Most of these precautions we have definite knowledge of, Jack has already given us hedging figures, we know they have already begun to sell non-core properties and the appointment of Allan Kent, Executive Vice-President of Aspen, as Chief Financial Officer of Aspen effective immediately eliminated a duplicity. Therefore there is no reason to disbelief that Aspen is not addressing the other means to reduce costs stated below. Jack does seem to be doing what he said.
Therefore, we should certainly see an improvement this quarter, unless there are other factors we don’t know about. We could even be positive but at any rate we should look better. IMO Am
"In order to reduce our commodity risk, we are analyzing hedging opportunities and plan to hedge approximately 75% of our operated gas production. We are addressing our costs through a reduction of our operational costs and the utilization of fewer third party contractors for our field operations. Finally, we are reviewing our holdings and have begun to liquidate some of the non-core assets from recent acquisitions."- Jack Wheeler
May 31, 2002--Aspen Group Resources Corporation, (TSX: ASR, OTCBB: ASPGF) ("Aspen"), today reported the recent sale of twenty-three (23) properties for approximately One Million Three Hundred Thousand ($1,300,000) Dollars to Crown Energy Drilling & Production
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