SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.00400-14.9%Nov 18 9:31 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DG Cruise who wrote (2909)6/22/1998 3:53:00 PM
From: jhild  Read Replies (3) of 11684
 
Did you get a chance to call Stagg? I have been told that he is on vacation until July 1, so I guess there can not be any resolution of reserve values at least until then.

So any ideas on the mysterious moving number of acres claimed? The initial release says 1,300 owned under fee, which I read to mean "leased" and 1,300 acres of mineral rights. Now this wouldn't mean they were the same 1,300 acres, I hope. But anyway they say over 30 parcels. Now that is a real puzzler. We're talking 30, 40 and 50 acre plots here? Normally you don't go wildcatting without tying up the adjacent mineral rights, so having them spread over two counties is not promising.

Then we have the Press release that says they have had an offer to purchase 8,000 acres accepted.

Days later, we see that they own 20,000 acres. But there is no announcement. How did this little bit of acreage squeeze itself in without being noticed?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News