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Gold/Mining/Energy : Hegco Canada Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JL who wrote (2129)	3/2/2000 1:05:00 AM
From: okey	Respond to of 2316

JL - Im not sure you get it do you?..... The numbers in the reserve report are there for you JL. Tell me whats missing? Im sure if you can identify them, you will display them here. You're not adding any relevant information on the HEG subject JL. As for the KOB thread, come on over and talk to some of the people. If you think its a write off in the San Joaquin Basin, you're mistaken. The play has been very trying for all involved. Very deep, high pressure, high temperature drilling into formations never drilled before at those depths. Many mechanical problems have made for delay after delay and of course the blow out. Oh yeah, you must be one of those who think the gas went away somewhere. Flow test this spring will have you and I address its success or demise.

To: JL who wrote (2129)	3/2/2000 9:06:00 AM
From: READE SMITH	Respond to of 2316

Hi JL.........Although the report issued yesterday is interesting, it is six months old and it is not THE report which will give us the full picture on Hegco's Mississippi property....and the plan for its development. My understanding is that this report from LaRoche will be out shortly.

To: JL who wrote (2129)	3/2/2000 11:24:00 AM
From: okey	Respond to of 2316

JL - have a look at this report and you tell me if ELH is all fluff? elandjennings.com .....then go over to the many research reports on the site that cover the play.....especially the AG Edwards full report.

To: JL who wrote (2129)	3/2/2000 4:20:00 PM
From: Mark Orgren	Read Replies (1) \| Respond to of 2316

Actually, JL, the Orgrens office out of their basement, but the Rush-Andrus residence appears to be on a concrete slab. JL, the point that Okey is making is a valid one. To help out, here are a few definitions. In the term "Hegco WI" the WI stands for Working Interest. It refers to the cost interest for drilling etc. The term "Net" refers to the revenue interest -- the percentage of the production that belongs to Hegco. The point that Okey is making is that, in the case of the Proved Producing oil reserves, Hegco's revenue interest is 45% of their cost interest. In other words, if they pay 100% of the well cost, they receive 45% of the revenue. I'll leave it to you to speculate as to what this means. April

To: JL who wrote (2129)	4/7/2000 2:22:00 PM
From: okey	Read Replies (1) \| Respond to of 2316

<<(Anyone interested in Okey's job performance and his personal trash should visit the downtrodden people on the KOB thread and listen to them talk about margin calls because of an over-hyped stock. good job Okey A lot of folks have lost their shirts on that one already with perhaps a hell of a lot more to come.)>> Hey JL....just want to let you know that the margin call activity has affected everyone in the marketplace lately. We'll know pretty soon over at ELH if you are correct. I'm feeling especially sorry today for the folks who are invested in that play. Its a real bummer. BTW - how's our HEG doing?