Western Logic Resources WLT-VSE $$$ Message Board

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Gold/Mining/Energy : Western Logic Resources WLT-VSE $$$

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To: Bruno who wrote (9)	5/27/1997 4:43:00 PM
From: keith massey	Read Replies (1) of 112

Definitely looks like something is up. The cross of 1.3 mill smells like a upcoming promotion. I am trying to figure out the potential profits they have, but I can't figure out what share they have of each well, and what money they have to spend. I got this from the company breakdown but cannot figure it out. Can someone please put it in plain english. Sorry I am new at oil/gas stocks. Thanks in advance. Pay BPO APO Lands Encumbrances Peacock Oil & Gas Properties: 0% 0% 2.25 % 2.25 % Electra (Farmor): 0% 0% 6.375% 6.375% 12.5% Lessor Western (Farmee): 15% 15% 6.375% 6.375% 7.5% NCORR 15% 15% 15% 15% 20.0% Project costs: Land and Seismic Equalization: $93,750 Can. Well Cost: Total Western D&A: $3.5MM Can. $.525 MM Can. Complete: $ .7 MM Can. $.105 MM Can. Total Cost: $4.2 MM Can. $.630 MM Can. Cost of Well: $1.5 MM Cdn Farmin Terms: Pay BPO APO Encumberances Western et al. 100% 80% 80% 12.5% Lessor 7.5% ORRI Project Costs: Land Cost Equalization: $959,000 Cdn Well Cost: D&A: $1.5 MM Cdn Complete: $ .5 MM Cdn Total Costs: $2.0 MM Cdn BEST REGARDS KEITH

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