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Gold/Mining/Energy : Panaco Corp (PANA) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (111)	11/12/2000 2:37:16 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 115

Bob, The 10Q will obviously show what the debt level was down to as of 9/30. I would be surprised if they didn't mention in the conference call how much further it had been paid down by tomorrow. I don't think you'll ever see a written statement regarding the company's plans for further paying down its debt. This is because PNO wants to maintain maximum flexibiliy and thus doesn't want to lock in on one plan. The mere fact that their cash flows are double their cap exp. should be proof enough that they are serious in paying down debt.