Neutrino Resources..Good Cash-Flow.. Message Board

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Gold/Mining/Energy : Neutrino Resources..Good Cash-Flow..

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To: Gulo who wrote (18)	6/20/1997 2:13:00 PM
From: Richard Saunders	of 45

Andrew/ as indicated before, I'm currently shooting with limited info. (news releases). When "full package" arrives I will be taking a closer look. About the indicated "avg." $20.58 number I tossed out - don't confuse it with the West Texas Intermediate (WTI) price quoted in the media, etc. That price is based on what's happening at Cushing, Oklahoma and is really just a benchmark. How an individual oil/gas producer obtains a price at the wellhead depends on a bunch of things (many which are beyond where I'm currently at). Another good benchmark to keep in mind is the TSE Oil & Gas Producer Index - the symbol is TI0300 on Stockwatch. Back to NTO - as mentioned, I haven't probed deeply or talked to co. (yet?) but one issue I likely plan to explore is the issue of declining production in horizontal development wells. Not sure if the issue applies to Neutrino but may be worth a look. I do agree with you that there is the possibility of some exploration premium if the planned drill program hits some good wells. To date NTO has seemed to have grown primarily based on the merger/acquisition route. Some exploration success will be good for NTO and provide fodder for "selling the story" (promotion?.... for you goldentouch :-) ). Bottom line - imo stock looks interesting but, at what price?......... that's what makes a market.

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