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Gold/Mining/Energy : Hegco Canada Inc.
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To: JL who wrote (2286)4/19/2001 6:54:55 PM
From: READE SMITH  Read Replies (1) of 2316
 
Todays News Release is very encouraging

Hegco Canada achieves record production in Q3

Hegco Canada Inc HEG
Shares issued 46,815,157 Apr 18 close $0.50
Thu 19 Apr 2001 News Release
Mr. Rodney Babb reports
Hegco Canada's March 31, 2001, third quarter daily production averaged
6,507 thousand cubic feet equivalent per day as compared with the second
quarter average of 4,076 thousand cubic feet equivalent per day, which
represents an increase of 59.6 per cent. Furthermore, this represents a
compounded sequential growth rate of 62 per cent for the first three
quarters of fiscal year 2001.
These production results have created record revenue and cash flow for the
quarter ended March 30, 2001. Management will be pleased to present its
third quarter financial reports in conjunction with a conference call in
the week of May 28, 2001.
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