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

To: RIK who wrote (6472)	5/28/1999 9:58:00 AM
From: Syncrude	Read Replies (1) \| Respond to of 24905

Dilution, May I suggest that you start your own thread on this subject, so that those that are interested can follow you there, while the rest that see a post here know that it IS related to the subject of the thread. Thank you.

To: RIK who wrote (6472)	6/1/1999 3:02:00 PM
From: Dilution	Respond to of 24905

RIK, you wrote: <<your post #6455 [this thread ] referenced a news release as a credible rumor. Disclaimer Guy , you are one funny dude.>> One has to have a sense of humor when investing in Black Boxes. -D.G. Disclaimer: Consider every thing that Pan Canadian puts in press releases to be biased. Pan Canadian may or may not be a front company for short sellers trying to give me a heart attack by putting out false information over Business Wire that looks like official press releases from a real operating company when in fact it may or may not be just a fraudulent shell. I am not paranoid, but I know that everyone is out to get me. I will not feel obligated to update you on my mental condition and could be short or long Pan Canadian at any time depending on how incompetent I feel they are at drilling holes and hitting the primary zone of interest instead of the dry, secondary zones.

To: RIK who wrote (6472)	6/8/1999 8:25:00 PM
From: RIK	Read Replies (1) \| Respond to of 24905

This is technology at work ! SOURCE: Chevron Corp. Chevron Announces First Production From Gemini Deepwater Project NEW ORLEANS, June 8 /PRNewswire/ -- Chevron (NYSE: CHV - news) and its partner, Texaco (NYSE: TX - news), recently began producing natural gas from Gemini, a deepwater subsea production development in the Gulf of Mexico, the companies announced today. Gemini is producing 77 million cubic feet of natural gas and 1,500 barrels of gas condensate per day from its first well, which was originally drilled as an exploratory well in 1995. Two additional wells have been drilled and will be completed by the year's end, peaking production at approximately 150 to 200 million cubic feet of gas and 2,000 to 3,000 barrels of gas condensate per day. At those levels, Gemini will be one of the largest subsea projects producing in the Gulf of Mexico. Located approximately 90 miles southeast of New Orleans on Mississippi Canyon Blocks 292 and 247, the Gemini project features a remotely controlled subsea facility on the ocean floor in water 3,400 feet deep. The facility controls production of natural gas and gas condensate from wells drilled more than 11,300 feet below the seabed. The gas and condensate are then transported through pipelines to a Chevron-operated offshore production facility 27 miles north at Viosca Knoll 900 for processing. ''The Gemini project team overcame significant technical hurdles to achieve first production less than 18 months after project approval,'' said Andy Hardiman, vice president of Chevron U.S.A.Production Co.'s Deepwater Business Unit. ''This is a great accomplishment by a great team of Texaco and Chevron experts.'' Chevron has a 40 percent interest in Gemini, which is operated by Texaco, the project's 60 percent partner. Gemini is Chevron's second deepwater development in the Gulf of Mexico. Chevron's first deepwater project was the drilling and production spar Genesis, which came on line in January. Genesis currently produces 28,000 barrels of oil and 28 million cubic feet of natural gas per day from its first two development wells. Genesis will eventually drill and operate approximately 15 wells in water one-half mile deep. Typhoon, Chevron's third deepwater project, is in the development planning stage and is expected to achieve first oil by mid-2001. Together, Genesis, Gemini and Typhoon are expected to reach peak production by 2002, making Chevron's net production from current deepwater developments approximately 70,000 barrels of oil and equivalent gas per day. SOURCE: Chevron Corp.