Thanks Rico;
Following is from Tod C. per his request:
<<<<hris, thanks for forwarding Blitz RB post. Eventhough. Blitz and
others have provided an understanding of the fair market value of
the reserves, there are a few things that must be pointed out.
1) Blitz gave fair market value on the coal and coal bed methane
reserves on the 2600 acres only. Stagg will provide available oil
and/or natural gas, and other resources available for exploitation.
The Stagg reports will be ongoing. The land has been prioritized
initially and will be re-prioritized when reports come in. The most
profitable properties (those that will bring revenue the fastest) will
be exploited first.
2) The calculations I had done and posted on SI were for the 2600
acres and extrapolation on the 8000 acres. My calculations did not
include oil, natural gas, or other resources. MTEI will exploit all
resources within the letter of the law. MTEI has more land now
and in the process of acquiring properties and companies outside
of West Virginia. The rumored Texas deal is potentially huge and
could make WV a much smaller piece of the pie.
3) Eric Deaver (bless you) has continually shown the significant
natural gas reserves in WV and specifically the counties in which
MTEI has property.
4) After talking with Jack briefly last week, MTEI is receiving deeds
]daily and my best guestimate is that MTEI now has more than 10600
acres in WV and is planning on acquiring as much as possible while
prices are low.
5) Bob Ulrich (bless you) has indicated the cost savings of MTEI's
stated methods of recovering the resources. From my conversations
with Jack and Winston (the grease out of the ground guy), MTEI will
have considerable savings based on these new technologies. Combine
that with the extremely low G&A, and MTEI will be more profitable
than any of the "larger" O&G companies that MTEI keeps getting
compared to. Let's make sure others are comparing apples to apples
when making company comparisons.
6) Jack, Winston, and Quentin Moore all have excellent reputations
for finding reserves. Contractors and joint venture partners are willing
to make deals with MTEI to be a part of the profits, even working on
the come where the contractor covers most drilling expenses for a cut
of the profit. Think about that scenario and how it can add income toMTEI much
faster than if MTEI was directly in charge of ALL thedrilling/pumping on ALL the
properties. Remember, there's only so
much manpower available at the MTEI corporate offices right now.
7) I can't stress enough what a coupe for MTEI getting Richard is. Both
Jack and Winston were giddy when talking about Richard.
8) The addition of an in house IR person will free several hours of Jack's
time from investor phone calls. Now he can focus on generating profits.
9) Jack, Winston, and Quentin are creating something HUGE and would
not put their life, reputation, and energies on the line if they weren't
dead serious about creating tremendous profits from their endeavor.
Each has a stellar reputation in the O&G industry that opens many doors
for MTEI.
10) For all those that worry about the future profitability of MTEI:
Jack and Winston did not put everything on the line to lose money.
They've been in the business long enough to know EXACTLY what it
takes to generate profits. They are EXTREMELY smart O&G guys and
any kind of negative speculation about the future MTEI is absurd.
MTEI will reward shareholders.
11) MTEI has no debt as land was paid for out of the restricted shares.
Jack adds laughingly, "Cash flow is not a problem."
I did not invest in MTEI based on a newsletter. I've talked with Jack,
Winston, and Quentin and many others that are familiar with the
industry. I believe these people and their reputations more than any
stock newsletter, paid shill, or person who posts hundreds of negative
posts on a stock they don't own (geez, get a life).
I am Long and Strong on MTEI and sse it as an undervalued gem!!!!!
Have a profitable day,
Tod>>>>
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