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Gold/Mining/Energy : BEAU Canada (T/M BAU)
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To: Gilbert Drapeau who wrote (35)5/7/1999 9:26:00 AM
From: Gilbert Drapeau  Read Replies (1) of 57
 
Beau Canada Reports Operating Results for the First Quarter of 1999

MAY 7, 1999
CALGARY, ALBERTA--Beau Canada Reports Operating Results for the
First Quarter of 1999 SUMMARY
- Gas production increased 59 percent from the first quarter of 1998.
- Cash flow increased 22 percent from last year's levels to $10.5
million ($0.12/share) due to gas production volume increases and
improved gas prices.
- Gas prices improved 29 percent from the first quarter of 1998 as
Canadian prices benefited from additional pipeline capacity.
- Net drilling doubled from the same quarter last year as Beau
Canada completed its busiest winter program.
- Net income and revenue decreased from the first quarter of 1998
due to absence of the one-time $9.3 million gain from the Fort
Chicago/Alliance disposition the previous year.
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