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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (8022)	3/5/2001 8:05:49 AM
From: Craig C	Read Replies (1) \| Respond to of 24899

Richard - griffiths was a big buyer of magin at 2-2.45 many months ago, so there position in mgy for there clients must be substantial.One think that interests me is that they are the ones shopping maxx,t I beleive also.Someone could come in and scoop both up and have quite a mix from heavy oil-nat gas and have a company producing >15,000 bopd. The 5-15,000 bopd companies are dissapearing fast.In regards to forest fst,n they certainly have the stock price to throw at a bid for magin.When compared to usa were still selling for a huge discount. craig

To: Richard Saunders who wrote (8022)	3/5/2001 10:19:11 AM
From: CIMA	Respond to of 24899

DIGG - MARCH 2, 2001 - 20:50 EST Digital Gas Sub Acquires Exclusive Rights in China For Breakthrough '4D' Oil & Gas Field Imaging Technology CALGARY, ALBERTA--Digital Gas, Inc. (DIGG - Pink Sheets) today announced that it's wholly-owned subsidiary, Qingdao Technology Co. Ltd. of Calgary, Alberta, has signed an exclusive agreement to utilize the breakthrough oil & gas field imaging technology of Synthetic Aperture Imaging Technologies, Inc. ("Saitech") of Calgary, Alberta. Saitech, a high technology application specific supercomputing company, will be implementing the current state of the art in applied supercomputing and its application to the prediction of rock properties for Digital's Qingdao Technology and its partners in China after preliminary fieldwork resumes later this month. Saitech describes the technology that will be used in China for Qingdao Technology and its strategic partner, Dongsheng Corporation, as "4D". It will represent the state of the art in seismic analysis and will result, according to Saitech CEO Tim Davies, in there being "no data set of comparable quality to Dong Sheng's anywhere on earth today." "One of the three largest companies in Canada has already used an early version of the technology with unqualified success to more than double the recoverable frequency of their existing seismic", added Davies, who has used the technology in his own drilling company and is 13 for 13 in predicting the presence of the target zone and the limits to the zone of interest. Qingdao Tcchnology is a newly formed Alberta corporation that will conduct the oil & gas business of Digital Gas in China, including the Dongsheng contract. Deloitte & Touche LLP of Calgary, Alberta was approached by Digital in this matter and has offered to assist the new company in the preparation of a formal business plan, which will be used later this month as the new company plans to raise money for its China business in Hong Kong. The company is seeking up to US$25 million through a private placement of common shares. Deloitte would also offer financial and income tax advice and consulting services with respect to the financial activities of the new company, 100% of the shares of which will be distributed to Digital shareholders after Deloitte analyzes the new corporate structure and advises on specific financial transactions that Qingdao Technology may wish to enter into. Digital has decided to accept the offer, subject to the working out to its satisfaction the details of a services contract. Once Qingdao Technology is financed, it will apply for listing on the Toronto Stock Exchange in Canada and to a senior exchange in the US market. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Digital Gas, Inc. Brian Smith (732) 449-9784

To: Richard Saunders who wrote (8022)	3/5/2001 6:15:58 PM
From: kingfisher	Respond to of 24899

PrimeWest to raise monthly distribution PrimeWest Energy Trust PWI.UN Shares issued 38,061,130 2001-03-02 close $8.82 Monday Mar 5 2001 News Release Mr. Kent MacIntyre reports PrimeWest Energy Trust intends to increase its monthly distribution rate by 10 per cent from 20 cents to 22 cents per trust unit (the 10-cent regular and a 12-cent special) following the closing of the Cypress Energy Inc. acquisition. PrimeWest has extended the period during which it expects to pay the 22-cent-per-trust-unit monthly distribution until at least January, 2002. The increase in PrimeWest's distribution rate is supported by the accretive nature of the Cypress transaction to PrimeWest unitholders on a cash-flow-per-unit basis -- estimated to be 13 per cent in 2001. The increase is also backstopped by a series of commodity-risk management structures. If PrimeWest achieves its minimum tender condition under the Cypress offer (not less than 66.6 per cent on a fully diluted basis) on the March 28, 2001, expiry date of its bid, the increased PrimeWest distribution rate will commence with the April, 2001, distribution, payable May 15, 2001. The increased monthly distribution rate of 22 cents per trust unit equates to approximately 32 cents per Cypress share for those tendering and electing PrimeWest trust units under the offer. Also, if the minimum condition is met, tendering Cypress shareholders who elect to receive PrimeWest trust units in exchange for their shares will receive the March-declared, April-paid distribution of 20 cents, which equates to 29 cents per Cypress share. Full-year 2001 distributions paid by PrimeWest are now expected to be $2.56 per trust unit (20 cents monthly in January through April, and 22 cents for the months thereafter). Based on actual year-to-date commodity prices received and the current forward commodity price curves for the balance of 2001, PrimeWest's estimated distribution pay-out ratio (distributions paid out as a percentage of operating cash flow) is expected to be approximately 85 per cent. Based on the expected 2001 distribution of $2.56 per trust unit and a recent unit price of $9.00, PrimeWest's current cash-on-cash yield is 28.4 per cent. To support the increased distribution rate, PrimeWest is implementing a series of commodity-risk management structures. Additional commodity-risk management activities will be considered for 2002 following the successful acquisition of Cypress. Any further extension or changes to PrimeWest's distribution rate will continue to be assessed quarterly by the board of directors, in the context of operating results and the then-current commodity price environment. "With this increase and extension, PrimeWest unitholders have more stability and predictability in their monthly and full-year distribution streams," said vice-chairman and chief executive officer Kent MacIntyre. "The distribution increase provides a tangible benefit to PrimeWest unitholders that is commensurate with the strong cash flow accretion attributed to the Cypress transaction." WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: Richard Saunders who wrote (8022)	3/6/2001 5:32:06 PM
From: Scott Mc	Read Replies (1) \| Respond to of 24899

I kick myself for not buying MGY when their buyout of Place fell through, it was strange to see it drop so much back then, TLM released good results today, impressive to see such a large company trading at 3x cash flow and spinning off tremendous amounts of cash. DISCLAIMER:I own positions in both, Scott Talisman Energy Inc TLM Shares issued 138,053,196 2001-03-05 close $59.15 Tuesday Mar 6 2001 News Release Dr. Jim Buckee reports Financial results for 2000 were as follows: Strong operating performance combined with higher oil and gas prices enabled the company to achieve new heights; posting record cash flow, production, earnings and reserves numbers. This momentum will continue into 2001, driven by an estimated $1.7-billion in exploration and development spending. "These are outstanding results and the numbers speak for themselves," said Dr. Jim Buckee, president and chief executive officer. "The success of our international programs was very apparent last year as we replaced 443 per cent of international production with finding and development costs of $1.94 per barrel of oil equivalent (boe) (proved plus probable). "I am confident that 2001 will be another stellar year. Fourth quarter production should average 475,000 boe/d, with the startup of four fields in the North Sea, increased production from Sudan and results from a 650-well drilling program in Canada. "We expect to generate approximately $20 in cash flow per share this year. This assumes $26 (U.S.) per barrel WTI, Nymex prices of $5.00 (U.S.) per thousand cubic feet and continuing share repurchases. Current futures prices are above these levels." Highlights for 2000 include: cash flow of $17.51 per share, up 97 per cent; net income of $6.41 per share, up 389 per cent; production of 409,000 boe/d, up 32 per cent; unit operating costs for oil reduced by 7 per cent; year-end long-term debt of $1.7-billion, down $462-million; debt to cash flow at year-end of 0.7 times; exploration and development spending of $1.2-billion, an increase of 18 per cent; a total of 728 wells drilled with an 88-per-cent success rate; proved finding, development and acquisition costs of $5.72/boe (156-per-cent production replacement); and year-end proved reserves of 1.2 billion boe, an increase of 8 per cent. Financial: Cash flow per share up 97 per cent

To: Richard Saunders who wrote (8022)	3/7/2001 8:54:02 AM
From: The Fix	Respond to of 24899

Good morning Richard. Re MGY. Forrest will probably pay around 3.5X 2000 CF imho. Listening to the conf. call, it sounds like the deal is done and MGY mgt. is looking for a sweeter offer with the opening of the data room. They feel that the whole process will be done in 60 days. The flow-thru thing was a stunt, Yet Glenn C stated that insiders control about 3% of the co. This worries me since the flow thru was inside money only. As far as Copton goes.....Now it's all downhill. My question is why sell the co. now? The stock has been rising in recent months. The market punished MGY last year for all the writedowns and hedges. AXL and AEC also have some land at Copton. These two come to mind as potential WK's. Interesting times ahead.......fIXER