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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Gene Veinotte who wrote (1929)	7/9/1999 2:19:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 2011

What's up, some sort of News Release is out, but haven't been able to get a copy yet. Will post when I do. Here's a couple of quick notes though. - Taylor Rigs - Oscar wants his company back and has been VERY uncooperative with the WRN side of the equation. I still believe we will wind up seeing Taylor Rigs sold!! - Majestic - haven't heard much here, except that they ran into a "cash" related stumbling block during the negotiations. Given the amount of time that has gone by, I would not be surprised to see this one go South too. I am still a big believer that at least part of the problem, has been the deal with Oscar and that it is having an effect on this NOT happening. It would limit WRN's bargaining position, if they can't effectively offer production capabilities (JMO). - Other options still being pursued, but have NOT heard anything concrete about anything in particular. Salut, Leigh McBain PS - remember the rollback was approved at the AGM, don't be surprised to see it executed if they do put a deal together. They will want to shrink the # of outstanding shares, before vending in a new venture and issuing acquisition shares.