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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).


TSX:PEY - Post by User

Post by gharibmon May 08, 2003 10:15am
228 Views
Post# 6075393

NUS

NUSI hope this does not raise as much fuss as when I mentioned BTE or KVL in the past. Check NUS 2002 AR on www.sedar.com. I know some of you are aware that there was a water problem with the Buick Creek well. According to AR the water volumes are going down. The company says there is no active water drive and does not expect water volumes to increase. They are also using a dry well to dispose of the water economically. Q2 production is going to be more than double Q1 (current production over 1800 boe/d). The icing on the cake, the company is up for sale, the data room is open and busy. I couldn't resist at these fire sale prices.
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