Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Donald Lickman who wrote (4308)	9/2/1999 10:03:00 AM
From: Alan Brezin	Read Replies (1) of 4851

How's your overpriced internet plays doing this morning vs. undervalued energy stocks? I think Michael Metz will finally be validated now that he is out of the Oppenheimer Fund business. By the way, I'll answer my own question about a great domestic NG play. The East Lost Hills play in Kern County, California apparently has very deep high pressure NG reserves possibly in the multi-trillions and the porosity so far has been "no-fracin-needed great, 10-15, wow. Very stable flow! $6-10 million a well to drill and 5-6 months to drill and test however. Berkley Oil, the majority partner, is operating for the partners and drilling a second well right now. Other companies are jumping into the area and it is hot. Message 11126814

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