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Gold/Mining/Energy : EET Etruscan Enterprises T

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From: Cal Gary	3/15/2005 10:07:11 AM
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New Finkolo Partner?? Esprit Energy Trust buys Resolute assets Esprit Energy Trust (TSX:EEE) Shares Issued 8,896,604 Last Close 10/4/2004 $4.03 Tuesday March 15 2005 - In the News Also Resolute Energy Inc (TSX:RSE) In the News The Globe and Mail reports in its Tuesday, March 15, edition that Esprit Energy Trust is buying the bulk of Resolute Energy's assets. The Globe's Dave Ebner writes in the Business Ticker column that the two companies are also creating a new junior oil and gas explorer with some remaining Resolute assets. Esprit, which recently converted from a junior energy company to an energy trust, said the Resolute acquisition will increase natural gas to 55 per cent of total production, up from 29 per cent at present. The deal would increase Esprit's market capitalization to $875-million from $550-million, the company said. The deal is expected to close in late April. Esprit Class B stock retreated eight cents to conclude Monday's trading session on the Toronto Stock Exchange at $13.14. Resolute stock fell back 13 cents to finish in Toronto Monday at $6.32. Esprit Class B shares have a 52-week trading range of $13.65 to $11.75. Resolute stock has a 52-week trading range of $6.75 to $3.50. © 2005 Canjex Publishing Ltd.

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