Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: RIK who wrote (4473)	1/13/1998 3:11:00 PM
From: HAZ	Read Replies (1) of 24928

RIK / SYO They did not mention or at least I can't recall. They are on tight hole status until after the next round of land sales in the area. They will announce production & reserve numbers with the 4th quarter and 97 annual report, not sure if they will announce an operational update before the 4th quarter & annual report. The stock has been holding in the 1.10 to 1.20 trading range and it hasn't suffered like some of the high flyers from 1997. In my opinion 1998 development drilling at Dawson will increase production from 2000 bbls/d in Q1 to 3000 bbls/d for 1998 exit. They have a very strong balance sheet with no debt and 6 - 8 borrowing capacity so they can take advantage of good risk farmin deals to increase their natgas production for 1999. If I'm talking to them again I will clarify this point. Cheers and good investing

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