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

To: LowtherAcademy who wrote (4366)	9/9/1999 1:46:00 PM
From: upultra	Read Replies (2) \| Respond to of 4851

Lew, first according to my info that the Mesa and Gemini are separate areas (Gemini is east of Mesa). Second, AOW's deals with Ultra were small deals from what I remember. (I can't confirm with my notes at the moment though) but I do recall that AOW's farm in's were not that big. The original deals required well's to be drilled before additional interests were earned which I don't believe was fully done. (I could be wrong though - can someone confirm?) Third the $200 million you mention is outrageous given AOW's small farm-in interest -- that would be like calling Ultra a 5-10++ billion dollar company. I have not seen the details of the suit but would think the general market has a better idea about the potential downside risk. Clearly the market does not see alot of downside risk. I agree that losing a suit that costs Ultra any amount would not be could, but it is premature to say that they are going to lose without the facts being presented. cheers, riker