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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (63921)	4/5/2000 9:27:00 PM
From: BigBull	Respond to of 95453

Producers To Pump More Money Into Natural Gas Projects The U.S. natural gas market is widely expected to hit 30 Tcf by at least 2015, and many North American producers have plans to boost their gas-directed capital investments in anticipation of this demand. According to Ziff Energy Group's annual gas industry outlook survey, 75% of producers plan to increase their 2000-01 gas-related investments by more than 5% over 1999 figures, with 28% planning a jump of at least 15%. "From an investment perspective, the outlook for North American gas production in the next two years appears positive," the report states. When one breaks down the numbers, U.S. producers look more willing to bump up their budgets than the Canadians. One-third of U.S. respondents expect to ramp up their investments by at least 15%, whereas one-quarter of Canadian producers plan to reach that level. Twelve percent of Canadian producers expect to invest less in 2000-01 than in 1999. About 5% of U.S. producers expect a decline. Other key findings: Fifty-four percent of the respondents expect Nymex prices to close the year in the $2.73-$3.13 per MMBtu range, and 40% expect an even higher price. About half expect Nymex oil to average $21-$25 per barrel two years from now. In last year's survey, less than 7% of producers were this optimistic. Two-thirds expect to be producing at least 5% more gas at the end of the year than they were last year, and 18% expect production to increase more than 15%. For coverage of Ziff Energy's annual North American gas strategies conference in Houston this week, see the April 10 edition of Petroleum Finance Week. Call 1-800-897-HART for subscription information. --Jodi Wetuski, Houston Bureau Chief, Petroleum Finance Week oilandgasinvestor.com

To: Tomas who wrote (63921)	4/7/2000 12:39:00 AM
From: Tomas	Read Replies (2) \| Respond to of 95453

Tough year for oil and gas firms - BBC, April 6 news.bbc.co.uk

To: Tomas who wrote (63921)	4/10/2000 5:58:00 AM
From: Len Hynes	Respond to of 95453

Hi DRT; A very comprehensive article on developments and future outlook for the oil and gas industry, in particular, natural gas.The guy is probably right, with natural gas atU.S.~$3.00 mcf,we are going to see more exploration and development with natural gas as the focus of drilling.Now is the time to be bullish in this sector, if there ever was a time. Companies which have been able to forsee this consumer bias towards natural gas have been quietly adding natural gas acerage to their store of properties.Note that Gentry has been increasing its focus towards natural gas exploration during the past several years.Here is a short excerpt from yhe company's PR of Jan/24/2000:...The company's focus will be on natural gas in areas where Gentry can take larger working interests and more actively manage its growth...." Gentry exited 1999 producing approx. 2.1 million cubic feet per day of natural gas.Through additional acquisitions,further drilling of its Provost, Dollard,Virden Roselea properties, along with further exploration of Sloane's huge Southern Alberta gas discovery, we can expect to see a much greater proportion of Gentry's production in the future from natural gas. I'd say that Gentry's management have "sized up the industry" very well. Len