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

To: Traveling Man who wrote (4558)	12/29/1999 8:10:00 PM
From: Little Joe	Respond to of 4851

If they don't go broke first. Live long and prosper, Little joe

To: Traveling Man who wrote (4558)	12/30/1999 1:00:00 PM
From: ISPYOIL	Read Replies (1) \| Respond to of 4851

Some Busts!? Most were complete busts and the others barely marginal if that. Inital rates over 5MMCFPD will pay out well but over 10MMCFPD inital rate declines to 2 to 3 MMCFPD over a year or so and then stays fairly flat. Under 5 MMCFPD may pay out but not well. And that is before any finacing terms ie SLB deal. Of course there is a huge acreage position to explore but money will be needed or selling down UP's position. The law suits are just getting started wrt to Wyoming.