Midland MRIX, MRIXZ Message Board

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Gold/Mining/Energy : Midland MRIX, MRIXZ

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To: CKramer who wrote (22)	6/22/1997 10:56:00 PM
From: Ed Ajootian	of 32

CK, Glad to see you are still following these guys. If I may ask did you ever buy the stock? When you say "final well" are you referring to the fact that this is the final field delineation well and that the remaining Fusselman wells are all infills and step-outs? For all the multitudes of MRIX fans out there (don't all speak up at once), Chuck Strain just put out a new report on MRIX, where he pegs a current break-up value of $7.50 and says that even if they just have 50% success from here they should get the break-up value to $8.57. With 100% success the BU value would be $10.50. So at $5 this is a solid growth stock 30 -- 40% a year growth written all over it, and a possible double in two years. We should get an early clue as to how this latest Fusselman has done by the stock price movement this week. I understand it is supposed to hit total depth this week.

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