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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: tommycanuck who wrote (23375)	6/4/2003 1:41:48 PM
From: Cogito Ergo Sum	Read Replies (1) of 206098

Yeah tommy, doesn't sound too encouraging here though. eub.gov.ab.ca Proposed Conservation Policy Affecting Gas Production The Gas Production in Oil Sands Areas policy proposes to shut in gas production from the Wabiskaw-McMurray in about 900 gas wells within the area of concern. Some of these wells are currently not producing. Gas production will be allowed to continue from other geologic zones. Those gas wells currently producing from the Wabiskaw-McMurray account for about 2.5 billion cubic metres, or 90 billion cubic feet (about 2 per cent) of Alberta's total annual natural gas production, or about 30 billion cubic metres, or one trillion cubic feet (about 2 per cent) of Alberta's remaining natural gas reserves. The energy content of the crude bitumen reserves at risk is about 600 times larger than the energy content of the proposed shut in Wabiskaw-McMurray gas production. I dunno but to me the tone says 'Just Walk on By...' Took my lumps this morning... Diversification Diversification Diversification ... A good DD lesson I imagine for any Canadian O&G play. In bitumen country apply a hefty discount and take profits often. Tough to see profits go down the tubes and take a little capital with them but a valuable DD lesson for me. regards Kastel (Nice to se you lurking still :o)

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