I guess its this and now 21 cent bid on heavy bids underneath
Osprey's Bayout Choctaw production reaches 120 boe/d
Osprey Energy Ltd (2) OEL
Shares issued 14,007,727 Jan 20 close $0.16
Wed 21 Jan 2004 News Release
Mr. Bernard Robichaux reports
Osprey Energy, as a result of workovers on the Bayou Choctaw field, should
have four wells with a total production of at least 120 barrels per day
equivalent by the end of the week. The company intends to bring an
additional five or six Bayou Choctaw field wells into production over the
next several months.
On Dec. 30, the company's annual general meeting approved the repricing of
all outstanding options under the stock option plan from 40 cents to 25
cents. That plan, which was approved by the annual general meeting in
December, 2002, authorized the company to grant up to 2.5 million options.
The meeting also re-elected Bernard P. Robichaux, Gerald Sine, Mark Dempsey
and John Longman to the board of directors. John MacDonald was also elected
to the board and designated chairman.
Today, the company has granted 280,000 common share purchase options
exercisable at 15 cents until Jan. 20, 2005, for financial consulting
services.
The company's Canadian office has moved to 129 Aberdeen Rd. -- Unit 106,
Bridgewater, N.S., B4V 2S7.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com
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