VELVET EXPLORATION -- A GIFT FOR MAD MONK Message Board

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Gold/Mining/Energy : VELVET EXPLORATION -- A GIFT FOR MAD MONK

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To: Casey who wrote (499)	8/23/1999 5:35:00 PM
From: goldsnow	Read Replies (1) of 579

Natural Gas Talisman's offer is the second large takeover agreement involving a Canadian petroleum company in the past week. Last Monday Burlington Resources Inc. of Houston agreed to acquire Calgary's Poco Petroleums Ltd. for US$2.5 billion, to expand into Canada's most prolific natural-gas producing areas. Canadian natural gas is in demand as expanded pipelines to the U.S. market along with planned projects make it easier to reach consumers. Demand for gas is also rising as U.S. production falls. Prices, at a recent US$3.08 per million British thermal units in New York, are the highest since late 1997. ''This acquisition is all about Canadian gas and North Sea oil,'' said Jim Buckee, Talisman's chief executive. quote.bloomberg.com

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