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Gold/Mining/Energy : Petrokazakhstan Inc. -- Ignore unavailable to you. Want to Upgrade?


To: pz who wrote (1666)5/22/2001 3:55:23 PM
From: Madeleine Harrison  Respond to of 2357
 
On today's Canada's Business Report ... An update with Hurricane
Hydrocarbons

TORONTO, May 22, 2001 (Canada NewsWire via COMTEX) -- Bernard Isautier,
President and Chief Executive Officer of Hurricane Hydrocarbons Ltd. is live on
Canada's Business Report today on the Company In Profile feature. Isautier will
give an update on the current situation with the unsolicited partial insider
bid, their plans for increased oil production and greater efficiencies at their
facilities in Kazakhstan, and opportunities for more acquisitions.

Hurricane Hydrocarbons Ltd. is an international energy corporation engaged in
the exploration, development, production, acquisition, refining and marketing of
oil and refined products, in the Republic of Kazakhstan.

Executive produced by Canada NewsWire, Canada's Business Report provides
listeners with the most comprehensive Canadian market information and analysis
on radio. The half-hour weekday program airs on 15 stations coast to coast
including CFRB 1010 in Toronto and can be heard live on the Canada NewsWire Web
site beginning at 5:06 p.m. (ET) at www.newswire.ca/cbr.



CONTACT: For further information: Robert Graham, Host, Canada's Busine
s Report
(416) 863-5728; Bryan Woodruff, Executive Producer, Canada's
usiness Report
(416) 863-2104; Leon Wu, Canada NewsWire (416) 863-2092;
Archived images on this organization are available through CN
E-Pix at
www.newswire.ca. Images are free to members of The Canadian P
ess.

News release via Canada NewsWire, Toronto 416-863-9350

Copyright (C) 2001 CNW, All rights reserved



To: pz who wrote (1666)5/24/2001 11:18:23 AM
From: forecaster  Read Replies (3) | Respond to of 2357
 
pz: Reserves Update.

Hurricane's latest reserve report as of May 1, 2001, estimates the present worth value before income tax, on an escalating price basis and 10% discount as follows:

(1 US$ = 1.5473 C$)

Present Worth Value: US$3,448,141,000 = C$5,335,309,000
# of Fully Diluted Shares: 84,656,439
Present Worth Value/FD Share: US$40.73 = C$63.02

At US$9 or C$14 market price, we are still trading at only 22% of the estimated value. Triple from here?

Forecaster