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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: VIP Condo who wrote (127)4/29/1998 11:39:00 PM
From: Joel W. Grothendick  Read Replies (1) of 355
 
Hi Condo,
I've read and reread the release very carefully and indeed as I pondered it I believe there's more to it than meets the eye...and
then some. Ihmo, things are progressing better and faster than
they are letting on.
>On data generated from the test program to DATE, Mid-Con estimates
that 0.5 TCF has been proven in the project.< I believe these estimates are low, and that much better numbers are coming soon, in
the near term as well as the long.
>Mid-Con believes it will require approximately US$25,000,000<
Joel believes that they already got the 25 mil lined up and are
just waiting for the C,G,& A report.
If we can get through the next phase we should be able to grow into
a very large producer relatively quick. The numbers that Mid-Con projects would make this easy......If we got the goods and the economics.......Which I think we do.
I will continue to increase my pos on the current weakness, which
I don't think will last all that long.

See ya on the offer when we're close to $20<vbg>,

Joel
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