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INTERESTING INFO....
Hello Everyone....This long reading...But Blackie E-mailed me and ask that I post this for him...So, it sounds good....Let'ssee what tomorrow brings.....
GIN
Subject:
Fw: Conroe and more ! ! !
Date:
Mon, 16 Feb 1998 14:56:46 -0600
Hello Ginny,
Sorry to be bugging you guys all the time, but this one
is about a press release we should see in the morning. And I wanted to
make sure the thread is aware of it, just in case someone wants more of CSMA, before it hits the wires. Thanks Blackie aka Guiterzaan
----------
> First of all, I tried to locate the wells in Conroe last week,
but
> to no avail. So, I came home and thought about it some more. Enjoyed
the weekend (hope everyone else did too), and this morning decided to call Mike Millis. Great decision. He's been getting a lot of negative calls (no doubt) so he was a little short with me at first. But, after a couple of minutes, he began to open up with the info, so to speak. There are
numreous disposal wells in the Conroe area, so there will be some competition with us, but because there are others, no problems are anticipated in getting
> approval of Coco's class V permit.
> drilling will start on schedule, and the additional ones will
be drilled, almost for sure. Now, the best, which I've strategically
saved for last. <gg> We will have a press release tomorrow morning, which will be an update on Utah. The legislators have sent a request for any comments on the anticipated approval of their class V permit there. All of the required qualifying parameters have been met, all sides have been heard from, all issues have been dealt with, and if Coconino has nothing else to add(which
> they don't), then approval is expected. When? He couldn't, wouldn't,
or shouldn't say, whichever suits you. But he did finish with an
interesting note. He doesn't like where the stk price is, any more than we do, but they have managed to operate just fine, regardless, and they will continue to do so. He also said no to a reverse split (which I ask him) to up the stk price, as he knows that the price would almost certainly float right back down as a result of such. Also, told me that if I hold my stk through this year, that I was going to be very happy. And he emphasized the word happy.
> Said that he would like to see $5.00 soon, but can wait, as it will
almost certainly get there eventually. He apologized for being short withanswers
> at first, but said he never trusts who he is giving info to on tele.
Last thing he said was 1998 is going to be a very good year for Coconino,the Government regulations are the reasons they will be able to charge so much more per barrel, and that the $5.00 projection was on the low side,but they felt totally confortable, in projecting in that manner, so as to notrun expectations too high. Seems to be their style, huh? He then took
my
#,and said he WOULD be getting back to me, as to the Conroe progress.
Hope this helps all that are still in with us, as a lot of my ?'s have been answered. And very satisfactorally, I must say. Please update
everyone,and thanks.
>
>
Blackie
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