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Gold/Mining/Energy : HYDUKE Capitol Resources HYD
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To: Jim Bishop who wrote (105)11/17/1999 3:15:00 PM
From: CIMA  Read Replies (2) of 135
 
Seems to jive with what the company is saying:

Hyduke has over $1.7 million of retained earnings as at July 31, 1999 and has a positive working capital amounting to $1.2
million.

The outlook for the oil and gas service industry remains positive. Commodity prices continue to remain strong and cash flows of
oil and gas companies have increased significantly from this period last year. Given this trend Hyduke expects to see significant
drilling and service rig activity during the winter drilling season, which is expected to commence early to mid December.
Hyduke also expects to see a substantial increase in drilling activity and pricing in the year 2000 which will demonstrate a
significant increase over the year 1999.<b/>

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