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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (5188)	12/3/2001 10:59:53 AM
From: geoffb_si	Respond to of 11802

PXV.TO in the news: No deal...very disappointed! Petrolex - Rubiales Oilfield, Colombia Vancouver, B.C and Oslo, Norway Trading Symbol: PXV-T PETROLEX ENERGY CORPORATION (``Petrolex'' or the ``Company '') announces that it has not entered into a definitive agreement of purchase and sale with Auburn Argyle Limited (``Auburn Argyle'') relating to Petrolex's 80% interest in the Rubiales Oilfield in Colombia within the deadlines set out in the Heads of Agreement with Auburn Argyle announced on October 23, 2001 and extended on November 22, 2001. In addition, the deposit in escrow by Auburn Argyle of USD3,000,000 toward payment of the purchase price has not occurred. Petrolex will now be reviewing its options including, among other things, continuing to seek partners for its activities at the Rubiales Oilfield.