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Gold/Mining/Energy : BXL Energy Ltd. (TSE: BXL)

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To: deepenergyfella who started this subject	10/26/2000 11:03:07 PM
From: deepenergyfella	of 2

Most recent development, BXL Announces Tweedie Land Acquisition and Natural Gas Hedge 09:03 EDT Thursday, October 12, 2000 CALGARY, ALBERTA--BXL Energy Ltd. is pleased to announce that it has acquired a 100% working interest, subject to a 5% non-convertible gross overriding royalty, in 26 sections of Crown mineral rights in the Tweedie area. BXL now controls 139 (126 net) sections in the Tweedie area, approximately 90 sections of which are undeveloped. BXL also announces that it has entered into an agreement to sell approximately 1,400 thousand cubic feet (mcf) of natural gas per day at a fixed price of $7.44 per mcf for a period of five months commencing November 1, 2000. Other than this transaction, BXL has not hedged any other oil or natural gas production. BXL is listed for trading on The Toronto Stock Exchange and has 25.1 million shares outstanding. BXL is engaged in the acquisition, exploration, development and production of oil and natural gas reserves in Alberta

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