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To: Richard L. Williams who wrote (6914)4/22/1998 10:32:00 AM
From: jan_mike  Respond to of 11708
 
At least they finally admitted they didn't find gas in Conroe. eom



To: Richard L. Williams who wrote (6914)4/22/1998 10:35:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 11708
 
Richard--From the news release:

... expected to pay out in slightly more than one year based on conservatively projected natural gas prices of $2.10 per mcf.

I interpret that to mean return OF the $45K investment in that time.

Any pop in gas, which is on the low end of price now, should hit a year.

David Smith Isaacs could probably have done the whole loan from petty cash<ggg>. Why cash Plus loan Plus stock to come up with 45K? Sorry, but I have to ask the tough questions. After all, someone else will.

TG