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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (5247)	7/19/1998 6:22:00 PM
From: Mark Orgren	Read Replies (1) of 24905

HEGCO El Grande Overriding Royalty For Sale We are the geologists who sold the El Grande (i.e. Edgmon re-entry) prospect to HEGCO Canada, Inc. We own the rights to a 3% overriding royalty within a 29-section Area of Mutual Interest (AMI) around, and including, the Edgmon re-entry. While the potential value of this ORRI could be very large, we need to sell half of it to raise working capital. We believe that a fair price for a 1.5% ORRI in the 29-square mile AMI is $450,000 Canadian ($306,000 US). Contact Mark Orgren at (405) 396-2806 or Dave Clupper at (918) 584-1206 or send e-mail to ElGrande@orgren.org. (Please call only with serious inquiries about the ORRI. Thanks.)

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