Western Logic Resources WLT-VSE $$$ Message Board

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

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To: keith massey who wrote (11)	5/28/1997 2:32:00 AM
From: Bruno	of 112

Something is up on WLT! The transaction that took place at .19 (1.3 million shares) brings in some heavy hitters and the stock is now under heavy accumulation! As for your confusion about my numbers I put in...wow, I didn't realize they turned out so poorly. What the numbers mean are that if we hit in Colorado at, say 1000 to 1500 barrels/day WLT will get 15% before pay out (BPO). This would give them 150 to 225 barrels/day and the potential there could see 20 more wells. In Long Valley its a potential of 750 barrels at perhaps 30% when all is said and done. They are meeting with other companies to get a few farmin partners and retain approximately 30-40%. Hope that straightens some of your confusion out. Regards, Mike

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