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

To: Tritone_ch who wrote (297)	12/30/1997 4:05:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 934

Hello Alex,I saw that,a $115.00US purchase.I pay a flat rate at a full service broker-$50.00US, you got to make a big percentege gain to recoop the commision on a 100 shares <vbg> I've finally come to the conclusion,all hype aside, ROH got one helluva deal for 25% of Alcaravan,and is sitting on a real prize. Heres some simple math from a simple mind<g> ___________________________ HEC signed a deal today-1.4% interest in a 3 well program-$7m ROH has a 25% interest in a contract area: 25%(ROHs) divided by 1.4%= 17.86(x$7m)=$125m(value of ROH % if bought out) ___________________________ HEC previously signed a deal-5% interest in the 3 well program-$25m ROH has a 25% interest in a contract area: 25%(ROHs) divided by 5%= 5(x$25m)=$125m(value of ROH % if bought out) ___________________________ Hope that made sense to better minds than mine<LOL> DD PS: I do realize these are different contract areas,with different expectations, but HEC,we already drilled a hole-and we know there is oil there.Still snowing like a big dog here<g>