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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH) -- Ignore unavailable to you. Want to Upgrade?

To: gholst who wrote (224)	12/8/1997 10:39:00 PM
From: Ed Ajootian	Respond to of 934

Glen, Yes, it looks like ROH qualifies for the TSE. Its so neat to see an exchange that realizes that O&G companies are different than other companies and you can use the independently valued reserves vs. using just book value of the assets (which is all Nasdaq uses). The only problem I can see is whether they would require the $200K cash flow to be historical vs. projected. ROH has zilch for cash flow at the moment, but as soon as they turn on the spiggot for the pipeline they should be generating over C$500K in cash flow a MONTH! The only other issue is whether they count non-producing wells as proved developed. That is the case here in the US. We have two sub-categories of proved developed: PDNP (proved developed, non-producing) and PDP (proved developed, producing).