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Gold/Mining/Energy : Maxx Petroleum-MXP,TSE
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To: Crocodile who wrote (80)4/27/1998 9:41:00 PM
From: Scott Mc  Read Replies (1) of 106
 
Bev, feel Maxx is hitting a lot of singles, was thinking of waiting to consolidation to add to my position, however I think its so cheap so I doubled my position today and I may go for a home run(50/50 I may increase, as it is already my largest oil position).
Pipeline construction at Cow Lake
>
>
>
> Maxx Petroleum Ltd
> MXP
> Shares issued 53,821,630 Apr 24 close
> $1.65
> Mon 27 Apr 98 News
> Release
> Mr Burl Aycock reports
> Construction of a pipeline to tie-in a Cow Lake gas well has begun
> and
> production should start in the second week of May.
> The well was drilled in December 1997 and encountered a new gas pool.
> The
> well is expected to produce a rate of up to 15 mmcf/d and 600
> barrels per
> day of natural gas liquids. Maxx has a 50% interest in the well.
> Maxx and its partners have 6,400 acres of petroleum and natural gas
> leases
> on the play and it is expected that additional wells will be
> drilled in
> 1998.
> (c) Copyright 1998 Canjex Publishing Ltd.
> canada-stockwatch.com
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