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 (36)	4/20/2000 10:18:00 AM
From: kingfisher	of 92

Regarding that large bid yesterday,it may have been flashed by Magin as part of their intended normal course issuer bid. Perhaps a display of confidence that their shares are grossly undervalued. The Copton assets do have the potential to significantly increase Magin's net asset value over the next several years.This potential is not currently being reflected in share price. From annual report commenting on Copton,"One of the most exciting opportunities held by a junior producer in the Canadian oil patch." "Beyond 2000,we look forward to full-scale development of the Copton prospect with five to 10 locations being drilled each year for several years". Magin will be presenting at the 19th annual COPIC Producers Spring conference Tuesday April 25 th in Toronto at 9.30 am. Conference is being held at the Metro Toronto Convention Centre. Richard

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