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Gold/Mining/Energy : Tusk Energy (TKE)

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To: grayhairs who wrote (1143)	9/27/1999 11:45:00 AM
From: kingfisher	Read Replies (1) of 1207

First Star Energy Ltd - First Star to construct and operate pipeline First Star Energy Ltd FST Shares issued 35,610,634 1999-09-23 close $0.27 Friday Sep 24 1999 Mr. Christian Brown reports An agreement has been reached with Gulf Midstream Services Partnership (GMS) to construct and operate a pipeline required for the tie-in of the Strachan 2-22-38-9 W5M well to the GMS operated Strachan gas plant. Under the agreement, First Star will be an equity owner with a 7-per-cent interest in the pipeline. GMS will have a 51-per-cent interest and be the operator of the pipeline. Other well partners and capital funding groups will own the remaining interests. Construction of the line has commenced and the 2-22 well is expected to begin production by mid-October. The expected gross production rate from the well is five million cubic feet a day of raw gas. First Star has a 21-per-cent BPO and 26-per-cent APO interest in the 2-22 well. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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