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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14814)	1/14/1999 9:41:00 AM
From: Kerm Yerman	Read Replies (7) of 15196

IN THE NEWS / Farmer's Elk Insured By Oil Firm An elk farmer has persuaded an oil company to insure his 200 elk against possible dangers from a sour-gas well. Maxx Petroleum of Calgary has agreed to pay market value for any elk that die because of the well. The unique insurance deal gives farmer Brian Burrington peace of mind. "We were looking for a means to feel relaxed enough for them to build a low-level well," he said. Mr. Burrington said he and Maxx Petroleum negotiated for six months about the plan to drill the well 700 metres from his property line. He will be paid only if it's proven that the well caused an animal's death.

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