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Gold/Mining/Energy : DRA - DRAIG ENERGY LTD

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To: kingfisher who wrote (6)5/19/2000 10:17:00 AM
From: David Michaud   of 15
 
DRA has a 4 mmcf/d hedge on natural gas at $2.85 until October 2000 and a 200 bopd hedge at between US$16 and US$20 per barrel until July 2000. The company is presently producing about 1,400 boepd.
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