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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)

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To: Leigh McBain who wrote (473)	5/10/2000 5:46:00 AM
From: Len Hynes	Read Replies (1) of 601

Hi Leigh; What's your take Gentry's financials just released?Here is the gist of what I have been able to glean from the NR: Several points that struck me included: Record cash flow...up 267% from 1998 Cash flow per share up ~200% from previous year Reserve life index now 13.6 years(30% growth) Now pumping in excess of 1078 boe/d Outlook Production at Thornberry will be further increased this year with additional plant compression; evaluation of an exciting Devonian prospect discovered by recent seismics. Further production increases through additional drilling at Baldwinton this year. Further gas drilling on the Barra lands in the second and third quarter. Further growth in NAV through exploration planned by Sloane in Southern Alberta. Further growth in NAV through Gentry's 40% interest in Stratic....which is now preparing for an exciting exploration program in Egypt, Gabon and Cote d" Ivoire. Continued pursuit of low to medium risk opportunities in Western Canada. *Targetting production growth in excess of 25% for 2000. Looks to me that Gentry shareholders are in for an exciting and rewarding 2000. Regards, Len

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