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Gold/Mining/Energy : FOX ENERGY FEC on ALBERTA -- Ignore unavailable to you. Want to Upgrade?


To: Harley who wrote (1)11/22/1999 3:24:00 PM
From: john  Read Replies (1) | Respond to of 26
 
Harley, I am going to stick over here LOL......

Have you heard the rumor that a merger may be happening in the next 30 to 60 days or so?????????

:):):)

all the company will say is they can not disclose anything, they certainly left me with the impression that talks are underway,

jonboy, still digging.



To: Harley who wrote (1)1/11/2000 1:19:00 AM
From: CIMA  Respond to of 26
 
Any chance of you changing the content in the header on your thread to the one on this thread? There's no contact info for the company and the info is very outdated.



To: Harley who wrote (1)1/12/2000 12:03:00 PM
From: CIMA  Read Replies (1) | Respond to of 26
 
In Oilweek's Well completions for week ended Jan. 03:

WELLNAME SD SEC TWP RGE MER TOT DEPTH CLASS
Fox et al HGU2 Medhat 12 35 18 2 W.4 529 DEV
Fox et al HGU2 Medhat 8 2 19 2 W.4 529 DEV
Fox et al HGU2 Medhat 8 3 19 2 W.4 528 DEV
Fox et al HGU2 Medhat 8 11 19 2 W.4 529 DEV
Fox et al HGU2 Medhat 8 13 19 2 W.4 529 DEV
Fox et al HGU2 Medhat 12 17 19 2 W.4 526 DEV




To: Harley who wrote (1)1/21/2000 4:31:00 PM
From: CIMA  Respond to of 26
 
The Numbers

Virtually all of the numbers are to improve, some dramatically, after factoring in the Petrohawk acquisition and optimization of wells.

Net revenue per BOE - Q3: $26.58 and will improve in Q4.

Cashflow per BOE - Q3: $11.15 and will improve in Q4. Netback per BOE in Q3 is $15.95.

Royalties - Q3: $2.05 and will increase slightly in Q4.

Deprec.,Depletion - YTD: $7.96 and will remain steady in Q4.

General and Admin - Q3: $2.06 and will remain steady in Q4.

Interest expense - YTD: $2.71 and will improve in Q4. Debt was reduced from $3.75M to $1.9M on Sept. 30, 1999.

Operating Expense - YTD: $6.51 and will increase slightly in Q4 because of field operations.




To: Harley who wrote (1)2/3/2000 6:14:00 PM
From: CIMA  Respond to of 26
 
February 3, 2000 PRESS RELEASE Trading Symbol on CDNX -- FEC

FOX ENTERS INTO AGREEMENT TO PURCHASE
PRODUCING PROPERTY

Fox Energy Corporation announced that it has entered into an agreement to acquire a non-operated interest in producing wells and facilities on a property situated in southern Alberta. The property includes several wells producing crude oil, natural gas and liquids. Fox's share of production is approximately 95 barrels of oil equivalent (BOE) per day. The property has significant development and exploitation upside and will become a core area for the Company.

The reserves attributed to the property interest by an independent engineering firm are 274,000 BOE for total proved plus probable reserves. Fox's acquisition costs are $5.50 per BOE for proved and probable reserves and $15,800 per producing daily BOE. The property has a reserve life of 9.5 years on a proved producing basis.

The Company will use existing funds and its credit facility to finance the acquisition which is scheduled to close by the end of the first quarter 2000.

For further information contact:

Donald R. Holding, President & C.E.O.
1400, 444 – 5th Avenue SW, Calgary, Alberta T2P 2T8
Telephone: (403) 265-3627 Facsimile: (403) 265-3628 Toll Free: 1-888-720-2108
E-mail: fec@foxenergy.com Website: www.foxenergy.com

“The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.”