NPEC...MAJOR short squeeze Message Board

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Microcap & Penny Stocks : NPEC...MAJOR short squeeze

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To: Lance who wrote (19)	9/7/1996 1:16:00 PM
From: Jerry Keba	of 114

Lance: I agree Dave is quite baised but he must be truthful - correct? He, unlike the rest of us, puts NPEC, and himself at risk (legally) if he is providing false or misleading info.. The news releases must be true as well - correct? The only reason I say this is that he is the most credible person I can get info from so that is what I am baseing my personal decisions on. Here is the info on NPEC's oil: NPEC released its news of its acquisition of the 300,000 acre oil property in Ecuador. Reserves estimates: In place: 1.2 billion barrels Produced: 120 million barrels Proven: 16 million barrels Development: 48 million barrels Exploration: 82 million barrels Infrastructure: 628 active wells Gathering system Separation and storage facilities Gas Plant Refinery only 12 miles away Pipeline to field Major port within 90 mile The percentage share of the net production attributable to NPEC would be 1200 BOPD or USD $24,000 per day gross revenues. Financing requirements for phase one are in place and the rehabilitation project is underway. Reserves from oil production are currently being realized retroactive to July 1, 1996. Regarding Don - I don't think he'll be in any hurry to get back to NBR any time soon! JKeba

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