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

To: Drunk Investor who wrote (4060)	6/29/1998 6:25:00 AM
From: byeddie	Respond to of 11684

Been very hot around Detroit this year and its only late June. The local electric utility here (Detroit Edison) uses a combination of nuclear and coal fired plants. In fact they just started up a coal fired plant they hadn't used in 20 years and are going to use it to meet summer loads. Seems to me the supply of coal is like those big lines of dominos people set up. Once you start them at one end, its just a matter of time before they all fall. Just give MTEI some time, and as the supply of coal falls like those dominos, any coal their sittin' on becomes more valuable. Long on MTEI. byeddie

To: Drunk Investor who wrote (4060)	6/29/1998 9:32:00 AM
From: Jgilbert	Read Replies (2) \| Respond to of 11684

This snippet from another board: If you guys want to do yourselves a favor, invest in MTEI after you cash in on EDII. I have done some conservative estimating on the figures that they have, and figured out that the stock should be valued at or above $11 after their announcement in two weeks! More details to follow......... What in the world could he be talking about?

To: Drunk Investor who wrote (4060)	6/29/1998 10:03:00 AM
From: lightfoot	Read Replies (1) \| Respond to of 11684

Interesting Technology announcement re: enhancing stripper wells PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--June 25, 1998--Nevtah Capital Management (''Nevtah'') (NASD OTC:NTAH) announced that it has finalized an agreement with Petroleum Asset Management Co. (''Pamco'') to form a partnership utilizing a patented stripper well technology, which will significantly improve the economics of oil production. The technology will reduce operating costs by $5.00 + per barrel of oil as well as increase production. The nation's 433,171 stripper wells produced more than 350 million barrels of oil in 1996, 15 percent of all the oil produced in the U.S. (excluding Alaska). There are another 500,000 stripper wells not operating at this time. Even at the current low prices of oil, this technology converts marginal wells into an economic success. As reported by Resource Analyst Jay Taylor, ''assuming this technology is used on just 9,000 Stripper wells in the U.S., management believes its 50% interest in this technology could bring pretax earnings to Nevtah ranging from $14 million to $79 million per year.'' The company has currently installed six new systems on wells in Kentucky and Oklahoma. Four of the wells are located in Kentucky and range in depth from 600 to 1,400 feet. These wells were targeted to test the cost and efficiency with much lower operating costs as compared to the standard pump jack system. Two systems were recently installed in Oklahoma on wells of approximately 500 feet in depth. These wells will be used to determine the economics of the system on very shallow wells, which had been abandoned for some time. Another 18 wells will be installed over the next 30 days, which will complete phase 1 of the testing program. Phase 2 will include the installation of the system in an additional 100 wells. At that point, the company will actively seek additional leases in Texas, Oklahoma and Kansas for its own use as well as start a marketing program to sell the technology to other stripper well operators in non-competitive areas. This will include sales to other countries through exclusive distributors. Nevtah is still negotiating with prospective joint venture partners to participate in the development of its Matagorda Island gas field.