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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Richard Saunders who wrote (4739)	3/1/1998 12:20:00 PM
From: RIK	Read Replies (1) of 24921

Richard / MGY Sprott in an updated report dated Feb 18/98 have projected 98 & 99 cashflows of .59 and .86 respectively. They have indicated that MGY will be involved in 2 or 3 high impact gas plays [100-200 bcf] in the first half of this year. Target price remains at $4.25. First Marathon in a Jan 98 report have a one year target of $4.40 [increased from $3.50 ]

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