Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Richard Saunders who wrote (6977)	11/27/1999 5:56:00 PM
From: Ron Jones	Read Replies (1) of 24910

I haven't logged on for a while so I just finished reading your number crunching posts and found them very interesting. There are a couple of companies that you might want to add to your list. The first is Ionic Energy. With 3Q C.F. at $4,316,655 and ave boe/d at 2459 I get $19.08 c.f./bbl. By the way, their total debt/c.f. is less than 1:1 for 3Q C.F. The other company is Player Petroleum. As of July 31, which is their year end, ave. production for the year was 996 boe/d and C.F. was $5,792,000 for the year. This gives, according to my figures, an average of $15.93 c.f./bbl. Both of these companies are natural gas producers (IOI at 97% and PYP at 92%)

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