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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)
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To: D. Williston who wrote (44)2/27/1997 12:08:00 PM
From: peter hogan   of 188
 
Mr. Williston: I read the reply to your post on ROR and tend not to agree with Mr. Ball. If this is a successful well and reserves are around 30 million we can see ROR at around $3.00. Mr. Ball for all his knowledge has a hard time putting a value on a start up company such as Rochester. As I said in earlier posts ROR is carried with Harken for three more targets in Colombia, they have no debt, money in the bank and are looking at other deals. Intangibles and intrinsic values are hard to put a price on but cannot be ignored. At my end I'm hearing great things about the drilling results and like a text book the market tells all.
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