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May 29, 2002
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• NCE Petrofund Corp., Toronto, plans to acquire producing properties in central Alberta from a Canadian company for C$40.2 million. The package includes two gas-producing properties and two oil-producing properties. Three of the properties are unitized and one is operated. Reserves are approximately 67% oil; proven reserves account for 80% of the total value. Current production net to the acquired interest is approximately 1,800 BOE per day. Established net reserves are estimated to be 8.8 million BOE.

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