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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (6016)	1/3/2002 2:44:26 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Hi Frank, Yes, I own it and am not concerned about the price action. I believe it is thin trading by folks who haven't figured out that tax loss selling is over plus uncertainty about delay in receiving a large royalty check from ASL which seems to be held up by a governmental administrative permitting process. If you haven't already, you might want to read the last dozen posts on the Birim thread starting here... Message 16635054 One by one these juniors are getting bid up. I believe that BGI's turn will come. Regards, vt

To: Frank Pembleton who wrote (6016)	1/3/2002 3:08:44 PM
From: russwinter	Read Replies (1) \| Respond to of 36161

<Birim> Frank, lock and load! Noted a $2.26 print on Feb NG. That's good, as it will quickly wipe out exploration, leaving us with an even bigger bounce back later in 02. 600 rigs, 500? From Simmons, the incremental DCF rate of return on various well prototypes at $2.50/Mcf.. Not much worth producing and last year's little boomlet depleting fast: East Texas Tight Gas: - 30% 1st year decline: 55% North Texas Tight Gas: 20% 1st year decline: 55% West Texas Tight Gas: -24% " 30% Mid- Continent Deep: 8% 25% GOM, <150' WD: -30% 42% GOM, >150' WD -32% 40% GOM (platform) -8% 45% South Texas -16% 50%