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Gold/Mining/Energy : PEL - Purcell Energy -- Ignore unavailable to you. Want to Upgrade?

To: rajaggs who wrote (143)	10/21/2000 7:38:50 PM
From: rajaggs	Respond to of 165

Chevron/Berkley/Purcell due to bring next huge gas well M25? on line, first week on November. This is around the same size (75mmcf/day) as well K29, which went on line end of July. The revenue to Purcell at today's prevailing prices, from these 2 wells alone is close to C$50 million per annum, after transmission costs are deducted. (cf/s = C$1.50) Currect price = <2.5 times projected cfs. Great buy even after its recovery in the past week. Purcell's other well where they own 60% of about 15mmcf/day is due to come onstream in early January, 2001 and will boost their revenues for next year by another 25%, not to mention their JV work with Talisman. Things are coming together just in time for the cool season. Roll on minus temps, with icy mornings. 'jaggs.