Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	3/22/2002 8:50:16 AM
From: Frank Pembleton	of 36161

Rio Alto hammered on worse-than-expected writedown By Jeffrey Jones CALGARY, Alberta, March 21 (Reuters) - Rio Alto Exploration Ltd.'s (Toronto:RAX.TO - news) stock skidded nearly 17 percent on Thursday after the natural gas producer reported a worse-than-expected writedown of the value of its reserves, which led to a hefty quarterly loss. biz.yahoo.com

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