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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Goldberry who wrote (8562)11/29/2001 12:10:38 AM
From: Lorne Larson  Read Replies (1) of 24921
 
This might partially explain the price (from the press release):

"The acquired properties provide exceptional netbacks due to the high quality of
the production base (natural gas and high American Petroleum Institute standard
(API) gravity oil) combined with low operating costs ($4.85 per boe) and below
average royalty rates (approximately 15 per cent)".
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