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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Traveling Man who wrote (4558)12/30/1999 1:00:00 PM
From: ISPYOIL  Read Replies (1) of 4851
 
Some Busts!? Most were complete busts and the others barely marginal if that. Inital rates over 5MMCFPD will pay out well but over 10MMCFPD inital rate declines to 2 to 3 MMCFPD over a year or so and then stays fairly flat. Under 5 MMCFPD may pay out but not well. And that is before any finacing terms ie SLB deal. Of course there is a huge acreage position to explore but money will be needed or selling down UP's position. The law suits are just getting started wrt to Wyoming.
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