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

To: Condor who wrote (31750)	4/27/2004 8:45:07 PM
From: energyplay	Read Replies (4) \| Respond to of 206087

0.9 Bcf for a well is not that big. Average well (not coal bed) in middle US onshore is maybe 1.2-2.0 Bcf 310 mcf/day maximum flow - Lets assume 250 mcf/day initial production. This will mean about 90 MMCF / year, or about 10% first year. $5.50 per Mcf, and price about 80% because there are lots of pipleine in Kansas. So $4.40 / Mcf. Doesn't seem there is a BTU bonus. $1,100 per day gross. Admiral Bay has about 80%, so $880 / day $26,000 / month $300,000 year You can take the 300k and divide by the number of shares to get the effect of this well on value of each share. I would be very happy owning this well. For a public company, you want to own a bunch of wells. How many more and how soon will there be new wells ? *********** For an exercise, look at TMR - about 90-110 MMCF/day. Latest well producing at 9.1 MMCF/day, they own about 85% , so about 8 % production increase from this well. TMR wants to drill 15-20 more like that this year.

To: Condor who wrote (31750)	4/27/2004 10:21:35 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 206087

Condor, no analysis to add to the great job eplay did, but I thought I would offer that I've grown to be leery of Canadian juniors that get into plays here in the 'States. 9 times out of 10 they end up to be the prospects that none of the locals deemed worthy of pursuing, and are of marginal value. Not sure whether any of the principals of this company are US oil & gas guys, which of course would change the whole picture.

To: Condor who wrote (31750)	4/29/2004 2:47:41 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 206087

Condor, That is a very small well. In the Pinedale Anticline in the Green River area of Wyoming the UPL wells were averaging 10 Bcfe (billion cubic feet equivalant) of reserves and are now moving up to 12 Bcfe. Regards, Bob

To: Condor who wrote (31750)	5/1/2004 5:29:45 PM
From: energyplay	Respond to of 206087

Hi Condor - Here's a company drilling wells the same size as Admiral Bay, but more of them - About 72 wells for 20 MMcf/day additional production, so about 300 Mcf/day. KCS Energy - biz.yahoo.com I own KCS with lots of small wells, and TMR which should drill >15 6-9 MMcf wells. Both increasing production, and the valuation from Wall Street trails behind the production increase, and catches up some after each quarterly report. Add in the increases in natural gas prices, and I think both stocks are undervalued. Also pretty good technical charts. Anyone else have some favorites that are increasing production ?