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: jhild who wrote (3761)	6/25/1998 6:20:00 PM
From: V$gas.Com	Read Replies (1) of 11684

From what I understand, they are looking for additional reserves, or new reserves behind pipe. If there a virgin pressures, then the well could possibly flow for awhile. If not, a pumping unit would be installed. Used pumping unit would cost approximately 10k to 25k, depending on condition. The wells could possibly have existing pumping units already on them. A one run log will cost approximately 8k to 12k per well. Secondary recovry could possibly use steam injection or gas injection. But, I do not believe they are looking for secondary recovery types of fields. I expec they are looking for overlooked reserves behind pipe. Regards, bob

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