NU SKY ENERGY INC. NUS.V Message Board

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Gold/Mining/Energy : NU SKY ENERGY INC. NUS.V

NUS 9.610

-0.9%

Dec 31 3:59 PM EST

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To: baystock who wrote (43)	8/7/1997 7:26:00 PM
From: Ed Pakstas	of 49

!!!!!!!!NEWS RELEASE!!!!!!!!!! Production base increased Nu-Sky Energy Inc NUS Shares issued 7,410,032 Aug 6 close $0.16 Thu 7 Aug 97 News Release Mr Les Hofmeister reports The company has increased its production base to 150 boe/d in July. The increase in production is primarily due to increased operating efficiency at one of the company's producing oil wells in the Pembina area. Nu-Sky has a 50% working interest and the well is currently producing 130 boe from the Nisku formation (65 boe net to Nu-Sky). The added production will increase Nu-Sky's cash flow to approximately $550,000 per year ($0.54 per share). Further increases in production are anticipated in the near future. The additional reserve base allocated to the Nisku oil well is expected to facilitate an increase to Nu-Sky's operating line of credit. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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