International Rochester Energy Corp. (T. ROH) Message Board

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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH)

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To: Ditchdigger who wrote (206)	12/2/1997 9:54:00 PM
From: Ed Ajootian	Read Replies (3) of 934

DD, No problemo, this kid's gonna pull through like he always has. Thanks for letting me know about the web site. Gotta get to the bottom of that with Marshall sometime. Seems like he's earning his keep these days. Called him today and he was on the line with two people already on hold! Actual shares out are 8.7 mm. The 14.2 mm figure I always throw around is the fully diluted figure which is more meaningful IMO. Since you've been so good to me I'll now tell you what news I got from the bug I had placed in the Harken conference room where they met today to discuss the latest Palo Blanco plans with their partners ROH and PKC. <am I g'ing or not?> <gg> The word is the rig for the next Estero well is being mobilized AS WE SPEAK and they could spud next week, maybe as early as 12/10! With HEC's stock getting creamed as much it is, it would be a pretty good bet that Mikel will try to rally the troops and will play his ace in the hole at such point. That is, in the release announcing the spudding, he could also release the info. about the petroleum engineering firm's study re: the potential for the prospect overall. Once the market hears that these wells could do 10,000 bbls. a day the stock will light up like a Christmas tree, you watch. They still are on schedule to start trucking out some oil from the Estero #1 prior to year-end. They are shooting for an April completion date for Stage 1 of the pipeline. At that point it would seem that both Estero wells could be tied in. Somethin' tells me Fast Eddie wimped out a week or so too soon on this one!

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