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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (1675)	12/9/1997 9:21:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 4736

MM, Ditto here! I'm too cheap to pay another 7.95 a month to worldnet to access AOL! What can I say. <g> cya, Bob

To: M. M. Jones who wrote (1675)	12/9/1997 10:54:00 PM
From: PK	Read Replies (1) \| Respond to of 4736

These are the interesting posts on AOL about NAMX. Subject: Re: Helium Review Date: Sun, Dec 7, 1997 11:43 EST From: MLinskey Message-id: <19971207164301.LAA16929@ladder01.news.aol.com> Hello Baron: Hello Baron: UPR has been drilling in the Cheyenne Wells area of Colorado since 1979 and is well aware of the NG/HE deposits in the area. The drilling success rate has not been great (unofficially 1 out of 8) and so NAE's expertise was/is an affordable option. Obviously UPR & Praxair feel that there is value in He, especially since its market price has jumped from $25/mcf to close to more than $50/mcf. Here is an excerpt from a UPR release, dated March 31, 1997: "Union Pacific Resources Group Inc.(UPR) (NYSE-UPR) today announced it will invest approximately $100 million in eastern Colorado to develop several natural gas fields which contain high concentrations of helium. The project will include drilling natural gas wells, construction of a gathering and compression infrastructure, a natural gas processing plant and a helium liquefaction facility. In addition to helium and natural gas, the facility, to be located near Cheyenne Wells, will also produce natural gas liquid (NGL) products. .The facility will operate 24 hours a day, processing 35 million cubic feet per day (MMcfd) of natural gas and producing liquid helium for ultimate use in high-technology processes. If necessary, the plant may be expanded to process a total of 50 MMcfc1. Praxair Inc., a Danbury, Conn., industrial gas company, will purchase the liquid helium produced in Cheyenne Wells." The plant is slated to go online in June '98. Your estimate that we have a 400 year supply of helium is the first such estimate that I have heard of for helium. It may be an old one. Let me know where you found it. Gordon Dunn, who seems to be the industry's helium expert proposed that we have a 25 year supply. Helium is a vital resource for high technology industries everywhere. The research that I have done on helium indicates that its use is accelerating and that the reserves are diminishing which will result in an increase in its price. Helium has more than doubled in price since the 1996 Helium Privatization Act was passed. So the market forces seem to indicate that it has value. Also the 1996 act was written to spur helium development. So there is a limit on how much the govt. can dump on the market from its Cliffside Reserves to protect private producers. This quote is from a Gordon Dunn Article that I have included for your reference: Gordon Dunn's Testimony to The House Background Paper in Support of the American Physical Society's Statement on Conservation of Helium "Typically, (helium) exports account for about one third of total domestic production. For example, in 1992 the U.S. exported 1.09 BCF, far more than all the rest of the world produced, and consumed 2.26 BCF domestically; about 0.3 BCF of this domestic consumption is by U.S. agencies, mainly NASA and the DOD. U.S. helium sales have increased from .67 BCF in 1970, to 1.1 BCF in 1980, to 3.5 BCF in 1995. About 6.9 BCF of helium is contained in the natural gas pumped from U.S. wells each year. About 3.3 BCF is extracted by helium producers for domestic and foreign consumption; 0.36 BCF is lost to the atmosphere during the extraction process; and the other 3.2 BCF is simply lost to the atmosphere during the burning of natural gas. Thus, the rate at which helium is depleted depends in large part on the rate of natural gas consumption. Some 10% of the total production of refined helium in the United States presently is performed by the Bureau of Mines, using facilities dating from 40 to 60 years ago; this helium production just about meets U.S. agency needs. The remaining 3.0 BCF annual helium production is extracted by private producers and sold to private consumers. "Even if the demand for U.S. helium does not grow as rapidly as might be inferred from comparison of the 1970 and 1995 sales figures quoted earlier, a rising demand for natural gas will accelerate the depletion of our helium reserves. Any unextracted helium will simply be lost during burning. The Bureau of Mines estimates that the helium-rich high BTU gas fields presently producing the bulk of this nation's helium will be depleted in about 25 years, after which the cost of helium is likely to rise greatly in constant dollars." My take on helium is that the US will continue to be the world supplier of this rare gas whose use will increase as new technologies demand its unique cooling properties. UPR, Praxair and NAE (hopefully) will benefit from this trend. BTW, the He levels in the Cheyenne Wells area are around 4% which makes the helium very economical to extract. Hope this helps. marty Subject: New NAMX owners Date: Tue, Dec 9, 1997 14:44 EST From: ChlftIntnl Message-id: <19971209194401.OAA26039@ladder01.news.aol.com> Would like,to let the board know that Bolivar Trust, an investment fund based in the Caymans and representing wealthy S American, Asian, and FSUinvestors who wish to invest in N America is accumulating NAMX and began purchasing shares today. Initial buy was at 12. Watts Subject: Re: New NAMX owners Date: Tue, Dec 9, 1997 15:23 EST From: ChlftIntnl Message-id: <19971209202300.PAA29652@ladder01.news.aol.com> They buy for individual accounts, probably will buy in small amounts--30-50K at a time not to upset current prices too much. These guys are like stealth fighters. Watts Hope you enjoy this info, PK