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

To: LowtherAcademy who wrote (4687)	7/24/2000 8:43:03 PM
From: upultra	Read Replies (1) \| Respond to of 4851

Lew, sorry I don't have too many of the answers you are asking. I am not sure whether it is Haliburton or Schlumberger who is doing the fracing -- Haliburton may have cost more but they did seem to get better results. Was it the location of the wells? or the method of completion?? According to reports, the wells (given current gas prices) are expected to be paid off within 6 - 8 months. My hope is that this will still give us some of that high production flow of the first year or two going straight to earnings. I am still trying to find out why AEC paid $900 million for McMurray Oil. EIS study expected this week. 1st well results should hopefully be out end of this week. 2nd well next week. cheers, riker