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: Ditchdigger who wrote (3366)	1/10/1999 1:15:00 PM
From: JW@KSC	Read Replies (1) of 3817

Re: have you seen gas prices lately? Do you expect them to go ahead in Matagorda? I expect them to drill a well at Frio sands at about 12,500 foot depth first, and monitor the well for several months. So yes I expect them to go ahead in Matagora. With just their Oil & Gas Nevtah has a great potential IMHO, but let us also remember in the United States alone there are over 400,000 stripper oil wells actively pumping and producing about 1 million barrels a day, which constitutes about 17% of total U.S. domestic production. In addition, there are approximately 900,000 abandoned wells and more are being abandoned that have been producing but are just not profitable with present methods. Nevtah's stripper well technology should have a major beneficial impact on the U.S. domestic oil industry, as well as Nevtah itself. JW@KSC

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