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Gold/Mining/Energy : Maxx Petroleum-MXP,TSE -- Ignore unavailable to you. Want to Upgrade?


To: Scott Mc who wrote (105)7/13/2000 3:31:38 PM
From: Scott Mc  Respond to of 106
 
Maxx second quarter production on track

Maxx Petroleum Ltd MXP
Shares issued 15,858,382 Jul 11 close $4.95
Thu 13 Jul 2000 News Release
Mr. Bob Rosine reports
Second quarter 2000 production volumes averaged 8,530 barrels of oil
equivalent a day (boe/d) in line with projections and on track to average
8,850 boe/d for calendar 2000.
Net reserve additions as evaluated by Sproule Associates Limited over the
first half of 2000 are 7,737 thousand barrels of oil equivalent total
proved and 8,962 thousand barrels of oil equivalent on a proved plus
probable basis. This results in total corporate reserves of 20,214 thousand
barrels of oil equivalent proved and 24,899 thousand barrels of oil
equivalent proved plus probable. These additions represent a 45-per-cent
and 43-per-cent increase in total proved and proved plus probable reserves
from the previous Jan. 1, 2000 evaluation.
Detailed operating, financial and reserve information are to be released
the week of July 17.