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Microcap & Penny Stocks : STOCK OF THE DAY

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To: Wayne J. who wrote (2791)	12/23/1997 1:43:00 PM
From: CO	Read Replies (1) of 2874

News JUST came out on EMPE !! It looks like GREAT news to me !! EMPE IS ALREADY A REPORTING COMPANY. To see the full release go to : biz.yahoo.com Here is an excerpt of ONE of the key points from the release: <<The eight (8) well infill drilling program completed earlier this year in Westmoreland and Indiana Counties, Pa., has generated approximately 2 Bcf of gas reserves to Empiric's interest with a preliminary engineering value at a 10% current value discount of approximately $3.0 million, equal to approximately $.55 per share. Empiric's financial condition, after utilizing part of the proceeds from the sale of the Panhandle leases, reflects no long-term debt, no preferred shares outstanding, total liabilities of approximately $100,000 and total net assets in excess of $2.0 million, not including the final engineering evaluation of the Pennsylvania reserves or other year end adjustments.>> Cheryl

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