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Gold/Mining/Energy : Amalgamated Exploration Inc (AXPL)
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To: acell bown who wrote (17)1/20/1997 6:57:00 PM
From: VINCENT MALGAPO   of 117
 
Hi, I had a brief discussion with the engineer working with the
electrotelluric survey device and he mentioned that it works and they
have filed an application for patent. He said that the device would
mainly work in conjunction with the 3D seismic method. The 3D seismic
method would be used to locate a structure and the electrotelluric
survey would be used to verify hydrocarbon deposits which would
prevent dry holes. He mentioned that they would be providing the
service and that they are very busy and plan to hire more people. He
had no idea on how the stock traded today. I told him that the
newletter projected $1 billion in revenues for the survey device alone
and he said they probably meant a billion in revenues for the entire
industry including 3D seismic.

I'm trying the get an investors package since they have an office
here in San Diego.

Vince
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