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Gold/Mining/Energy : Oil & Gas Exploration & Production Co.'s -- Ignore unavailable to you. Want to Upgrade?

To: Arktic who wrote (17)	1/9/2003 6:52:45 AM
From: Ed Ajootian	Respond to of 112

Hello Paul, Its been awhile, how are you? Will definitely check out FXEN. Always figured they would find a way to grab the brass ring over there, as long as they didn't run outta cash first. BTW, all this talk about gas pipelines in Alaska has me thinking about that project you had been trying to put together several years ago. How did that all work out? If it didn't work is there any way to resurrect it? Given what's going on it seems like just a matter of time before they put in a pipeline.

To: Arktic who wrote (17)	1/18/2003 6:26:45 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 112

Paul, Finally got a chance to look at FX Energy (FXEN) and bought a little bit of it at $3.20. Anybody that can do a farmout and end up with a 25% carried interest these days must have something pretty good goin'. I haven't had a chance to bone up on their geology but it stands to reason that Poland would be an under-exploited area. I'm a bit nervous about their $5 M of short term debt but since the market doesn't seem to share my concern maybe I'm missing something. Here in New England its been going below 0 F at night. I may as well be in Alaska!