Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: double-plus-good who wrote (50817)	9/10/1999 8:28:00 AM
From: Think4Yourself	Read Replies (2) of 95453

I took a look at PN. Potentially interesting. VERY small float. I did notice that all of their production is in the Northwest, where storage levels are significantly above the norm at the moment. That probably explains the low prices they initially got for their gas. Is that Coal Bed Methane play young or mature? Can't find production figures for them (current and expected when Fort Union Gas Gathering station comes online). Do you know where I can find that? Reviewing their 10Q strongly suggests they are severely strapped for cash. Need to read it this weekend.

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