Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Gerald Atwater who wrote (4647)	6/22/2000 5:41:00 PM
From: Hickory	of 4851

Gerald and Little Joe, A very rough estimate, used, I believe, by Key West Energy in its latest press release is the value of sales at the wellhead, minus all costs, including depletion allowance, royalties, etc. etc. of the proven reserves plus half of the probable reserves, discounted 15% annually over the life of the reserves. Hang in there. May yet see Ultra reach its potential. Hickory

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