Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Donald Lickman who wrote (4552)	12/23/1999 1:39:00 AM
From: Hickory	of 4851

Donald, Are you serious, or was tongue firmly planted in cheek? What, pray tell, are "1997/1998 insider reports??? And how would they indicate what current cash flow is? I know I'm thick-headed, but would still appreciate some enlightenment. If I am not mistaken, reported cash flow for the past quarter was actually LESS than UP's percentage of drilling and completion costs would have been if these had not been paid by its partners as part of the land deal. That would seem to indicate that when UP soon has to start paying its proportion of drilling and completion costs, its cash flow will likely return to negative. Merry Christmas to YOU! Hickory

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