DALECO RESOURCES ( DLOV ) Message Board

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Gold/Mining/Energy : DALECO RESOURCES ( DLOV )

DLOV 0.000200

0.0%

Aug 13 5:00 PM EST

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To: BAXTERBOO who wrote (61)	12/18/1997 10:16:00 PM
From: BAXTERBOO	of 197

Never mind this is the same article. Daleco (NASDAQ:DLOV) to buy oil and gas properties Reuters, Thursday, December 18, 1997 at 02:18 (Published on Wednesday, December 17, 1997 at 20:35) He added that the company had additional property purchase offers outstanding which have the potential to significantly increase the reserves to be acquired. Gary Novinskie, Daleco's president, said the property purchases are expected to close early in January and include working interests ranging from 1.5 percent to 100 percent in over 190 wells. Novinskie added that in addition to the producing wells, about 30 developmental sites and a similar number of workover candidates were identified on the properties. Based on the company's preliminary analysis, the reserve potential assigned to the additional development identified to date approximates 7.5 billion cubic feet of gas equivalents net to the company. Daleco Resources is an international natural resource company with holdings in oil and gas, timber and precious minerals. Copyright 1997, Reuters News Service Companies or Securities discussed in this article: Symbol Name NASDAQ:DLOV Daleco Resources Corp

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