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Gold/Mining/Energy : Ultra Petroleum (UPL) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Atwater who wrote (4260)	8/16/1999 9:21:00 PM
From: Farmer	Read Replies (1) \| Respond to of 4851

Latest blurb from Edmonton... FRIDAY FAX AUGUST 13, 1999 FAX#158 For those who came to our last "Stocktalk Beer and Pizza Gathering" to meet amongst other stories, Michael Watford, the new President of Ultra Petroleum (T-UP) www.ultrapetroleum.com, it was interesting the response of most individuals. Taking the measure of the man most figured he was the conservative, mature type of personality that Ultra needed after years of flamboyance and over-promotion. Well he maybe the new man Watford isn't totally devoid of promotion after, all as at an oil and gas gathering in Denver on Tuesday, he attracted some attention. What we note is that he has already upped his idea of the asset value of Ultra at this time to $3.68 Cdn. All right! That has helped attract attention to the Ultra stock and what we note is that much of the buying in Ultra is now coming from American sources. When you look at who the different brokers are buying the stock, and you see three dominant Canadian brokers – they are actually fronting from for American affiliated brokerage houses. Anyway, we are a step closer to Ultra being what we hoped it would become – a natural gas play with huge assets in the U.S. in a good oil and gas market. We had expected nothing would happen until their first three holes hit depth, which is still a couple of weeks away and being development wells, they should hit. So things are happening a little bit ahead of schedule and with more wells being drilled than expected and better management, we have upped our targets on Ultra for this Christmas and next……