MTEI - Mountain Energy - No BASHING Allowed Message Board

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

MTEI 0.00240

-48.9%

Nov 3 10:00 AM EST

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To: Lonnie A. who wrote (7725)	8/4/1998 3:35:00 PM
From: eric deaver	Read Replies (1) of 11684

Lonnie: <<If MTEI is primarily interested in oil and gas in WVA, and if they own 1300 acres fee with an additional 1300 of mineral rights then why don't they try to sell the coal reserves that they own and sublease the coal reserves that they have leased.>> AND <<All of this information will come out when the engineering company in WVA files its report with MTEI.>> I think you answered your own question. As I understand MTEI will leave the option open as to how, when and/or if they mine the coal or other resource (or sublease it, or contract mine it, or drill on contingency, etc.) until after the reports are complete and they have a handle on what they have. It only makes sense to me. To do otherwise would be putting the cart before the horse. BTW, while we are speculating, it is more likely that any mining of the coal would occur after any potential CBM production is in place and operating for sometime, IMOO. Eric

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