Teton Petroleum (TTPT) -- Russian Oil Message Board

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Gold/Mining/Energy : Teton Petroleum (TTPT) -- Russian Oil

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To: forecaster who wrote (23)	5/12/2002 2:56:50 PM
From: Ed Ajootian	Read Replies (2) of 115

It was disappointing to hear that the remaining wells will take 60 days to complete vs. the 1 month that had been mentioned in the earlier release. Not sure why it is taking so long to complete these wells. The #601 & #602 were drilled from the same surface platform as the #600 was. I would have expected them to keep the same completion rig going and complete the last 2 once they got #600 completed. The 1Q 10QSB is due on Wednesday but I wouldn't hold my breath waiting for it. Odds are it will be extended and eventually will get filed a week or two later. It would be nice to get this filing behind us since this would mark the last quarter in the company's history that it does not generate at least $1 million in revenue. From 2Q on out, revenue will easily exceed the magical $1 M mark. It is not totally surprising that $.50 is turning out to be a resistance point, due to the massive amount of warrants that have been issued at that strike price. Although we will probably remain in this funk until the 1Q SEC filing is made, these prices are not gonna be around much after said filing and thus I would be loading up the truck any time the ask dips under $.50.

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