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Microcap & Penny Stocks : DIGG - Digital Gas, Johnboy DIGGS it. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (447)	10/2/1999 9:04:00 AM
From: john	Read Replies (2) \| Respond to of 1774

Interesting news, now let's see some numbers, From the June 2 1999, Digital Gas Release, " With the successful completion of the initial tests, Digital Gas will be granted an exclusive 20-year technology service contract, which will include a percentage carried interest based on the total production of each field that Digital Gas enhances. This percentage will drop to a baseline of 10% only after Digital Gas is earning at a rate of $200 million in annual net income. " From today's release, "As a result of this visit, Digital has been granted an exclusive twenty-year technology service contract, which contains every major financial objective sought by the company prior to this visit. June 2 and Oct 1 releases seem to tie together.... I realize 200 million is not the number BUT it is one that has been kicked around before. 3 things, 1 The number is likely greater then 10 million per year net income, (worst case scene) 2 The number will grow from there to the 200 million dollar mark. 3 This thing maybe bigger then everyone thought including Digital Gas. (best case scene) In any event I believe I am correct in saying that none of the major oil companies have ever been awarded a long term contract in China. They have have all done business on a piece meal basis but have never brought home the long term contract. I certainly stand to be corrected on this one. and some filings, I am willing to bet SOONER rather then later now that this contract is in place, and I am assuming you are discussing the issue of becoming a fully reporting company, cause I am.