Aspen Group Resources (ASRPF)

[Amaunet]

Not a PR, newspaper article based on our press release.

Aspen can show profit with natural gas prices as low as $1.50 or oil as low as $8.00 to $10.00 a barrel. – Jack Wheeler

http://www.investorshub.com/boards/read_msg.asp?message_id=189603



We have recently hedged one half million cubic feet a day at $3.37 and one half - Conference Call, April 2,2002

"In order to reduce our commodity risk, we are analyzing hedging opportunities and plan to hedge approximately 75% of our operated gas production."

http://www.investorshub.com/boards/read_msg.asp?message_id=467107

I am not sure if we were ever told if they followed through with their plan to hedge approximately 75%.

I believe you are correct the prices have been around $3.00 if not over for at least a few months. I would have to look up a price history, but you are close enough. IMO Am