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Gold/Mining/Energy : mxp (mesa Inc)

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To: Ron Schipper who wrote (231)	4/7/1997 9:16:00 AM
From: George Mc Geary	of 394

You don't have a vote. Rainwter is the largest individual holder of shares, with Pickens right behind him. Don't you think they were consulted and are in favor of the deal? I feel that they might just about have a majority on the inside circle of influence. Our only salvation is that PDP may go back up to around its high of $37.625 and the ratio of loss may lessened. We can only hope that the new shares of Pioneer after issue will go up and cover our loss. They also said the deal was off if Mesa Drops below $5.00 a share. Think they expect PDP to increase in its value by virtue of the undertaking of MXP. The 1/7 brings the price to $4.25 or so. I will be out of my stock before it gets below $5.00, if I have a chance today! Guess if you get a chance you should short MXP and buy $30 options on PDP. After I post this I will look up PDP and see if they even have any options.

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