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Gold/Mining/Energy : Torino Oil & Gas (A.TGS) -- Ignore unavailable to you. Want to Upgrade?

To: Supervalue who wrote (800)	2/7/2000 12:04:00 AM
From: John Trudeau	Respond to of 820

Supervalue & others. Check out Belair Energy (V.BEC). Their web site tells all: www.belairenergy.com Snapshot: Current price = $1.35/share. Issued Capital = 7.6 mm shares, fully diluted. NAV = $1.95 / share (reserves discounted 15%) Cash Flow: '99 = .53/share, 2000 est = .73/share based on expected average of 1,400 boepd during 2000, & $19.00 oil. Current Production = 1150 boepd, approx 60% oil 40% gas. Exit production for 2000 expected to be 1,600 boepd. Land position = 78,000 net acres. 2000 drilling program = 30 wells, 13 net. Pres = Vic Luhowy (formerly COO with Elan). * Note: 2000 cash flow of .72/share has been removed from their web site. I think they're going to revise it upwards, as I believe it was rather low. Let me know what you think, thx. JT