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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: Ditchdigger who wrote (157)4/19/1997 7:24:00 PM
From: Edward J. Smith   of 188
 
Gentlemen:

The information I have is that drilling in this area of Columbia is only feasable during the first quarter. After that the area is too wet to drill or to do much trucking, as the roads are under water. I doubt that ROR is getting much oil out of Estero #1 and the area is probably on hold till after the rainy season. I believe there is a pipeline not too far away, and that is the route the oil will be taking to make this well profitable.

It is my understanding that more wells will be drilled here, but not till probably next year.

I don`t own ROR, but am in HEC. If you want to know about this prospect, go over to the HEC thread and look for Raymond F. Ball Jr. He seems to know more about this than anyone else I have seen.

Good luck to our friends at ROR.

Ed
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