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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (3279)	1/26/2000 12:55:00 AM
From: SuperValu	Read Replies (1) \| Respond to of 4792

Wayne, bought CHEX a few days ago. Looks promising to me. I own at .875. CHEX Info . . . Shares Outstanding: 40.2 million Float: 18.7 million 1.) The company's 3D seismic database is the envy of many bigger players and carries an estimated value of about $40 million, which is greater than Cheniere's current market cap of $24.6 million! 2.) Cheniere's resources are positioned to quickly capitalize on the lowest jackup dayrates in several years. Current jackup dayrates are around $14,000 and Cheniere's CEO, Michael Harvey plans drilling as many wells as the company can until jackup dayrates reach $35,000-$40,000. The company has a window of opportunity of 12-18 months to take advantage of the low jackup dayrates and as a result, it plans on sinking a well per month, a spirited pace for even a much larger company. 3.) Cheniere has assembled a top-flight management team: Charif Souki, Chairman: MBA, Columbia University, financed the prospect generation and initial exploration of the East Lost Hills Prospect discovery in Bakersfield, CA; which could potentially be a world class natural gas find. Walter L. Williams, Vice Chairman: 32 years with Texoil, Inc. as co-founder and ultimately Chairman and CEO. Michael L. Harvey, President, CEO: Served as CEO of Gulfstar Petroleum and Gulfstar Opearating Company. Ron A. Krenzke, Executive Vice President - Exploration. Mr. Krenzke is very well known in the industry and has held various technical and management positions at Mobil Oil, Texas Eastern, Monsanto Oil, and Amerada Hess. 4.) Cheniere is focusing on the Gulf of Mexico, which is a proven region with high success rates. 5.) The natural-gas rigs in the Gulf tend to be quite productive in their first year. The company is right on schedule for its busy year. Over its three-year history, the company secured roughly $35 million of financing and everything is in place for an exciting year. On November 9, 1999 Cheniere posted third quarter revenues of $421,268 from a partial production in September. The company is also currently in discussions with industry partners for joint explorations that should prove very beneficial for all parties involved. Fourth quarter revenues with full production are expected to be substantially higher. Fund buying is expected early in February. Information received from a source deemed to be reliable. SV