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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: SofaSpud who wrote (535)	10/17/1996 3:40:00 PM
From: Richard Saunders	of 24922

David/ I'm interested to know the cash flow fundamentals re: Probe. I have a company Investor package but cash flow focus is quite blurry (in my opinion). Production has been growing and, as you note, the forecasts are for a doubling. What forecasts re: cash flow was PRX selling? What are they assuming for gas/oil prices? The information the company provided in the IR package placed more of an emphasis on PRO FORMA numbers and I found trying to extract actual cash flow projections a bit of a challenge and turned my attention elsewhere. My initial impression was that PRX was trading at a very high multiple.............

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