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

To: upultra who wrote (4730)	11/14/2000 10:01:57 AM
From: LowtherAcademy	Respond to of 4851

Riker, I'm glad for the retail investor, and I hope the trend continues. I doubt I'll invest in anymore Canadian companies--ever. Best wishes with your investments, Lew

To: upultra who wrote (4730)	11/15/2000 9:46:26 AM
From: Gerald Atwater	Read Replies (2) \| Respond to of 4851

Ultra Petroleum updates field activity Ultra Petroleum Corp UP Shares issued 56,939,762 Nov 14 close $4.00 Wed 15 Nov 2000 News Release Mr. David Russel reports Jonah field activity update Ten wells of the current 18-well Jonah drilling program have been drilled, completed and are producing into the sales line, as reported in Stockwatch on Sept. 25. The last four wells in the program have had an average initial production rate of 5.2 million cubic feet per day. One additional well is at total depth and awaiting completion and three additional wells are drilling. Pinedale anticline activity update The first two wells of the 10-well northern Pinedale anticline drilling program are partially completed and have been placed on production at a combined gross initial rate of 17 million cubic feet per day. Another well is fully completed and waiting on pipeline connection and one well is fully completed awaiting drill out of the frac plugs. Three additional wells have been cased and are undergoing completion operations. The final three wells on the north end of the Anticline are either still drilling or are awaiting completion. Ultra, as operator, is drilling ahead on one well on the southern end of the Pinedale anticline. "The results of our Jonah wells are providing the strong cash flow that we anticipated and the results of our anticline wells have exceeded expectations. We're seeing more net pay and productivity than we projected. Our earlier technical work identified a productive fairway down the anticline, and the wells we've drilled so far confirm this fairway 100 per cent. We haven't drilled an unsuccessful well yet in this program and frankly don't expect that we will given the way the results are tying to our interpretation. These wells build strong support for our estimates of at least 400 potential well locations on our anticline acreage. The potential reserves associated with these locations would be a multiple of our 128 billion cubic feet equivalent at mid-year," stated Michael D. Watford, chairman, chief executive officer and president. WARNING: The company relies upon litigation protection for "forward-looking" statements.