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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Donald Lickman who wrote (4171)7/7/1999 5:34:00 PM
From: Gerald Atwater  Read Replies (1) of 4851
 
Donald, didn't you know? Mark Jarvis isn't pumping. He's selling plots in his Vertical Cemeteries. Please do pay attention, Donald!

Actually, hopefully, drilling will begin next week. Apparently delays ocurred when Questar exercised its right to match the Anschutz offer on some of the Mesa acreage. Perhaps that will mean that not only Ultra but Anschutz and Questar (or their subsidiaries) will also be drilling Anticline wells. I believe Ultra would get an interest in each. Less than without Anschutz or Questar but for more wells than Ultra alone could do (if it had the money, which it didn't!)

And if Mr. Watford is making the rounds of the brokerages and getting out the Ultra story and those talks gradually bring about more interest and excitement and ultimately a much higher share price, then the wait will have been worthwhile. Sinking a couple of wells wouldn't hurt. Soon. Please.

Gerry Atwater
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