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Gold/Mining/Energy : Natural Gas Plays
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To: Cyrus who wrote (21)5/1/1998 11:36:00 AM
From: Broken_Clock   of 33
 
TTGnews from yesterday...http://biz.yahoo.com/bw/980430/transtexas_1.html

The company's year end proved reserves were in excess of 440 billion cubic feet equivalent, equivalent to replacing 180
percent of fiscal 1998 production. Brackenridge said ''With the Lobo sale concluded at a price of $1.75 per Mcfe, we
appear to be on our way to replacing those 550 Bcfe of proved reserves at a much lower finding cost from just one play
in the Eagle Bay field.''
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