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

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To: R.A.K. who wrote (168)5/9/1997 4:52:00 PM
From: R F B, Jr.   of 188
 
RAK :

What kind of research did you do prior to becoming a shareholder in ROR?

They have oil in Estero #1. Over 4K barrels of oil per day based on what I'v read. More info is needed on the reserves here but they have oil.

Other questions abound however, like how much of this oil is ROR's. Don't believe this question will be answered for quite some time. Recently received and reviewed HEC's 10Q and it clearly states Ecopetrol can back in whenever it wants to by simply paying 50% of the well costs. It also states that Ecopetrol's share increases to 70% after 60 mbo are found in a field. This is cumulative for a prospect such as Alcaravan (Palo Alto) where ROR is currently involved with HEC.

Maybe you should sell your stock and obtain the necessary information before you spend your cash. Or maybe just put your cash in a cd and watch it evaporate before your eyes.

I'm tired of this Bre-X crap.
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