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

To: Kerm Yerman who wrote (9602)	2/21/2003 11:43:32 AM
From: kingfisher	Read Replies (1) \| Respond to of 24921

Kerm/Baytex.Any comments? Trading well below NAV.Figure on $4 cash flow this year. Yorkton is calling for $4.25 cash flow. Most of their debt is in U.S dollars. Do you think Husky may be interested in them?

To: Kerm Yerman who wrote (9602)	2/22/2003 8:45:14 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24921

Portfolio Stock / Purcell Energy Purcell Energy Announces $2.9 Million Private Placement CALGARY, ALBERTA--Purcell Energy Ltd. announces that it has agreed to issue, by way of private placement, 1,000,000 common shares at $2.90 per share for gross proceeds of $2.9 million. Salman Partners Inc. will act as agent for the private placement. Closing of the financing is expected to be on or about February 26, 2003. The issue of the common shares is subject to receipt of regulatory approvals. After giving effect to the issuance of 1,000,000 common shares pursuant to the private placement, Purcell will have 28,361,639 common shares issued and outstanding. The proceeds of the financing will be used to fund Purcell's ongoing activities. Purcell's 2003 winter exploration and development program includes drilling and facilities expansion at Fort Liard (NWT), drilling at Ootla (northeast BC), drilling at Slave (northeast BC), 3D seismic acquisition at Tenaka (northeast BC), 3D seismic acquisition at Umbach (northeast BC), drilling at Ells/Birch Tar (northwest AB), a gas well tie-in at Rainbow (northeast AB), and a gas well tie-in at Edson (west AB).