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To: ~digs who wrote (11351)	6/10/1998 1:49:00 PM
From: eric deaver	Respond to of 11850

I agree completely - Now we can start discussing wet gas vs. dry gas. Condensate. Distribution networks. Gathering networks (very cool stuff going on in Appalachian Basin here). Etc... Eric

To: ~digs who wrote (11351)	6/10/1998 1:49:00 PM
From: StandFast	Read Replies (1) \| Respond to of 11850

all, Just finished talking to a few brokers on the trading floor at the power company, I work at. Asked them bout the price of gas and coal dropping. Their response was that due to the intense winter a year and half ago, everyone stockpiled resources to protect themselves from being short. The winter this year was mild, so they have been running off storage, which has caused the market to drop price. They are figuring the summer is going to be a killer and resource prices are going to skyrocket before the end of summer. I mentioned "Mountain Energy" and the resources in WV, all I can say is their eyes lit up and said they would mention it to the CEO as a possible source for resources. After talking to them, I got a real good feeling about where we are going! (JMO)

To: ~digs who wrote (11351)	6/10/1998 2:14:00 PM
From: mnispel	Read Replies (1) \| Respond to of 11850

I disagree, Unless I misunderstand, the press release stated in regard to the coal: With cost of mining and transportation estimated at $11-$15 per ton, this will show a $10 per ton conservative net profit, (representing maximum cost to mine and minimum selling price), providing net asset value in excess of $100,000,000, In regard the gas, it was said: The U.S.G.S. estimates also indicate in excess of 2 billion cubic feet of coal methane gas. This gas currently sells in excess of $3.00/MCF 1000 cubic feet. In most cases this gas is subject to an alternate fuel tax credit in excess of $3 MCF, for an estimated value of $5/MCF valued at $10,000,000. That's a ratio of 10:1. Further, I don't think "coal methane gas" is equivalent to "natural gas" (Help Bob Ulrich). If you look at eia.doe.gov you will see that almost all the "natural gas" production comes from the South Central US (TX, OK, LA, NM) and West Virginia doesn't even register. Mark N.