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Gold/Mining/Energy : Fletcher Challenge Energy (FEG) -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (3)	1/6/1998 5:31:00 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 16

Larry: I usually hear about particular companies as they relate to specific oil & gas plays. As with Curlew and Bacon Island: Texaco, Enron & Amerada Hess have relevance to the area. These days, the potential hot spot is the Turner Valley in southern Alberta. Drilling by Imperial (Exxon subsidiary) and Berkley could uncover 400 million barrels of recoverable reserves plus natural gas. If we hit one of these big plays, the impact on the juniors will allow us to scale up some of our participation to larger entities. In that regard, I feel the gold sector has the better long term potential. I will keep FEG in mind though just the same. Dale

To: Liatris Spicata who wrote (3)	1/12/1998 2:27:00 PM
From: Liatris Spicata	Read Replies (2) \| Respond to of 16

FEF said today that natural gas flows from its Mangahewa-2 well in New Zealand's North Island will be gradually increased to 20 million scfm. The well had been flowing at 13.5 million CFD in the late December to early January period, but was shut-in on Jan. 6 to allow installation of pressure relief valves. 'The well is flowing again and the rate will gradually increased to 20 million cubic feet a day,' Fletcher Energy said in a well report. In additional to natural gas flows, the well was producing 20 and 200 barrels of water and condensate a day, respectively. FEG said the gas is being exported to the gas-to-gasoline petrochemical plants located nearby.