MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: Blitz who wrote (3243)	6/24/1998 9:59:00 AM
From: eric deaver	Read Replies (3) of 11684

Review for the newbies - and not bad for the oldbies either- It has been suggested that MTEIs properties have little producable quantities of oil, gas or coal. I am here to tell you that any person who suggests this is misleading you. The fact of the matter is that no one (NOT EVEN MTEI) KNOWS what the size of the "proved reserve - under EIA-23" will be after Stagg is done. off-subject a little here - if you have not yet read it go read Estimation of Reserves & Resources - provided yesterday. I would like to start using some of these industry terms in our discussions. Also it will leave the bashers behind as they will not do any DD. - Back on subject. For every negative innuendo, I have posted real data that suggests that at least in the counties in which we know properties are located (i.e., Raliegh, Lincoln, Kanawha, etc) there is a great deal of oil/gas and coal in very producable quantities. Additionally, while it is very true that the majors have for a large part pulled out of WV, it is also true that they have pulled out of the whole lower 48 for a large part. Additionally, it is a known and well documented FACT that as the majors pulled out, independent (such as the folk at MTEI) have pulled in and picked up production - profitably. This is particularly true in WV. Bottomline is that far from suggesting that these properties are worthless, the known data SUGGESTS just the opposite. Are there unknowns - wouldn't be a PENNY STOCK without unknowns. But once again the cards are IMO stacked in our favor. FWIW, I still like the concept of averaging down and like the BIG negative response the idea got last night. Kind of proves my point. Will post some more DD today and will re-post some of the supporting links for the issues raised above. Keep the faith and let this baby develop. I know I won't be disappointed. Eric

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