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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 503.99+13.8%Feb 6 9:30 AM EST
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To: Bannick who wrote (280)8/14/1998 4:14:00 PM
From: Traveling Man  Read Replies (2) of 658
 
Mike,

I finally confirmed that Redstone Resources holds 200 K acres in the Powder River Basin Coal Bed Methane gas play. It's a long term good deal, but it won't make an immediate splash because the infrastructure there is not ready to gather gas from RR's wells. I like this as it adds to FN's already growing presence in NG.

TM
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