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

To: RIK who wrote (4110)	11/12/1997 2:25:00 PM
From: Cascade Berry	Read Replies (1) \| Respond to of 24920

CAVELL announces the sale of the majority of Cavell's properties in the Saskatchewan Red River Play for Seven Million Three Hundred Thousand dollars ($7,300,000.00). Currently these properties are producing approximately 300 boed. The sale is effective October 1, 1997 and is expected to close prior to November 30, 1997. Write down of Thirteen Million, One Hundred Thousand dollars ($13,100,000.00) in property, plant and equipment in the third quarter of 1997.