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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: John Doyle who wrote (55778)	12/1/1999 2:47:00 PM
From: ldo79	Read Replies (2) \| Respond to of 95453

Burn those lights! Wednesday December 1, 1:52 pm Eastern Time Company Press Release SOURCE: Detroit Edison Detroit Edison Sets Winter Peak Demand Record DETROIT, Dec. 1 /PRNewswire/ -- A strong Southeastern Michigan economy and festive holiday lighting resulted in record winter demand for electricity by Detroit Edison customers on Tuesday. The record, 7,857 megawatts (MW) of electric demand, was reached for the hour ending at 7 p.m., surpassing the previous winter peak of 7,807 MW set on Dec. 23, 1998. Detroit Edison customers typically demand the most electricity in the hot summer months when air conditioners are operating. The utility's overall record peak demand is 11,027 MW set on June 27, 1999. SOURCE: Detroit Edison Regards ldo79

To: John Doyle who wrote (55778)	12/1/1999 6:00:00 PM
From: dfloydr	Read Replies (1) \| Respond to of 95453

John, I hold all three of those ... TMR, RRC & MEXP with red ink next to each so far. I posted the following on the Yahoo/MEXP thread earlier: Yesterday we had a good talk with Mr. Miller. I came away with the feeling that this stock is not reflecting their situation fairly. So I bought more this morning. Nothing confidential was disclosed. It was just that I came to have a better feel for their relationship with the Bank of Montreal and the assortment of drilling activities going on. You might say some of my fears went away. 1. BOM: this thread has taken a very jaundiced view of MEXP's deal with the BoM and from the cold disclosure documents that is easy to understand, particularly given that the interest rate they are paying is fierce. The rest of their deal seems to be working well and talking to Mr. Miller you do not get the feeling that this is a hostile relationship. In fact it is working out quite well. MEXP's cash flow has allowed them to pay off their December payment early (11/22). The $4mm due at the end of January was moved to January from the originally requested December date as that fit MEXP's cash flow better. There were other anecdotes, but, in sum, they are working together in a good businesslike way. The present deal runs through early next year and there is time to either renegotiate or replace the present bank lending. Those options will be explored after some of the present drilling results are in hand. 2. The drilling is moving along nicely. I noted a ton of details, but the net of it is that there are several very good prospects and several opportunities to come in with some very good news. The relationship with Remmington was discussed and it apparently grew very nicely out of the fact that they and MEXP have some adjacent acreage. That meant that Remmington knew what MEXP was after and felt comfortable signing on to a deal that meant drilling all the prospects, rather than drilling one with the rest on the come. I'll review my notes and see if there is anything more worth posting.