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

To: Hickory who wrote (4441)	10/4/1999 12:20:00 PM
From: LowtherAcademy	Respond to of 4851

Hickory, I'm not in the best of sorts this a.m., so forgive me for taking this cheap shot. It was convenient! I have a feeling that even under Watford there still is a great deal of uncertainty about how MUCH of a future UP has. Perhaps a more accurate statement would have read: Because of Watford there still is a great deal of uncertainty about how MUCH of a future UP has. Lew

To: Hickory who wrote (4441)	10/4/1999 1:29:00 PM
From: Gerald Atwater	Respond to of 4851

Hickory -- <<Up's future may be pretty well limited to the Pinedale area.>> THAT might not be too shabby, Hickory! If you take just the area covered by the current Seismic Survey, 85 square miles, at 80-acre spacing that creates a possible 680 well locations. Halve that number and halve it again -- you still come up with enough wells to occupy Ultra for the next several years. And success with those wells will lead to a push for in-fill of 40-acre spacing . . . I for one would be happy to live with that Rosie Scenario!