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


To: HAZ who wrote (4306)12/10/1997 1:30:00 PM
From: keith schaefer  Read Replies (1) | Respond to of 24905
 
TO All/Equatorial Energy (OZ-VSE) - has 700 bpd production in Sumatra Indonesia which mgmt (ex-Stampeder Exploration, Marshall Abbott)believes they can increase to 3000 bpd in 1998 - also paying $US40 million for 80% of 41.5 million barrels in Borneo from Friedland's First Dynasty - just raised $12 million institutionally, has money for acquisition lined up - they should go from 700 bpd to over 6000 this year.