International Rochester Energy Corp. (V. ROH) Message Board

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

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To: Ed Ajootian who wrote (178)	5/12/1997 9:39:00 AM
From: R F B, Jr.	of 188

Ed : HEC as well as ROR got an initial boost out of Estero #1. I was a bit confused and amazed at this at that time due to the expressed small nature of the reserves at this site. 4,000 bopd but for how long? One well would take over 41 years to remove the oil if the total field is 60mbo. I would like to see the estimated reserves of 60 mbo updated to 2 x or 3 x estimated much the same way Torcaz will be when the dust settles. That initial boost has subsided to leave HEC and ROR both at current depressed and undervalued levels. Regards, RFB

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