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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (3444)	6/24/1998 6:21:00 PM
From: Cliff Daniel	Read Replies (2) \| Respond to of 11684

Once again: today's press release, while clearing up a number of issues, doesn't address a fundamental question: is MTEI planning to acquire property and lease it, or to acquire property and exploit it? Here Janice, let me spoon feed you some more. Please put your bib on. From the PR: Providing verification of product in place and on completion and receipt of reserve studies, MTEI will then select specific properties we wish to acquire and negotiate the acquisition. Mountain Energy's strategy is to select and purchase only the properties determined by the above referenced studies that have the most potential to economically and profitably produce oil, gas, coal, or a combination thereof. MTEI is constantly keeping in mind the need to build a very strong property asset base prior to the beginning of the development and production of the selected properties. In addition to the West Virginia properties, our staff is currently studying oil and gas properties in Texas, Oklahoma and Wyoming. Upon the completion of the study and selection of the properties that meet the parameters defined above, Mountain Energy will begin negotiations and attempt to acquire those properties that will most benefit the company and our shareholders.

To: Janice Shell who wrote (3444)	6/24/1998 7:40:00 PM
From: Thomas C. White	Read Replies (3) \| Respond to of 11684

From today's press release: "Mountain Energy's strategy is to select and purchase only the properties determined by the above referenced studies that have the most potential to economically and profitably produce oil, gas, coal, or a combination thereof." Hmmm. Quite a strategy. The obvious alternative strategy would seem to be "to select and purchase only the properties determined by the above referenced studies that have the least potential to economically and profitably produce oil, gas, coal, or a combination thereof." Or, perhaps, to at least assiduously avoid those properties with the most potential. My last O&G pick (SNT) seemed to be following just that very same strategy. Anyway, MTEI appear to have hit just the right strategy, out of the various alternatives. Nail on the proverbial noggin. And I, for one, am impressed.