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Gold/Mining/Energy : Teton Petroleum (TTPT) -- Russian Oil -- Ignore unavailable to you. Want to Upgrade?

To: forecaster who wrote (21)	4/17/2002 9:25:44 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 115

Teton filed its 10KSB after the market closed on Monday 4/15. It has some surprises in it, including a private placement that began in late March, with much more onerous terms than I thought would be necessary at this point. I don't like what I'm seeing at this point but have decided to keep an open mind until I get a chance to talk with Howard personally (have a call in to him). The export quota can in effect be changed at any time, but I believe with the current strong oil price environment, they would not reduce the quota and if anything would increase it. My biggest position by far is in a company called Benton Oil (BNO). They have a huge mature oilfield in Venezuela and also own a 34% interest in a Russian oil company that is producing 20,000 bopd. I'm much more psyched about the prospects of BNO vs. TTPT at this time.