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

To: Ditchdigger who wrote (310)	1/2/1998 5:26:00 PM
From: Ed Ajootian	Read Replies (3) \| Respond to of 934

DD, This news of getting into the Miradores contract with Harken is huge and I am stunned to see that the stock closed up only a nickel. I will elaborate later -- this is developing into quite an interesting play. This is the classic way to build an O&G company, folks. Make a discovery and then snap up the abuting acreage that is now prospective as a result of your own discovery. I never would have dreamt that ROH could have pulled this off with HEC. The key thing missing in the release is what is ROH's share of the costs. Hopefully they are not paying 100% of the costs for their 25% beneficial interest! If its like the last one (a third for a quarter) then they have a phenomenal deal on their hands. If its somewhere in between then we'll have to see.