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

To: Ditchdigger who wrote (240)	12/11/1997 11:02:00 PM
From: gholst	Read Replies (2) \| Respond to of 934

It may as well be a holiday.Haven't seen the market like this ever.You get the feeling that its more than tax loss selling.The fiascos throughout the year that started with Bre-ex and continued. Commodity prices aren't that great either.Now some of the heavy crude producers are starting to plug,because of the price.Lot of junior companies won't be around much longer,can't get financing for new exploration.Looks like the next support for gold will be around $260.00. Companies are trading at 10 cents on a dollar.Directors setting new options to take advantage of the price decline.(investor gets screwed further).Usually a guy plugs his nose and picks up a few stinkers this time of year,but not sure this time around.The technology stocks got hammered as well today.The Asian markets in turmoil.Might be wise to short anything that moves up a few percent. Having said all of the above,there are still some companies with great potential,like roh.Think I'll get some more tomorrow. The Canadian oil index went through this awhile back,and came back just fine.You just don't know when it will happen. Have a good one.Glen

To: Ditchdigger who wrote (240)	12/14/1997 11:25:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 934

"If you are to invest in oil and gas, I believe Rochester is simply a stock you should own in this sector. ROH has a strong partner and is loaded with cash, exploring in elephant country. The company has already had huge success. Achieving reserves of 50MMBbls at Palo Blanco and the rest of the Alcaraven prospect is a real possibility, with total potential of over 100 MMBbls reserves. Paine Webber recently evaluated Harken Energy and concluded that each 50 million barrels of oil reserves would add $0.35 value to Harken's share price. This evaluation looked fair and accurate to me, therefore if we use this number and apply to ROH's 25% and share structure: Harken 116M shares X $0.35 = $US40.6M = $55Mcdn Rochester's interest is 25% vs Harkens 50% $55M/2 = $27.5M $27.5/ ROH 8.7M shares = $3.16 or $1.94 fully diluted The odds look very good for 50MMBls which would value ROH between $2.00 and $3.00. ROH has approx. $1/share in cash and prepaid expenses. It is quite possible a target of 100MMBbls could be reached giving ROH a value of between $4.00 and $6.00. The company is looking for other properties which could add value and we also must consider a premium for exploration potential on the stock price. A target of $5.00 could be considered fairly conservative with good possibilities of a much higher price depending on exploration success. We could begin moving towards this target with news on the next two wells planned for this drilling season. ****************************************************** Excerpt from Resource Stocks Advisory newsletter article. See full text at rochester-energy.com OFF-TOPIC, but most important. The kid finally got on the boards today, at Sunday River. They have not got nearly the amount of snow as you guys. But still a lot open and had a blast!