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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Gerald Atwater who wrote (4089)4/30/1999 4:25:00 PM
From: Traveling Man  Read Replies (2) of 4851
 
Gerald,

Let us know what you find out. Also,another thing to remember about this play is UP has a tax credit due them because this is considered
an "unconventional" fuel source. Natural gas royalties are already taxed at about 85% the rate of say interest. Add on the credits for intangible drilling credits and unconventional fuel sources and they have potential to be very profitable. In the interim,I think they need to deal some of their property for cash to get there.

TM
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