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

To: Richard Saunders who wrote (4739)2/25/1998 10:38:00 PM
From: Scott Mc  Respond to of 24921
 
Richard, thks for the post on Magin, another one I mentioned a couple of times just before Xmas when it was around $5 and again a couple of days ago here closed at $7.60 or so today is Archer Pet, mainly a NatGas producer so not affected so much by low oil prices.. Scott
ISDN Wire Service - Pointcast Network Canada ARCHER RESOURCES LTD. ANNOUNCES RECEIPT OF PROPOSALS Wednesday, February 25, 1998

ISDN Wire Service

CALGARY, ALBERTA-- Archer Resources Ltd. has received proposals from certain parties interested in pursuing a transaction with Archer. The Board of Directors of Archer has only received a preliminary assessment of such proposals from management and its financial advisors and has instructed management and its advisors to consider and assess the most viable proposals in greater detail.

Archer's common shares trade through the facilities of The Toronto Stock Exchange under the symbol "ARC". The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

For further information please contact:

Grant A. Bartlett Chairman & CEO Telephone: (403) 266-5522 Fax: (403) 232-6008

Wayne Foo President & COO Telephone: (403) 298-5593 Fax: (403) 232-6008

Bill Hogg VP Finance & CFO Telephone: (403) 298-5510 Fax: (403) 232-6008

Additional information is available at Archer's internet web-site at www.arch-resources.com.

c ISDN Wire Service - 1998



To: Richard Saunders who wrote (4739)3/1/1998 12:20:00 PM
From: RIK  Read Replies (1) | Respond to of 24921
 
Richard / MGY

Sprott in an updated report dated Feb 18/98 have projected 98 & 99 cashflows of .59 and .86 respectively.

They have indicated that MGY will be involved in 2 or 3 high impact gas plays [100-200 bcf] in the first half of this year.

Target price remains at $4.25.

First Marathon in a Jan 98 report have a one year target of $4.40 [increased from $3.50 ]


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