25,740' WINFIELD RANCH JV PARTNERS Message Board

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Gold/Mining/Energy : 25,740' WINFIELD RANCH JV PARTNERS

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To: LowtherAcademy who wrote (1324)	7/31/2001 10:14:07 AM
From: LowtherAcademy	of 1326

Here's a copy of a message posted on Stockhouse. FWIW: I was told that the logs were not adequate and that they needed to be better in order to know where the best payzones would be. The casing also needs to be inspected better and might need to be relined before acceptance. No $$$ figures were discussed but the lawyers are back in New York discussing the amounts. Will know more on Friday. Finishing costs will be at least $2.5 million for the juniors and the well could be up and running after takeover within 30 days. The groups not able to fund their share will be set back 400 % of the their cost. THE has set up financing for their share. Seems like everything is set to finish this thing. A little more patience as it looks like this well really is going to go into production and the companies are actually doing a good job in keeping their costs down with a higher probability of success.

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