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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: PuddleGlum who wrote (16556)3/25/1998 9:00:00 PM
From: Big Dog  Read Replies (4) of 95453
 
<<OT -- as usual for me>> Anyone here follow UHCP (United Heritage Corp.) This is a strange little company that raises beef (lite and low-cal and sold in over 100 stores in CA) on top of the ground and find oil underneath the ground...only 300 feet under the ground. (That is not a typo...300-ft.)

Reserve estimates are at about 100,000,000 bbls. Plans are to drill a few thousand of these small wells on the spread.

The beef sales are zooming and if this oil thing ever starts flowing, this could be an interesting stock. I bought some yesterday at 1.25. I'll just stow it away and look at it again in a year or so.

Just thought I'd see if any there are any other gamblers out there on the ride with me.

bd
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