TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (12755)	10/28/1999 1:30:00 PM
From: Jim Bishop	Read Replies (1) of 150070

GEX.T one of my favorites Genesis Exploration Ltd. Third Quarter Report and News Release Nine Month Production Increases 141% Cash Flow Increases 317% CALGARY, Oct. 27 /CNW/ - With production averaging 13,044 barrels of oil equivalent per day in the third quarter, Genesis is pleased to report production in the first nine months of 1999 increased 141% over the comparable period in 1998 to average 11,624 barrels of oil equivalent per day. - Natural gas production increased 111% to average 69 million cubic feet per day. - Oil & liquids production increased 204% to average 4,759 barrels per day. - Gross revenue increased 220% to $74 million. - Cash flow increased 317% to $38 million. - Net income before non-recurring items increased 1,034% to $10 million. - Net undeveloped land inventory increased by 90,000 acres to 355,000 acres. - Drilled 41 new wells of which 26 were exploratory, resulting in 19 natural gas and 8 oil wells for a 66% success rate.

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