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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Sharp_End_Of_Drill who wrote (79072)11/15/2000 12:32:52 PM
From: jim_p  Read Replies (1) of 95453
 
News release is out on SMOP.

Excluding one time bankruptcy charges, SMOP is now selling at 1.7 times 2000 cash flow, with a leverage of only 28%. Production declined less than 1% from 2Q while in bankruptcy, and the best news is it's about to be sold. Soon to be over $5.00. Leverage is lower and cash flow is higher than my estimates.

Jim

Southern Mineral Reports Third Quarter 2000 Results -- 11:34 AM EST

HOUSTON, Nov 15, 2000 (Canada NewsWire via COMTEX) -- Southern Mineral Corporation (OTC Bulletin Board: SMOP.OB) today announced financial and operating results for the third quarter and nine months ended September 30, 2000.

quotes.freerealtime.com
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