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Gold/Mining/Energy : RIS Resources International Corp, RIS-V

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To: Traveling Man who wrote (179)8/13/1998 6:06:00 PM
From: Hickory  Read Replies (1) of 250
 
Travelling Man,

I'm not sure whether you already know that Pennaco has its own website now.

pennaco.com

Info on it might answer some of your questions. It adds information that Scott Fraser naturally wouldn't put in a stock letter: many wells already drilled, pipelines inadequate to handle increased production, intense competition among companies for the limited number of approved drillsites, completion of EIS not expected before middle of next year.

Positive information as well. I thought it was a more informative site than those of most new gas E&P companies.

Superior management is the name of the investment game. With the management that Pennaco has and their moves so far, this looks like it might prove to be a worthwhile investment. However, with the way the market is acting, we might well be able to pick it up for much less than it is selling for now. I kinda wish I hadn't put almost all my eggs in the one basket, though I'm confident that will work out well, too.

Hickory
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