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

To: Gerald Atwater who wrote (4437)	10/3/1999 4:36:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 4851

Gerald, I'm familiar with the huge production declines after 2 years. After that,typically the well produces forever(just kidding). However, in my ignorance, I thought the IP would make payback possible in 2 years time. The fact that this "isn't a priority" seems like BS to me frankly. Maybe the field isn't,but the potential cashflow would have to be to a cash starved outfit. I guess I've turned pessimistic honestly,but I read into these type responses that "it ain't doing well so we aren't into talking about it". Do you? TM