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To: Connor26 who wrote (111050)3/15/2004 7:35:27 PM
From: Marshall001  Respond to of 208838
 
Actually it was pretty upbeat. Lots of bewilderment about the way it has been represented. The dissapointment for SNG was the fact that they had found something new way down deep and then had a technical problem that caused them to pull the pipe. When they did that, they had to decide what to do and El Paso didn't want to go over budget.

SNG decided to plug and abandon (this was the plan from the beginning). It really is a non issue.

They claim to have established a fault trap with Gas from the exploration well all the way back to another producing well 8 miles away..

Go figure...

M



To: Connor26 who wrote (111050)3/16/2004 9:20:56 AM
From: Marshall001  Respond to of 208838
 
I have listened to the entire CC. I will be holding all shares for now. I may add shares if it dips. The Class Action lawsuits are without merit. It was a standard operation from beginning to end. The only negative thing they brought up was the inability to finish flow testing the well.

EL Paso messed them over as well. So either way, It may be dead money for a while but I am going to stick it out.

Good Luck,

M


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