Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: upultra who wrote (4622)	6/14/2000 2:18:00 PM
From: Gerald Atwater	Read Replies (2) of 4851

If this were a cave and I were to shout, what would I hear . . . a resounding echo. Where in the world is everybody! A year, two years ago we were opining and fulminating and conjecturing, now -- nothing. And yet Ultra is on the verge of showing the promise we all hoped for back then. Soon it will begin drilling its new locations in Jonah, financed through a loan that puts the bulk of the production revenue in Ultra's coffers. In fact it's my understanding that each of these new wells could pay off drilling expenses within a year! And there are 22 locations! And Jonah is not restricted to a mid-November winter deer range closure. The current (and foreseeable) value of gas along with a newly and successfully restructured company just makes things look very upbeat. And all this without mentioning the Anticline, the seismic there, and hundreds of possible wells with the Record of Decision there due in about three weeks. And with all the speculation and hype out of the stock I think year-end will see the price a lot higher. Any opinions? Please. Gerry Atwater

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