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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)
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To: Ed Ajootian who wrote (332)6/6/2001 3:27:13 PM
From: Ron Struthers   of 355
 
Hello Ed, was not a lot to go on for flow rates, not sure if the 100 wells relates directly to that production number.

I know the maximum allowed is 300 b/d, of four wells so far 2 are over 150, 2 are under, so I figured if half went each side of 150 b/d, perhaps 100 b/d would be more conservative, but I did knock another 15% off the gross number. Also MPI does not intend to do all the financing announced, so FD shares is probably high. We could
end up with over 100 wells, anyway is a ball park figure for now, will see how much financing closes and how the next wells come out, after 20 wells should have a good idea.

Like you say, a new story and these things are moving these days

Ron
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