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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (6575)	6/14/1999 7:24:00 PM
From: WWS	Read Replies (1) of 24922

Gwyn Morgan, CEO of AEC.T is quoted in this morning's WSJ-online as predicting AEC's production this year as vs. last year will be up 20% for ngas (to 900 mmcfd) and 75% for crude (including the oil output of recently acquired Pacalta), on a 10% increase in capital spending. Apparently he made these remarks at an oil investment symposium over the weekend in Calgary. He also claimed, in response to a question from the audience, that it was "unlikely" that AEC would be in market to acquire heavy crude production in Alberta being disposed of by BP-Amoco. Note: a separate article about BP-Amoco noted that their daily production of ngas was 1000 mmcfd, just 100 mmcfd ahead of what AEC hopes to achieve, but still good enough for laurel of #1 Canadian producer of ngas. Wondering why/how WSJ would be able to "scoop" Canadian newspapers and wires to get this story first (and apparently exclusively)? interactive.wsj.com

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