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

To: kfdkfd who wrote (4677)	7/12/2000 12:04:48 AM
From: Gerald Atwater	Read Replies (1) \| Respond to of 4851

Kevin, off to the races would be very nice indeed! Of further interest concerning NEW Jonah permits -- yesterday Ultra had two more wells approved, which means, I believe, that Ultra Petroleum has now permitted 8 of 22 NEW locations following the EA and FONSI for the Jonah downsizing (to 40 acres). Two of the eight were spudded in June and one other since then or soon (this last one is not of record yet). What could be better proof that Ultra intends to boost production and cash flow as soon as possible! Management intends to take full advantage of NG prices! (Permit records can be found at wogcc.state.wy.us Click on "permits to drill", then enter dates 06-12-2000 thru 07-11-2000. Notice also that Questar has some permits for NEW wells in the Mesa area; Ultra has a 30% interest in these as this is part of the acreage Questar/Anschutz acquired last year for US$13.1 million.) Gerry Atwater