Magin Energy-MGY on TSE Message Board

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Gold/Mining/Energy : Magin Energy-MGY on TSE

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To: TheBare who wrote (32)	4/12/2000 3:02:00 PM
From: kingfisher	Read Replies (1) of 92

The 15-17 well at Copton has been cased for production and will be production tested after spring breakup.This well looks good from a geological perspective. The 10-10 well is drilling ahead at 2800 meters.Testing of both wells will commence in May and should be completed by June.Final plans for construction of pipeline will proceed upon successfully completing both wells. A route has been selected and some surveying complete. Stock is still trading at 2 times projected cash flow. Richard

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