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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: John Trudeau who wrote (7791)	11/15/2000 12:32:48 AM
From: Richard Saunders	Read Replies (2) of 24905

$7+ gas..... IOI Ionic had a news release, they are picking up some gas assets jointly with RLP Richland. This was extracted from the news release for IOI: "The majority of the gas production from the property is uncontracted. In conjunction with the transaction, Ionic has locked an equivalent of this uncontracted gas production at $7.05 per mcf until November 2001. Current net production from the property is approximately 700 boe per day (94% natural gas), which Ionic believes can be quickly enhanced to 850 boe per day with facility modifications and the reactivation of a number of suspended wells."... John, your 40% NG gas bill jump hasn't yet finished it's poggo-action........

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