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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: BILL L who wrote (5200)	5/31/1998 12:18:00 PM
From: michael liu	Respond to of 11850

Thank you BILL L for counting. You have done a wonderful job in order to help all of us to pass the most difficult time (shake out by MM's strategy). Appriciated. Michael

To: BILL L who wrote (5200)	6/1/1998 5:17:00 PM
From: BILL L	Read Replies (3) \| Respond to of 11850

HEADER:ICVI/ME INFORMATION FOR INVESTORS ONLY (MUST READ). PROVIDED BY TIM.P, NON-SI ICVI/ME DD MEMBER AND LURKER. THANX TIM (TO ROCKETMAN, Could u pile this article with your ICVI/ME DD thread? thanx) Bill, Spoke this weekend with my old professor, unfortunately, his son inaccessible for a few weeks (on vacation outside the U.S.). I read him the PR releases, provided a background as to what I knew from the SI board, and ventured my analysis - here were his comments: - What ICVI is doing is not a bad idea - seems like the time is right and technology now lends itself to this type of operation being profitable (going after remaining reserves). Alot folks are doing/done this - some had made fortunes & some have been unsuccessful. - Seems like all involved have the right experience. The 75 year-old guy is mostly likely just acting as a consultant-type - hopes he is for our sake since the day-to-day managing of this operation-type is very demanding. - During the 1950 & 1960s he was involved in alot of operations that left oil fields with only 25 to 35% of the potential reserves taken (it seemed like a large percentage back then) and it was the absolute best they could do (and this was a major oil company). He's been out of the field for a while now, but from what he understands - secondary recovery methods can now extract up to 40 percent of the proven reserves. - He's betting with time the secondary recovery methods will continue to recover a larger percentage, i.e. - 1960 -30%, 1998 - 40%, 2010 - 60-70% ? - the price of oil will determine how soon it becomes economically feasible for getting those remaining, elusive percentages. His general opinion - "Hmmmm, what's the stock symbol ?" Also, some more information/articles I stumbled upon this weekend: 1) Merrill Lynch's 5/15/98 newsletter: - "Energy sector holds promise for improvement..." - "Price extremes (current situation) for crude oil have historically been unsubstainable and the next OPEC meeting is June 24, 1998...and it looks like they will be successful in imposing additional production cutbacks...and oil stocks tend to trade in line with the price of oil." 2) Another timely and must-read Scientific American article (June 1998 pages 74-79) - it discusses declassified U.S. Navy Ballistic Submarine technology based on gravity gradiometry. It looks like it will be a huge contributor to secondary recovery efforts. It's basically a giant improvement over a concept that was first invented some 100 years ago, but remained impractical until U.S.DOD research developed it for submarines. Well, just looked at the quote - 1.5+ and I'm not surprised at all (but very happy). This is still a long-term hold for me because I think it's worth $5/share. The more I learn about this, the better it looks. Good luck and please post any of this if you want to. And once again, thank you and all the SI posters. Sincerely, Tim