DRA - DRAIG ENERGY LTD Message Board

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Gold/Mining/Energy : DRA - DRAIG ENERGY LTD

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To: David Michaud who wrote (8)	5/22/2000 9:52:00 PM
From: kingfisher	Read Replies (1) of 15

GAU were forecasting $7,000,000 in cash flow for 2000 equal to 49 cents per basic share.This was based on gas at an average price of $2.85 and W.T.I at $21. This forecast will need to be adjusted significantly due to current prices of $4.47 for gas and $30 for oil. Apparently 1st quarter results and a drilling update will be released this week. They are involved in some high impact properties in partnership with Quintana Minerals,a private U.S.oil& gas company.These wells will be drilled this winter. Best Regards, Richard

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