PEL - Purcell Energy Message Board

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Gold/Mining/Energy : PEL - Purcell Energy

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To: rajaggs who wrote (136)	10/5/2000 10:07:41 AM
From: que seria	Read Replies (1) of 165

Not sure PEL is yet <<Back to supplying 75 mmcf/day to a thirsty marketplace>>. Yesterday's press release referred to a nominated rate of 60mmcf/d--the same as the Sept 20 release indicated was the reduced production rate due to water. Since the water issue has been resolved, logically the "nominated" rate is temporary and we'll soon see an elected rate of 75mmcf/d. But as this PR reads, we aren't there yet. Of course, in Texas we don't use the King's English, so maybe I've missed the meaning of "nominated." This is just a possible caution flag for those investors who, like me, calculate what PEL's anticipated production (from just K-29 and M-25) will yield next year as a cash flow multiple, in order to determine how undervalued it is. Wouldn't want any disappointed expecations!

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