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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (22806)	5/21/2003 4:21:09 AM
From: jim_p	Read Replies (3) \| Respond to of 206093

Ed, The company is full of promoters and snakes with a long track record of loosing other peoples money. 1. They don't own a pot to pee in!! 2. Auditors are "Mann Frankfort Stein & Lipp CPA's 3. Total value of proved oil and gas properties on balance sheet is $838,082 (that dollars, not thousands or millions) 4. Working capital is a negative $800K 5. Cash flow last Q was a negative $1,316,000 up from a negative $592,000 the same quarter last year. (nice growth, but the wrong way) 6. They own a 9.3% interest in a company who has an interest in 10 wells (that's as in the number 10). 7. Production was down last Q to 14,487 Mcfe from 68,090 Mcfe the same quarter last year. (that was Mcfe, not MMcfe) 8. There biggest claim to fame so far is they got Warburg to invest $85,000,000 in this wonder full exploration program. (poor Warburg). Lots of hype hype hype!! Long track record of losing other people money. Management is nothing but a bunch of x-investment bankers who are good at spending other peoples money. I don't see anything here but hype. They may hit a home run, but your odds are a lot better at Las Vegas where one of there top three shareholders is located. JMHO, Jim