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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: kingfisher who wrote (7027)1/5/2000 9:22:00 AM
From: GVTucker  Read Replies (1) of 24920
 
RE: Renata

The big move is probably due to outstanding results from 3 wells, at Peppers, Smoky, and Plante.

Guesses are that the Peppers well should produce around 25mmcf/day (RTA interest 37.5%). Smoky and Plante (both around 50%) are Cardium wells that shoulde produce well in excess of the typical Cardium well (normal Cardium wells around 1-2 mmcf/day). Given RTA's big land position in the Cardium play, there's a lot of big numbers that are starting to be tossed around given the apparent success of Smoky and Plante locations.
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