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Gold/Mining/Energy : Pan East Petroleum PEC-TSE Several Projects Starting -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (47)	3/3/1998 5:00:00 PM
From: Keith Utz	Read Replies (1) \| Respond to of 73

Anybody out there? Called the co. today and was informed a NR will be out next week and the week thereafter. Said we should be pleased with the news. Very little activity on the thread considering the stock has made a strong move during the last month. Two wells have been completed in area along NWT border(Ohio Resources) and one drilling ahead. The first well initally came in at 15,000,000 cu ft/day and will be put on line at around 5-7 million/day. Rigs have to be removed from area in 2 weeks. Seven successful wells so far this quarter(gas) and 4 more drilling. Will drill at least 30 wells this year and about half will be high impact wells..one with potential of 50,000,000 cu. ft./day. Keith