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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject5/23/2001 10:39:42 PM
From: TallTrader  Read Replies (1) of 150070
 
MOSH (.105x.115) Mesa Offshore, 43% dividend

43% dividend paid in 2000

Distributed income per share
2000 $0.0498
1999 $0.0410
1998 $0.0206

The Partnership was created to receive and hold a net overriding royalty
interest (the "Royalty") in ten producing and nonproducing oil and gas
properties located in federal waters offshore Louisiana and Texas (the "Royalty
Properties"). MESA Inc. created the Royalty out of its working interest in the
Royalty Properties and transferred it to the Partnership. Until August 7, 1997,
MESA Inc. owned and operated its assets through Mesa Operating Co. ("Mesa"), the
operator and the managing general partner of the Royalty Properties. On
August 7, 1997, MESA Inc. merged with and into Pioneer Natural Resources Company
("Pioneer"), formerly a wholly owned subsidiary of MESA, Inc., and Parker &
Parsley Petroleum Company merged with and into Pioneer Natural Resources
USA, Inc. (successor to Mesa), a wholly owned subsidiary of Pioneer ("PNR")
(collectively, the mergers are referred to herein as the "Merger"). Subsequent
to the Merger, Pioneer owns and operates its assets through PNR and is also the
managing general partner of the Partnership.

Not a recommendation to buy MOSH. I own shares in MOSH.
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