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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Richard Saunders who wrote (76)	10/19/1996 1:12:00 AM
From: Richard Saunders	of 24925

RAIDER RESOURCES (RDR-alberta) Update - 8:1 share consolidation about to happen. $8.1 mil. acquisition closed - the news release is at cdn-news.com Second qtr. financials are at cdn-news.com First qtr. financials are at cdn-news.com Supposedly production will be 1000 boepd by year-end. I still hold a postion - it'll be interesting to see what impact the consolidation makes. Often share price slippage results however the price/cash flow fundamentals may support this story........ time'll tell.

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