USEG - U S Energy Corp. Message Board

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Gold/Mining/Energy : USEG - U S Energy Corp.

USEG 1.120

+0.4%

3:58 PM EST

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To: Captain Jack who wrote (1)	10/8/2000 11:47:57 AM
From: Larry Brew	Read Replies (1) of 98

CJ, I bought 1500 @ $2, then another 1000 @ 2 1/8. I expect to be sitting on them for awhile. No plans to add or sell. If they pump into some strong methane reserves in the coal areas of Montana and Wyoming, pass some strict regulatory problems in Wyoming,(Montana is O.K.), they will take off. Currently they're dumping all their resources into this strategy. They picked up 3 million from a uranium mine settlement giving them a good cash start. Out of gold. It's my understanding the methane needs processed through water to make it commercially feasible. Wyoming likes all water pumped out of the ground to go back down. A cost consideration. Same crap here in Colorado. Some natural gas companies are already selling methane for fuel from waste. As propane and natural gas prices rise, the cost effectiveness of methane will grow stronger. Soon we may be selling farts. :-). I picked up a little HCDC at 2 1/8 Friday since I brought up the subject of farts! Larry

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