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Gold/Mining/Energy : PGEI (Petroglyph Energy, Inc.) -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (12)	3/29/2000 7:15:00 PM
From: Glenn Petersen	Respond to of 14

The release was a bit disingenuous in that the present value of the net cash flows was calculated on a pretax basis. I do think, however, that there is a lot of value here and I am probably going to establish a position tomorrow. They filed a NT 10-K: NOTIFICATION OF LATE FILING FOR DECEMBER 31, 1999 today, citing the following reason: "We are not able to file our Form 10-K within the prescribed period. We are in the process of negotiating with a new lender a credit agreement that will replace our existing credit agreement. This replacement agreement, if completed, will have a positive impact on our financial condition by allowing a new two-year period for our revolving credit facility and provide us with additional liquidity in support of our 2000 capital spending plans."

To: Robert T. Quasius who wrote (12)	5/10/2000 1:23:00 AM
From: Glenn Petersen	Respond to of 14

Interesting: Petroglyph says gets $2.20/shr offer for company HUTCHINSON, Kan., May 4 (Reuters) - Oil and gas exploration and development company Petroglyph Energy Inc. <PGEI.O> said Thursday that its major shareholder, Intermountain Industries Inc. has proposed to buy the the 2.7 million shares of the company it does not already own for $2.20 each. The company said it has formed an independent committee of its board of directors to evaluate the fairness of the offer, consider alternatives and handle all negotiations with Intermountain concerning the proposed purchase of shares. In its letter, Intermountain told Petroglyph that it would advance Petroglyph $1 million in debt financing before the proposed transaction closed and that it has funds available to complete the financing and the transaction, the company said. Intermountain also said that it has no interest in selling its Petroglyph stock. Petroglyph shares closed Wednesday at two and were halted on Nasdaq Thursday morning for news pending. 09:19 05-04-00