Nevtah/Tower Oil Intl.- NTAH Message Board

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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: BHighley who wrote (2515)	7/24/1998 10:24:00 AM
From: JackT	Read Replies (2) of 3817

As it was explained to me a couple months ago (I don't remember date as I am at work and my notes are at home) , NTAH had about 2.2mil in Capital ear marked for the Matagorda drilling, but when the stripper well opportunity arose with PAMCO then NTAH management adjusted their game plan to get started on the stripper well technology with the 2.2mil ( NOTE: the 2.2 is from my memory, but I am sure it was over 2mil) and negotiate a joint venture for the Matagorda lease. I realize that 2.2mil won't finance all the 5000 stripper wells that NTAh projects to put on line in the next year but it should be enough to get a good start as the wells will generate revenue as they go on line. I don't believe that the 2000 wells recently discussed are wells that NTAH plans to own, but another Company wants to use NTAH technology on (for a price of course). This type of transaction would help finance ntah own wells. This is just my opinion.

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