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

To: The Fix who wrote (8086)	4/8/2001 7:48:58 PM
From: The Osprey	Read Replies (1) \| Respond to of 24910

I guess I was right.You can't read.......Nuff said.OEL will be a winner in spite of your negative misinformation Fixer.Short it right here and show us your true colors.Hope you got lots of cash to cover.

To: The Fix who wrote (8086)	4/9/2001 12:16:09 PM
From: Scott Mc	Respond to of 24910

Does anyone know of one location where dates of upcoming annual meetings for the junior Oil&Gas co's will be, I own enough of them that I'd like to go to Calgary and catch 3 or 4 if they are over a couple of days, thanks Scott

To: The Fix who wrote (8086)	4/9/2001 9:32:08 PM
From: The Osprey	Read Replies (1) \| Respond to of 24910

Hey Fixer....OEL Has news out.Yup.Just for you and other people who follow Oil and gas companies completely. Osprey Energy Limited www.ospreyenergy.com HALIFAX, April 9 /CNW/ - Osprey Energy Limited (CDNX-OEL) is pleased to announce it has successfully completed remedial work and commenced production on its Crosby 36A Well in Louisiana. The Well is currently producing at 960 BOPD and 2.5 MMCFGD with a 12/64 choke and a Wellhead pressure of 7,100 PSI. It has averaged 820 BOD and 3.5 MMCFD since it began flowing. The Well is being closely monitored during this test period and will be produced at varying rates over the next 30 days to determine the optimum rates for sustained production. Based upon current rates, the Company anticipates sustainable production to be in the 500-600 BOD and 2.5-3.0 MMCFGD range or 1,000-1,200 BOED. The Crosby 36A is a high pressure Well with a total depth of 19,800 feet, proven reserves of 7.8 BCFG and 270,000 BO, successfully drilled by Union Pacific Resources (UPR) in late 1998 but never equipped, produced or tied-in to the commercial gas-gathering system. This Well is now being produced through the pipeline recently constructed to tie it into the infrastructure of another Company Well, the Crosby 25, which is fully equipped and tied into a commercial gas-gathering system. The Crosby 25 Well, drilled in late 1998 by UPR is currently not producing but produced 142,821 BO and 554 million cubic feet of gas prior to being plugged with shale in late 1999. Now that the work is completed on the Crosby 36A, a schedule to commence remedial work on the Crosby 25 is being finalized. The Company anticipates the Well will produce 300-500 BOD and 1.5- 2.0 MMCFGD once the work is completed. The Company expects this program to commence in the coming weeks. In October 2000, a Houston geological firm, Keljor Group, LLC, indicated proved reserves of 11.2 BCF of gas, 498,000 BO and assigned a present value, net to Osprey's after payout 50% WI of $24,006,108 USD, a PV10% value of $11,986,021 USD and a PV 15% value of $9,764,321USD for these two Crosby Wells. The Company also wishes to announce it has agreed to a Convertible Debenture of 1,500,000 units, consisting of one share convertible at $1.40 in year one and $1.75 in year two and one warrant convertible into common shares at $1.50 per share in year one and $1.75 in year two. A finder's fee will be paid in this transaction, which is subject to CDNX approval. This increased production and resulting cash flow, along with the additional funding will enable the Company to accelerate the remedial work program to develop other Wells on the Cotton Valley property and commence remedial work on the Bayou Choctaw property, both located in Louisiana. Over the past several months, remedial work completed on the Company's three Louisiana properties has significantly increased revenues and cash flow. The oil and gas from the Crosby 36A Well alone more than triples the company's daily production, which is now expected to exceed 1,500 BOED. ON BEHALF OF THE BOARD OF DIRECTORS OF OSPREY ENERGY LTD. "R. Gary Malone" President Respectfully submitted even though you have me on ignore Fixer.You may want to read this one and look very closely at it. The Osprey