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Gold/Mining/Energy : Panaco Corp (PANA) -- Ignore unavailable to you. Want to Upgrade?

To: Author51 who wrote (30)	1/26/2000 6:30:00 AM
From: Ed Ajootian	Respond to of 115

Psycho, Sure would be nice to get some news on that next Sturlese well at Price Lake. Any idea when that one will be hitting total depth? I believe it was spudded in early November. Just got their investor's pack and much to my surprise it did not contain the Wall St. Transcript interview Larry did in October. Also it had the 2Q 10Q in it, not the 3Q one. They need to do everything they can to present a good face to potential investors; it is disconcerting that they are slipping on some easy things they can do. I believe once the stock gets back to $1 they will get some analyst coverage. Hopefully they will be ready to deal with the onslaught of information requests.

To: Author51 who wrote (30)	2/19/2000 1:34:00 PM
From: Ed Ajootian	Respond to of 115

Psycho, IMO you have made a huge mistake in lowering PANA down to a "Buy". Most of the additional loss announced for 4Q was a non-cash writedown of their oil & gas properties. For the multitude of PANA fans out there, here is what our Psycho buddy put on his web site the other day: <<Pop's Notes: I was asked why I downgraded to BUY.....Several reasons.....The greater than anticipated loss was less than appealing to me.......Reserves are great, BUT pump some Oil, sell some gas, and make some $$$$!!!!!!>> <<Price target: $2.75 in 6 months------$4.50 -- 1 year>> I am going in exactly the opposite direction that you are. I have followed PANA pretty closely for about the last 4 months and only now am getting real excited about it. Let the record show that the current price is $.705. I bought some more of the stock at that price on Friday. I believe you should have waited until they announced this next well they are testing, which is bound to be a huge producer (10 - 15 mmcfd). If in fact this well comes in at this rate I believe we will be looking at a $.80 stock easily. This is why I love investing in these tiny O&G microcaps. If you are knowledgeable about the O&G business you can clean up.

To: Author51 who wrote (30)	3/6/2000 8:58:00 PM
From: Ed Ajootian	Respond to of 115

Psycho, Sorry to see you close your site. You could have made it into a business, took it public at Psycopop.com (ticker PSPP), and become an overnight internet millionaire! Are you still following this turkey? PANA Thinks It'll Earn $1/sh Cashflow in '00 now that they hit this well. Did you check out the Presentation on their web site? It shows that they are projecting cash flow of $24.7 M, and they have about 24 M shares out. With $32 oil and with PANA producing a million barrels of that stuff a year, I believe this goal is acheivable. All it takes is one institution to take a liking to this stock at the conference and the stock will blast up to the $1.25 mark. I bought a ton more stock today @ an average cost of $.83. Will be in there bidding it up again tomorrow, up to $1, as long as the market is stupid enough to let me. Now that we know this Umbrella Point well is good, I feel the stock is a better buy at $.90 now than it was at $.70 before.