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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals)
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To: jeffrey rainey who wrote (516)4/2/1998 6:29:00 PM
From: Gary Lutz  Read Replies (2) of 1757
 
Update:Spoke with Roger W. of Midland today , he has informed me the 1st df-144 plant will not startup until Sept.1st Previously they believed they could start production on April 1st,but with all the red tape of the Midland shell and the re-enginering of the 1st plant it is going to take longer than anticipated.So it looks like we will not see any revenue from the df-144 until the4th quarter of 98.They are also still doing there due dilly on the Bob West property,Roger said "that what looks good on paper and what is actually out there are 2 different animals,although they are still quite satisfied with the Bob West property it looks like it will also take longer than anticipated to put dot the i's and cross the t's.I had asked Roger if there was anyway the company could rescind on the1:35 P toC conversion,he was not quite sure on that and will get back to me on that,if anyone knows the answer to this could you please post ,would like to get confirmation on this .We also could see news by the end of the week .Hopefully this pans out as I have been told several times by the company that"news is due anytime now":.Good luck and loonngg and strong.
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