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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: Greg Burton who wrote (41)2/25/1997 12:51:00 PM
From: R F B, Jr.   of 188
 
Greg :

I just got off the phone with Jerry Berman who acknowledged speaking to you....(He brought it up not me)... What a small world. Mr. Berman confirms what you said relative to debt and cash in the bank as well as ROR and PKC 25% interest in this project with HEC.

Jerry did confirm my suspicions that if oil is hit, ROR will be a double. Go from $0.44 to $1.00. Believe this is what I said over a week ago. No one can be sure because it is not known how much oil will be found.

Jerry also made an interesting comment on HEC. He believes they have 1 billion barrels of oil. Don't know where he got this information and you all can give it any weight you feel comfortable with.

Jerry said results of drilling should be in in about 4 days.

RFB
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