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Gold/Mining/Energy : OEL.V Osprey Energy Limited -- Ignore unavailable to you. Want to Upgrade?

To: mappingworld who wrote (470)	9/12/2000 9:09:59 AM
From: Buckey	Respond to of 1134

TOO true - This is an RRSP - I had SVN from IPO day of 110 to 350 and I was too stoopid to sell as it sits at 70. I will not be married to this one or any one unless I won the company - LOL I hopefully will be prudent enough to sell when the market tells me - Lets hope that is not today because I tee off in 40 minutes

To: mappingworld who wrote (470)	9/12/2000 9:11:11 AM
From: Buckey	Read Replies (1) \| Respond to of 1134

Osprey Energy Ltd OEL Shares issued 5,334,288 Sep 11 close $2.55 Tue 12 Sept 2000 News Release Mr. Gary Malone reports Osprey Energy has commenced production on an additional six wells in its Northern Louisiana Cotton Valley field. Three more wells are anticipated to be in production by the end of the year. The property, awaiting final approval from the Canadian Venture Exchange, is in excess of 20,000 acres in four counties. This field has nine Austin Chalk wells and three Cotton Valley wells, each with a total depth of over 18,000 feet, as well as one salt water disposal well. All wells were drilled in 1997-1998 by a major and 11 of the 12 wells are fully equipped and tied in to gas pipelines. The Crosby 36A was drilled and completed but never tied in. The company owns all equipment and pipelines throughout the acreage. The Giddens well, is currently being operated by Anadarko and producing in excess of 200,000 cubic feet per day (net to Osprey). BPR Energy is operating the Crowell 3, Crowell 7, Temple 16, Crosby 24 and Bailey 32, which are producing a total of 185 barrels of oil per day and 650,000 cubic feet per day. The Pool No. 1 well is producing 50,000 cubic feet per day. Production will be increased once scheduled remedial work is completed on each well. Engineering reserve reports and well logs acquired with the property estimate the field contains in excess of two million barrels oil and over 12 billion cubic feet of gas. The three Louisiana properties, which have 14 wells producing over 350 barrels of oil per day and one million cubic feet per day, are the Cotton Valley, 75-per-cent working interest (seven wells), Bayou Choctaw Field, 60-per-cent WI (five wells), and the Livingston Field, 30-per-cent WI (two wells). The Jenner No. 1 (12.9-per-cent WI) and Jenner No. 2 (5-per-cent WI) properties in central Alberta are also producing positive cash flow. The company is continuing to pursue opportunities in the oil and gas marketplace to enhance shareholder value by increasing cash flow and building reserves. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com