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

To: Dav!d who wrote (4320)	12/11/1997 9:47:00 PM
From: Kerm Yerman	Read Replies (2) \| Respond to of 24905

David / Granger Energy I am in the process of reviewing the company once again. Sometime next week I will be issuing an extensive report on the company. In the meantime, Berkley is currently drilling a well on their property where Granger is being carried for a 5% W.I. A successful well will have an impact on the company. Regarding the Thorhild property in Alberta, I know there is 3 million bbl's of light oil reserve potential with production potential of 150 bbl's/d per well. They have identified 2 drilling locations and have further identified 15 additional prospects. Drilling will occur in the first quarter of 1998. F & D costs are estimated at $5.00/bbl. That's very good based upon costs of today. (Reference my column at Kerm's Korner today for comments on cost subject) Granger has 100% W.I. in these wells at this time.