Mackenzie, Chairman of Raptor Capital Corporation announces the acquisition of interests in an additional seven (7) shut-in natural gas wells in Alberta, Canada through a program to acquire up to sixty (60) shut in natural gas wells. The seven natural gas wells have been drilled, completed and require capital for tie-in to production facilities. Raptor has acquired a 50% (37.5% net) interest in four wells to be placed on stream immediately at an estimated production rate of over 2.0 mmcf/day. Partial interests in three other wells were also acquired by Raptor which need additional work to acquire the 100% interest. These three wells represent potential production of an additional 2.5 mmcf/d. -30- For further information: Jim Kootnekoff, 1-888-344-7999 or visit Raptor's website at www.raptap.com. RAPTOR CAPITAL CORPORATION has 26 releases in this database.

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