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

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To: The Fix who wrote (72)6/22/2000 9:19:00 AM
From: kingfisher  Read Replies (1) of 92
 
Interesting that you mention Crestar.
I am speculating that Archean Energy,Anderson or Canadian Forest may be interested in Magin to consolidate their assets at Copton.
Archean expect to exit 2000 with about 40 million (mmcf a day)from Copton prospect.They anticipate drawing 150 to 200 million a day net to Archean within 3 to 4 years from this prospect.
According to Mr.Parks President of Archean "We do not have one dry hole in here,it's bringing in absolutely phenomenal results."
Pretty impressive statement coming from a private company.

Have a good one,
Richard
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