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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: RIK who wrote (4110)11/12/1997 2:25:00 PM
From: Cascade Berry  Read Replies (1) of 24918
 
CAVELL announces the sale of the majority of Cavell's properties in the Saskatchewan Red
River Play for Seven Million Three Hundred Thousand dollars ($7,300,000.00). Currently
these properties are producing approximately 300 boed. The sale is effective October 1, 1997
and is expected to close prior to November 30, 1997. Write down of Thirteen Million, One
Hundred Thousand dollars ($13,100,000.00) in property, plant and equipment in the third
quarter of 1997.
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