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Gold/Mining/Energy : Newquest Energy-NQE.A:TSE-Emerging Oil Story -- Ignore unavailable to you. Want to Upgrade?

To: barry doment who wrote (21)	5/9/1998 2:51:00 PM
From: CIMA	Read Replies (1) \| Respond to of 37

Just got the annual report. Important info gleaned from it: - they will drill at least 60 high working-interest wells in 1998. - exit 1997 producing 1500 BOEPD with 87% being gas - estimating exit 1998 producing 4000 BOEPD with 75% gas - as of April 3, 1998 producing 2250 BOEPD - they are using $2.00 CDN for gas and $23.50 CDN for oil in 1998 - gas currently $1.85 CDN and $22.10 CDN - approx. 1/3 of their gas produced gets the higher U.S. price so they are probably very close to projections. - they stress growth through the drill bit but make a point of stating takeovers are a possibility if the right deal presents itself in this low-priced climate for oil and gas companies. I figure around $8.00 by the end of the year as a conservative estimate on the share price if their CFPS projections are met. Do you think it's a good idea to get hold of the webmistress to have the thread title looking like this: Newquest Energy - NQE.A : TSE