MTEI - Mountain Energy - No BASHING Allowed Message Board

STOCKTALK

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 0.00360

-20.0%

Jan 26 12:07 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: V$gas.Com who wrote (5626)	7/21/1998 9:13:00 AM
From: eric deaver	Read Replies (1) of 11684

Here is yet some more evidence that there is great money to be had in natural gas production in west virginia. This link: eri2000.com Is the home page for Equitable Resources (big producer in wv and appalachian basin). Download their 1997 10-K (takes about 25 minutes) and look on Page 38 for the financial results from natural gas production. They are showing an operating income of 28% of revenues. Not too shabby. But here is the best: statoilenergy.com StatOil (used to be Eastern States Energy Group (old longs may remember my discussing them as successfully going after properties abandoned by the majors in WV). In exploration and production they have operating income of a whopping 47% of revenues. BTW, it looks like $2.80 - $2.90 / scf was the going rate for natural gas in 1997 in west virginia. Bottom line - if these Stagg reports show substantial natural gas reserves, we are looking pretty in WV. Infrastructure is already there. Three major pipeline companies bidding up the price. Big storage areas nearby (PA & NY). And a ready made market up the east coast. Gettin' "Jacked" Eric

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next