Hegco Canada Inc. Message Board

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Gold/Mining/Energy : Hegco Canada Inc.

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To: JL who wrote (2129)	3/2/2000 4:20:00 PM
From: Mark Orgren	Read Replies (1) of 2316

Actually, JL, the Orgrens office out of their basement, but the Rush-Andrus residence appears to be on a concrete slab. JL, the point that Okey is making is a valid one. To help out, here are a few definitions. In the term "Hegco WI" the WI stands for Working Interest. It refers to the cost interest for drilling etc. The term "Net" refers to the revenue interest -- the percentage of the production that belongs to Hegco. The point that Okey is making is that, in the case of the Proved Producing oil reserves, Hegco's revenue interest is 45% of their cost interest. In other words, if they pay 100% of the well cost, they receive 45% of the revenue. I'll leave it to you to speculate as to what this means. April

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