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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA

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To: JP who wrote (1746)	4/29/1999 3:19:00 PM
From: Chuca Marsh	Read Replies (1) of 2514

J.P.- Muskeg was in the News Today with Shell ( remember the Shell - Syncrude Deal with Birch Mountain who is around there and wants to gear up for 150,000 BPDy Oil Sands Mine by 2002) on lease 313 with is 70 KMs North of Fort McMurray. So here is TODAYS news - only ONE small mention of Muskeg ( go fish): Shell Canada Ltd - Globe says Shell Canada looks ahead to joint projects Shell Canada Ltd SHC Shares issued 289,178,840 1999-04-28 close $28 Thursday Apr 29 1999 The Globe and Mail reports in its Thursday edition that Shell Canada Ltd. expects its natural gas output will increase 25 per cent next year when the Sable Island joint venture gets into full production. Shell, which owns 31.3 per cent of the Sable Island project off Nova Scotia, forecasts that its share of gas production will amount to 165 million cubic feet a day. Timothy Faithfull, previously based in Singapore for parent Royal Dutch/Shell Group, replaced Charles Willson yesterday as head of Calgary-based Shell. Mr. Faithfull said he is optimistic that the Sable Island project as well as the Muskeg River project will strengthen the company. Shell also released its first-quarter results yesterday, reporting a 30-per-cent decline in profit because of depressed margins at its refineries and lower gains from asset sale. The integrated oil company posted an $80-million profit on revenue of $1.03-billion for the three months ended March 31 this year, compared with profit of $115-million on revenue of $1.13-billion, a year earlier. Share profit slipped to 28 cents from 40 cents. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) Chucangler

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