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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (1815)	4/16/1998 5:21:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 3335

CLK I agree with your comments......this news release holds some great promise for SIR/ERB stock holders.....It is the most public information made available in the last year....directly relating to the drilling of this field. Also the activities of the company. 1] core tests were received 2] results indicate conventional gas production from 4 different zones 3] potential production from coals 4] gas storage potentials in sands 5] presentation of technical data in mid May...Salt Lake City 6] shown all collected data to 4 major oil/gas companies 7] evaluation of letters of intent 8] negotiations started with a number of majors for a joint venture agreement 9] anticipates completing an agreement in principle within 60 days 10] conventional test well to confirm the economic gas production of the sands 11] negotiations for joint ventures in Turkey Why this list.....what are they not telling us..? 1] 1st....they have not confirmed the existence of production quantities of Coal Bed Methane Gas....the major reason for the investment. Only it's potential. 2] They have not released the core sample technicals My take...I think they have to use the May Geologist meeting in Utah (if they go..?) to broadcaste the techical findings of this project. Remember...."Epic has been requested to set up a technical presentation...." This meeting to me is very important.....there is a lot that has not been made public....I understand the need to keep the core results to themselves....but if they do not present these findings or fail to make that May meeting....new questions should be asked about the potential CBM quantities potentialy present. This is great news...the May meeting and a signed agreement in 60 days will begin to definatively prove the quality of this field. I certainly hope this is more then just a conventional test well in August. Wonder if Alta has enough snow for skiing in May....might be worth looking into..? Would like to sit in on that presentation. Chip